In many situations, plaintiffs are limited when it comes to how much money they can actually receive in a personal injury lawsuit. If you’re suing someone who doesn’t actually have a lot of money, you can’t expect to receive a multi-million dollar settlement. Even in the case of an average car accident, insurance companies are unlikely to provide you with a truly monumental settlement unless you have suffered serious, life-altering injuries. But there are certain types of lawsuits that can provide you with a particularly large settlement, and a trucking accident lawsuit definitely falls into this category.
With all that said, you still need a skilled attorney if you want to get the settlement you deserve. Work with a qualified, experienced legal professional, and your chances of receiving a large settlement rise considerably. These professionals can make sure that you’re getting the maximum amount of money possible, and they can guide you through your lawsuit in an efficient, confident manner.
Truck Accidents Result in Some of the Biggest Settlements
Once you get into the six-figure settlement range, the average settlement for a truck crash is astronomically high. A recent report stated that in 2018, the average six-figure settlement had risen to $22.3 million. This is an increase of almost 1,000%, and the average settlement was only $2.3 million in 2010. These large verdicts have been referred to as “nuclear settlements” by those in the legal community, for obvious reasons.
Why Trucking Accident Lawsuits Pay Out So Much Cash
There is very little sympathy for trucking companies once the case goes in front of a jury. Jury members are of course average members of society, just like you. When they see that you have been injured due to the negligence of a trucking company, they are very likely to help you get a very large settlement. Past cases have shown that even when truck drivers have made virtually no mistakes, companies are still held liable and forced to pay multi-million-dollar settlements.
It’s Getting So Bad that Trucking Companies are Shutting Down
From the point of view of an average plaintiff, this is all good news. But from the point of view of a trucking company, these “nuclear verdicts” spell doom for the future of their businesses. In many cases, insurance companies will only cover a portion of the settlement. For example, the insurance company might cover $5 million of the settlement, while the company would be forced to pay the remaining $15 million. Forced to deal with these kinds of situations, many trucking companies are simply choosing to shut down.
Enlist the Help of a Qualified Attorney Today
If you’ve been searching the New Mexico area for a qualified, experienced truck accident attorney, look no further than The Law Office of Brian K. Branch. We have considerable experience with truck accident cases, and we understand how devastating these accidents can be. With our help, you can strive towards the maximum possible settlement amount. These funds can help you with medical expenses, missed wages, and other types of damages. Book your consultation today, and we can help you move on with your life after your accident.