Average Settlement For Commercial Vehicle Accident

Average Settlement For Commercial Vehicle Accident: The average settlement for this kind of incident can range between $100,000 and $750,000, but in some severe cases, they can exceed $1 million.

Burger Law, a prestigious St. Louis-based law firm, is committed to securing the rightful compensation for those affected. In the following sections, we will examine the various factors influencing these cases and provide insights into the potential amounts individuals can expect.

If you believe you might have a claim, working with a trusted St. Louis personal injury attorney can enhance your chances of obtaining a fair settlement value for your losses. Seek a free consultation today if you suffered any type of injury.

Commercial Vehicle Accident Basics

Unfortunately, these accidents are common and can result in significant financial and emotional distress for victims. This situation occurs when a vehicle used for business purposes, such as delivery trucks or company vans, is involved in a collision. Due to the size and weight of the vehicles, these accidents can cause severe injuries. Sadly, these events are frequent in St. Louis, MO, where busy highways and bustling business activities are common. Victims often face complex claims involving both the driver and the company responsible for the transport.

Since large corporations typically insure commercial transport, legal representation is essential to managing the intricacies of these claims. Here at Burger Law, our skilled attorneys are well-versed in handling commercial transport accidents, ensuring victims obtain the compensation they are entitled to.

Types of Commercial Vehicles Involved in Accidents

This category encompasses a wide range of vehicles, each with its unique challenges when it comes to legal claims. Common types of industrial vehicles include:

• Semi-trucks: Also known as tractor-trailers, these tend to cause severe damage due to their size.
• Delivery trucks: Popular with businesses like Amazon and UPS, disasters involving delivery vehicles are on the rise.
• Company cars or vans: Businesses generally provide employees with these transports, which can be problematic during work-related trips.
• Buses: Both public and private bus companies may be held liable for mishaps involving their vehicles.

Different types of commercial conveyance can lead to varying levels of damage and legal complexities. A detailed understanding of the accident specifics and the vehicles involved is vital for accurately estimating a fair settlement.

Average Commercial Vehicle Accident Settlements

Compensation for cases involving commercial transport incidents can differ significantly based on factors like the severity of injuries, the extent of property damage, and the degree of negligence. On average, it may range between $100,000 and $750,000. In some cases where severe injuries or fatalities are involved, it may exceed $1 million.

Example Cases

At Burger Law, we’ve achieved substantial arrangments for victims of large-scale transport collisions:

• $500,000 for a truck accident victim who sustained severe traumas.
• $3.5 million for a client who suffered brain injuries due to a semi-truck collision.
• $1.2 million was awarded to a family after a fatal accident involving a commercial bus.

These examples illustrate the broad range of potential agreement outcomes depending on the circumstances of the case. For more details on our successful cases, visit Burger Law Results.

Determining Factors in Settlement Amounts

1. Injury severity: Traumatic brain lesions or spinal damage generally lead to higher compensations due to increased medical expenses and long-term care needs.
2. Medical costs: The cost of emergency care, surgeries, rehabilitation, and future medical expenses plays a crucial role in determining the amount that must be paid.
3. Lost wages: If the victim cannot work temporarily or permanently, compensation for lost income is factored into the agreement.
4. Pain and suffering: Non-economic damages such as emotional distress, mental anguish, and loss of enjoyment of life are habitually included in the final resolution.

Recognizing these factors allows victims and attorneys to build stronger cases and achieve the best possible outcomes. For further insights on calculating compensation amounts, consult the Insurance Information Institute.

“I’ve devoted my life to ensuring our clients get full injury compensation.”

 

Gary Burger

Litigation Attorney

The Role of Liability in Commercial Vehicle Accident Claims

Determining liability is crucial in any enterprise transportation catastrophe claim. Establishing who is at fault and to what extent will impact the indemnification awarded. In cases involving business-related vehicles, several parties may share responsibility, including:

• The driver: They may be held liable if found negligent,  such as in cases of speeding or distracted driving.
• The company: Employers are often held accountable if accidents occur during drivers’ duties.
• Vehicle manufacturers: If faulty equipment contributed to the misfortune, manufacturers might also be included in the claim.

Navigating the complexities of liability in work-related transport collisions requires expertise. Comparative fault laws in Missouri allow victims to recover damages even if they share some responsibility for the tragedy. If you require further details on this topic, more information is available in Forbes.

Comparative Fault and How It Affects Your Claim

Missouri follows a pure comparative fault rule, meaning that even if the injured party is partially at fault, they can still recover compensation. However, the total amount they receive will be reduced by their percentage of fault. For example, if you are found to be 20% at fault for the incident, the amount will be reduced by that same 20%.

It is important to know how comparative fault impacts your claim and make the difference between a full and partial recovery. Minimizing your liability is vital to maximizing your deal.

Estimating Damages After a Commercial Vehicle Crash

After one of these events, victims can claim two types of damages: economic and non-economic.

Economic Damages: Medical Bills and Lost Wages

These are the quantifiable financial losses that result from the accident, including:

• Medical expenses: Covers everything from emergency room visits to ongoing rehabilitation and future medical care.
• Lost wages: If your injuries prevent you from working, you are entitled to get paid for lost income, both past and future.

To calculate these damages accurately, it is basic to gather all relevant medical bills, income statements, and employment records. This helpful Forbes guide offers additional insights.

Non-Economic Damages: Pain and Suffering

Those refer to the more subjective impacts of the accident, such as:

• Physical pain: Chronic aches resulting from your injuries can significantly affect your quality of life.
• Emotional distress: Victims often suffer from anxiety, depression, or PTSD following serious tragedies.
• Loss of enjoyment: Compensation may be awarded in situations where an individual can no longer enjoy hobbies or everyday activities.

Calculating non-economic damages can be complex, but it is essential to your claim.

Ready to Maximize Your Settlement?

Commercial vehicle accidents can undoubtedly be overwhelming, but the right legal team can help you secure fair compensation. At Burger Law, we fight for St. Louis accident victims. Contact us at (314) 500-HURT for a free consultation.

Gary Burger

Founder | Injury Attorney
Gary Burger has dedicated his career to standing up against bullies. The founder and principal attorney of Burger Law | St. Louis Personal Injury Lawyer has helped hundreds of Missouri and Illinois individuals and families recover th …
Years of experience: 30 years
Location: St. Louis, MO

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