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How Does Insurance Work in Commercial Trucking Accidents?

Posted on: August 22, 2023

Truck accidents can cause significant damage, both in terms of property and human life. Due to the immense size and weight of commercial trucks, accidents involving these motor vehicles can be catastrophic. These accidents can lead to devastating injuries or fatalities. When a commercial truck accident occurs, it’s essential to understand the role of commercial insurance and how it operates.

In this article, we’ll explore the basics of commercial insurance in truck accident cases. This includes differences from personal insurance, challenges in commercial truck insurance claims, and how an attorney can help you. Understanding commercial insurance for trucks is critical. This ensures that you receive fair compensation for losses from a truck accident.


What Is Commercial Insurance For Trucks?

Commercial insurance for trucks is a required investment for trucking companies. It protects their assets and finances in case of an accident. An accident with semi trucks, tractor-trailers, and other large trucks can cause significant property damage and injuries.

Such incidents can lead to hefty medical bills, lost wages, and legal expenses. Because of this, commercial trucking companies have different insurance requirements than a traditional personal insurance policy can provide.

Liability insurance covers if the truck driver causes an accident. Commercial truck insurance policies cover losses from accidents, including property damage, injury, and cargo loss. The exact type and amount of coverage required depends heavily on federal and state regulations.

These commercial insurance policies are different than the insurance policies for passenger vehicles that most of us are familiar with. You should understand these differences in order to receive fair compensation after a truck crash with a commercial vehicle.

Two commercial trucks involved in an accident on the side of the interstate


What Are the Differences Between Commercial Insurance and Personal Insurance?

Commercial insurance and personal insurance differ in several ways. One of the most significant differences is the coverage provided.

Businesses design commercial insurance policies to protect their assets, while personal insurance policies aim to protect individual personal property. Commercial insurance policies have higher coverage limits and premiums than personal ones. This is due to the increased risks of commercial driving.

Another key difference between commercial insurance and personal insurance is the policy terms and conditions. Commercial insurance policies are more complex than personal ones. They may offer additional coverage like general liability, cargo insurance, and workers’ compensation.

These additional coverage options are essential to protect businesses from potential lawsuits and losses. Personal insurance policies generally have straightforward terms. They focus on protecting individuals and their property.


Common Challenges When Dealing With Commercial Insurance Claims

Dealing with commercial insurance claims is complicated. Trucking companies and drivers may face several challenges. One common challenge is determining who is liable for the accident.

In some cases, the truck driver might be responsible for a commercial truck accident in Florida. In others, the blame might lie with another driver or a third party. Insurance companies may investigate the accident and assess fault differently, leading to disagreements between the parties involved. This can result in delays in the claims process and potential litigation.

Another challenge when dealing with commercial insurance claims is negotiating a fair settlement. Insurance companies might offer a settlement that doesn’t fully cover the damages and losses. Additionally, insurance companies may delay or deny claims, requiring the trucking company or driver to file a lawsuit to recover damages. This can be a time-consuming and expensive process that requires the assistance of an experienced personal injury attorney.

Navigating the claims process can be even more challenging for trucking companies and drivers who are unfamiliar with the legal process. The complexity of insurance policies and laws in truck accidents can be overwhelming. This can lead to mistakes and claim denials.

It’s essential to seek help from a seasoned commercial truck accident attorney. When drivers work with an attorney, they protect their rights and secure fair compensation.

A white commercial truck delivering packages downtown


Coverages Are Different

The truck’s coverage can also vary based on its use. For example, a truck operating in interstate commerce must carry an MCS-90 endorsement with specific coverages.

In a case our attorneys handled, the previous attorney advised the victims to accept the trucking company’s disclosed limited policy limits. When our firm studied the case, we noted the company’s nationwide operation. We realized it had to have more coverage for DOT requirements.

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When we asked the right questions, we learned of this additional coverage. The result was a much better outcome for the victims than what the previous lawyer advised them to settle for.


How A Commercial Truck Accident Attorney Can Help

A commercial truck accident attorney specializes in such cases. They understand the intricacies of commercial trucking accidents. They can be a valuable resource for drivers dealing with commercial insurance claims.

One of the primary ways that an attorney can help is by providing legal guidance and representation throughout the claims process. An experienced personal injury attorney navigates the intricacies of commercial insurance policies and trucking regulations to protect the driver’s rights. You shouldn’t hire an attorney unfamiliar with these cases. They might miss vital details affecting the case outcome.

Another way that a truck accident lawyer can help is by negotiating a fair settlement. Insurance companies might propose an inadequate settlement. An attorney can advocate for the driver to ensure they receive fair compensation.

If necessary, an attorney can also file a lawsuit to recover damages and represent the driver in court. When drivers work with an attorney, they safeguard their interests and maximize their chances of securing the compensation they deserve.


Orlando Truck Accident Attorneys

If a commercial truck has hit you or a loved one, you should consult a reliable and experienced law firm. At Beers and Gordon, we have established ourselves as one of the leading personal injury law firms in the state. Our Orlando truck accident lawyers possess extensive experience in complex truck accident cases. They have a consistent record of achieving favorable results for clients.

By contacting us, you can rest assured that you will receive the best legal representation possible. Our team is dedicated to securing the compensation you deserve. This can be for medical bills, lost wages, or trauma from the accident.

Don’t let a commercial truck accident define your life. Contact us today for a free consultation and let us help you get back on track. With our expertise and dedication, you can focus on your recovery while we take care of the legalities.


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