Settlements After Trucking Accidents

Semi trucks represent a significant portion of the vehicles on California roads on a given day, and trucking accidents can be some of the most catastrophic incidents. The size of a semi can result in significant damage to a smaller vehicle, especially if high rates of speed are involved. Damage to one's vehicle can be substantial, and personal injuries can be severe. An individual involved in such an accident might consider filing a personal injury lawsuit to address such damages if the accident was due to truck driver negligence, but litigation may not always be necessary.

It is possible that a trucking company and other defendants might consider making a settlement after a semi truck accident. An alternative dispute resolution method might be used in such a case to save time and money by averting the costs associated with court activities. A settlement could be a positive alternative because it can provide a financial resolution that allows an injured party to move forward quickly. However, a settlement could provide a lower financial award than might be available through litigation.

If a settlement is reached, provisions may be made to prohibit further litigation related to the incident in question. Further, there may be restrictions on public comment about the case and the value of a settlement. An individual receiving a financial settlement may receive a lump sum, or there could be a structured payment plan over time.

It may be helpful to discuss the pros and cons of settlements with a lawyer during initial discussions about how to best seek compensation for personal injuriesincurred in an accident. Mitigating factors such as fatigue or intoxication on the part of a driver responsible for the incident might strengthen the case for a plaintiff, which might be used as leverage for a larger settlement. Similarly, life-altering injuries such as paralysis might warrant greater settlement amounts.

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