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How much insurance must be carried for truck accidents?

How much insurance must be carried for truck accidents? On Behalf of Bradley, Drendel & Jeanney • Jun 08, 2017 Most Nevada drivers are probably aware that the law requires them to carry insurance coverage for their vehicles. That is, they are not allowed to drive on the public streets unless they can show they have at least, a minimum amount of automobile liability insurance. There is good reason for this: the cost to individuals involved in automobile accidents can be great, and when no one is able to pay that cost, it is passed on to society at large. Mandatory insurance ensures that even if someone cannot pay for injuries from an accident he or she caused, insurance will pay, and the risk will be spread among the pool of the insured. It should not surprise Nevada residents then, trucking companies must also provide insurance for their vehicles. In fact, due to their large size and weight, and the potential that they have for causing even more catastrophic damage than passenger cars, it would make sense that the requirements for insurance coverage are higher than those for drivers of personal vehicles. The Federal Code of Regulations sets out the minimum amount of coverage those operating commercial trucks must carry. We will focus here on those vehicles carrying goods, as common carriers transporting people are covered by a different regulation. The federal government requires that companies operating a truck carrying non-hazardous goods carry at least $750,000 of financial responsibility. Those carrying oil and a few other specific substances must carry at least $1,000,000. And, companies that transport things classified as hazardous materials must have at least $5,000,000. As can be seen, the amounts of insurance carried by commercial carriers are generally quite a bit above those carried by other drivers. But, this seems right, considering that those involved in truck accidents can generally expect to have heavy medical and recuperative costs, not to mentione missed work and other economic damages, as well as pain and suffering.

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How Do You Prove Negligence After an Oilfield or Refinery Explosion?

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How Long Do You Have to File a Personal Injury Claim in Nevada?

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How Much Is My Car Accident Claim Worth in Nevada?

After a crash in Reno, NV, you have the right to get compensation for your losses and damages from anyone who was at fault. Many people start this process by asking "how much is my car accident claim worth,” but it's not possible to put a number on your case without knowing the details. Talk to a lawyer as soon as you can, and keep reading to learn about the main elements that will shape the number. How Much Is My Car Accident Claim Worth in Reno, NV? The value of your claim is going to depend heavily on several factors, the four most important of which are: Liability Total damages Comparative negligence Skill and experience of your lawyer 1. Liability Liability is determined by who was negligent. Negligence happens when someone doesn't act the way a reasonable person in that situation would to protect themselves or others. In car wrecks, liability often comes down to asking, "Who failed to perform their duty towards other road users by failing to follow the laws or acting unreasonably?” If you can show someone was speeding, ran a red light, was driving distracted, or similar, you can usually hold them liable. 2. Total Damages Your damages break down into two categories: economic and non-economic. Economic These are the concrete financial losses, like medical expenses, lost wages from missed work, lost earning capacity if you can't return to the same job or hours because of your injuries, and property damage. These are the foundation of your claim. Non-Economic Pain and suffering, emotional distress, loss of enjoyment of life, and any lasting changes to your daily activities or relationships belong in this group. There is no fixed formula that automatically applies for calculating these. It all depends on the severity of your injury, how long recovery takes, whether the effects are permanent, and how the injury has altered your normal routine. It also depends on your attorney: a good attorney will know how to calculate this fairly and argue for it effectively. 3. Comparative Negligence Nevada uses the 50% comparative negligence rule, and that can affect your claim. So long as you're not more than 50% at fault, you can claim compensation, but your claim will get reduced by the same amount as your fault. So if you're found to be 15% at fault and are owed $23,000 in compensation, you'd end up with about $19,550. It's very important to have a lawyer if you have some fault in the incident, as your lawyer can make sure you're protected from any attempt to call you more at fault than you are. 4. Your Lawyer It matters whether your lawyer is experienced in personal injury cases and skilled at: Gathering evidence and putting it together clearly and effectively Negotiating with insurers and understanding their tactics for minimizing claims Dealing with the red tape of the Nevada legal system Arguing and winning in court, if needed To get the help your claim needs, visit Bradley Drendel & Jeanney in Reno, NV now or call us at 775-335-9999 for a free consultation. We've been protecting Nevada personal injury victims for over 70 years.