Loss of Profits and Earning Capacity

Ever since the recent Gulf of Mexico oil spill began on April 20, 2010, many innocent people have been forced to suffer its effects. One issue that has many people concerned is the economic impact of this environmental disaster. Some businesses and families have already suffered financial losses due to the oil spill, and this trend is expected to continue.

If you have experienced a loss of profits or earning capacity due to the oil spill, you may be eligible to file a legal claim against the parties responsible. The knowledgeable BP oil spill attorneys of Williams Kherkher can help you decide what steps you need to take to protect your business and your family. Call us today at 800-821-1544 for more information.

Causes of Lost Profits

While Louisiana has suffered the strongest effects of the oil spill so far, industries in other nearby states have also been affected. Businesses that have been impacted by the oil spill include:

• Tourism-related businesses: Tourism has greatly decreased along the Gulf Coast since the oil spill first began. This has lead to serious economic losses for related businesses, including hotels, resorts, private beaches, and restaurants.
• Seafood restaurants and distributors: People who sell these food products, whether in restaurants or stores, have been suffering financially. This is due to both a reduced supply of fish, shrimp, and oysters, as well as a reduced public interest in eating these food products due to concerns about their safety following the spill.
• Fishers: Fishing is a significant industry along the Gulf Coast. Unfortunately, the federal government has been forced to impose fishing bans since the oil spill due to concerns about contamination of fish, shrimp, and other types of seafood. This has created significant financial hardship for some fishers and their families.

Fortunately, the financial consequences of the oil spill should not be permanent. However, short-term financial losses can still lead to serious financial complications. No business or family should have to fear for their financial futures due to another party’s errors. If you are facing significant loss of profits due to the oil spill, our Gulf Coast oil spill loss of income lawyers may be able to help.

Contact Us

The Gulf of Mexico oil spill lawyers at Williams Kherkher are ready to help you protect your legal rights if your business has been negatively affected. To discuss your grounds for legal action, contact us today by calling 800-821-1544.