Trucking Accident Lawsuit Funding

Trucking injury litigation can be contentious and include costly technical and scientific inquiries. And after reaching a settlement, it can take many months, or even years, before you actually receive your legal fee.

Post-settlement funding, also known as our Fee Acceleration program, is a cash flow solution for attorneys waiting on slow-paying legal fees. Convert your settled fees into immediate working capital by calling RD Legal Funding at 1-800-565-5177 and speaking with a legal funding specialist. Or fill out the brief form to your right to begin the application process.

Trucking Accident Information

When 80,000 pounds of steel comes barreling down the road towards you, get out of the way. There are around 500,000 trucking accidents every year in the United States involving a collision with a large trailer (over 10,000 pounds) and other vehicles or pedestrians, according to The U.S. Department of Transportation Federal Motor Carrier Safety Administration (FMCSA). One out of every eight traffic fatalities— an estimated 5,000 per year — involves a trucking crash. In these accidents, 98 percent of fatalities occur to the people in the cars.

The majority — 68 percent — of trucking accidents happen in rural areas, during the day as opposed to the night. The FMCSA’s Large Truck Crash Causation Study studied data through 2006 and found the most common reasons for trucking accidents are:

  • Driver fatigue: Estimates of fatigue induced accidents range from 13 to 40%
  • Alcohol and drug violations: Prescription drugs or illicit drugs were involved in 26% of crashes. Over the counter medications contributed to 18%
  • Speeding: 23%
  • Lack of familiarity with the roads: 22%
  • Driver error: 14%: failure to check blind spots properly contributed to an accident; 9%: failure to use a turn signal; 7%: drivers who underestimated the level of evasive actions required to evade crashes
  • Road rage or aggressive driving: 7% can be attributed to belligerent driving behaviors including aggressive tailgating or deliberately obstructing or cutting off another driver

Trucking accidents were also the result of drivers violating their hours of service requirements and/or being improperly trained or supervised. Faulty equipment or equipment failure was also significant. Dangerous conditions also resulted from loads that exceeded legal weight limits or were incorrectly balanced.

Due to their nature, accidents involving trucks often result in horrific damages including deaths and catastrophic injuries. Trucking accident settlements can be in the six figures, however the cases are complex and impacted by both state and federal laws. As well as the truck, tractor, or trailer’s insurance, parties that can be held liable include the truck’s driver and the owner of the truck, tractor, or trucking company and the owner of the trailer if different. The manufacturer of the truck and truck parts can be involved. The shipper or loader of the truck may share responsibility as well as the owner of any property that contributed to the accident.

Convert Your Trucking Accident Legal Fees into Cash

Get help now with liquidity issues. RD Legal Funding is standing by to provide you with a post-settlement advance. Get started today by filling out the brief form at the top of this page. Or call RD Legal at 1-800-565-5177 to speak with a legal fee financing expert.

 


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