Full Video Transcript
Gulf oil spill has crippled commercial fishing, tourism, hotels, charter boat operators and other industries across Louisiana, Mississippi, and other Gulf coast states. Individuals and businesses harmed by the massive spill have important legal rights to compensation from those responsible. BP, Transocean and others may all face liability. If you've lost income or business profits or if your property was damaged by the oil spill, you can submit a claim for compensation from the Oil Spill Liability Trust Fund. It was created as part of the Oil Pollution Act of 1990 in the wake of the Exxon Valdez oil spill. To be eligible for compensation out of the fund, claimants must submit a claim form, document the costs and damages they suffered from the spill, and submit any required supporting information to the National Pollution Fund Center. Those affected by the spill may also be able to file a lawsuit against BP, Transocean or others for compensation for negligently failing to prevent the spill and other claims. You may even be able to join an existing class action lawsuit. Before you do anything, contact an oil spill lawyer to discuss your rights and figure out which options are right for you.