You can gain considerable compensation from car crashes, whether it be from personal or commercial crashes. While the compensation is already substantial, you might wonder which pays more. The answer is that commercial car accidents usually pay out more, and here’s why.
Higher risks and more significant damage
Commercial vehicle crashes usually involve big vehicles like trucks, delivery vans or company cars. Because they’re big and heavy, these vehicles can cause more harm. This means the injuries and damage to cars in these crashes are often worse, leading to more significant compensation claims.
Company responsibility
In Ohio, your company may have to pay if you crash while driving the company vehicle for work. Companies are liable for what their workers do on the job, and this liability can lead to more compensation paid out, as companies usually have more insurance than regular drivers.
Complex legal and regulatory issues
Commercial vehicle crashes often bring more legal and regulatory problems. For example, truck companies must follow both federal and state laws. Breaking these rules can significantly affect a case’s outcome, often leading to more compensation.
Economic and non-economic damages
People hurt in commercial vehicle crashes may ask for two types of compensation: economic or non-economic damages. Economic damages include direct costs such as medical bills and lost wages. Non-economic damages cover indirect costs such as pain and suffering. These claims can be significant because injuries in commercial vehicle crashes are often severe.
The main factors that affect payment
Several factors can affect the payment in commercial vehicle crashes:
- How bad the injuries are: Worse injuries usually mean more compensation
- Insurance coverage: Commercial vehicles usually have more insurance
- Breaking rules: Not following rules can mean more liability
- Company liability: Companies rather than private individuals may have to pay, leading to more compensation
Knowing these factors can help you understand why commercial vehicle crashes may have more considerable compensation.
Understanding your rights in such accidents can make a big difference if you find yourself in one. If so, consider consulting a lawyer to help with your personal injury claims.