Tag Archives: commercial insurance

Do You Get Larger Settlements for Truck Accidents?

From a legal standpoint, truck accident lawsuits are investigated and litigated differently than auto accident cases

A semi truck accident is different from a car accident in a number of ways. Truck drivers must meet higher safety standards than car drivers and comply with separate state and federal rules regulating such things as rest periods and the number of driving hours permitted each day. These rules are in place for a good reason, as most accidents involving semi trucks tend to be more serious than car accidents and run a greater risk of causing extensive damage and injury. Because of the increased chance of significant and permanent injury and strict regulations surrounding the trucking industry, truck accident settlements tend to be larger than settlements for motor vehicle accidents.

Compensation for serious injuries

Truck operators are required by the Federal Motor Carrier Administration to carry commercial insurance policies with higher liability limits. Higher limits are necessary to pay for extensive damages caused by semi truck accidents, which are often more severe than injuries sustained in passenger vehicle collisions. If you are injured in a truck accident caused by the negligent actions of another party, your settlement amount depends on three factors:

  • Medical expenses – All current and future medical bills are compensated in a truck accident settlement.  It is best not to settle too soon after an accident because you may not realize the full extent of injuries or necessary long-term treatment.
  • Lost wages – This includes current and future lost earning capacity.
  • Pain and suffering – Settlements consider the difference between your quality of life before and after the accident and compensate victims for past and future pain, suffering, and disability.

Settlement amounts are often higher in trucking accident lawsuits

Settlement amounts also tend to be higher in truck accidents because of the number of possible defendants. Unlike a car accident where only the driver is held liable, a truck accident lawsuit may involve more than just the driver and may include the employer, maintenance facilities, parts manufacturers, or loading companies. Each of these parties may have separate insurance policies with higher limits than an individual driver.

Experienced lawyers working on your behalf

An experienced truck accident lawyer can help with the complexities of trucking laws, multiple defendants, and likelihood of severe and permanent injuries. Hiring the right truck accident attorney is crucial. If you were injured in a semi truck accident, you are likely facing mounting medical bills, lost wages, and tremendous stress. A lawyer can assess the full impact of your damages and ensure you receive the maximum settlement amount possible.

At Ward & Ward Law Firm, we fight for justice for those injured due to the reckless and negligent actions of a driver in any kind of vehicle. Our knowledgeable and experienced Indianapolis trucking accident law firm and personal injury advocates are here to help.

To discuss your personal injury and estate planning matters, contact Ward & Ward Law Firm to arrange a free consultation. We are available to speak with you 24 hours a day, 7 days a week.

Charlie Ward

Ward & Ward Law Firm
728 S Meridian St
 Indianapolis, In 46225
317-639-9501