Tips for Businesses and Consumers:

Tips for Businesses and Consumers:
· Florida residents are discouraged from signing any documents provided to them in return for money from BP or anyone else until they know the extent of their loss, which may be significantly higher than the money being paid. These may be fraudulent or premature.
· The Attorney General’s fraud hotline is open to receive any reports of fraud or price gouging. The hotline is 1-866-966-7226.
· The Florida Agriculture and Consumer Services Commissioner gas price-gouging hotline is also operational. The toll-free hotline number is 1-800-HELP-FLA (1-800-435-7352).
· Florida’s coastal businesses should be prepared to make loss of earnings claims for damages incurred as a result of the Deepwater Horizon oil spill. The Florida Department of Financial Services provides the following suggestions:
o Take detailed records of cancelled reservations. It is important that when these cancellations occur, the cancelling party is questioned whether the cause is because of the oil spill. If the answer is yes, keep a record of the person’s name and contact information, and also the revenues lost as a result of the cancellation.
o Calculate estimated losses for a six-week period and be able to provide records, sales receipts and documentation to support such a claim. A good idea would be to compare business now to a five-year average of revenues between May and June, which can offer insight as to the damages incurred.
o Make a detailed list of assets – including non-structural -- and include appropriate records to support the list. For example: if your hotel or restaurant is within walking distance to the beach and that beach has oil reach its shores, the business’ assets are damaged even though there is no physical damage to the structure, and it is important to record this depreciation.
o Be wary of insurance settlement scams. -- For businesses who may have already begun the claims filing process with BP, first, make sure you are dealing with authorized representatives from BP and not scam artists; and be careful not to sign waivers of liability too quickly without getting adequate legal and financial counsel.
o In all circumstances, affected businesses should file a claim with BP via the hotline number – 1-800-440-0858. Additional guidance to help small businesses survive a disaster can be found atfile://www.myfloridacfo.com/ or by calling 1-850-413-3089 or toll-free at 1-877-MY-FL-CFO (1-877-693-5236).