This post-crash scene, following an accident the small trucking company and operator shared no fault in, nonetheless resulted in a $6 million suit and a settlement with injured parties that equated to the company's $1 million insurance liability policy limit. It's emblematic of dynamics all around the nation as high-profile 'nuclear' post-crash verdicts incentivize aggressively litigious tactics by attorneys, medical providers and injured parties.
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A closer look at insurance unique to power-only trucking
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The pervasive impact of nuclear-verdicts hype, threat
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Have a particular insurance-related question for the author of this story, insurance agent/longtime owner-operator W. Joel Baker? Drop a comment with any question under the story or get in touch with Baker directly via his website.
A closer look at insurance unique to power-only trucking
Insurance companies' policy and claims rules differ when it comes to the two types of insurance to cover trailers pulled power-only: so-called 'trailer interchange' and 'non-owned trailer' coverages. What you need will depend on operations particulars.
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