How Much Can You Get From a Semi Truck Accident?

Following a serious semi truck accident, it’s important to know your rights and what amount of compensation you may be entitled to. Knowing how much you are entitled to recover is crucial for making informed decisions, and it is critical that you do not settle for less than you deserve. 

So, how much can you get from a semi truck accident in Arkansas? 

While it would be nice if this question had a straightforward answer, it doesn’t. In fact, determining how much you are entitled to recover after a semi truck accident is one of the most complicated aspects of assessing your legal rights. But, it is also one of the most important aspects, and you can feel confident that you are making informed decisions with an experienced lawyer on your side.

Documenting Your Losses After a Semi Truck Accident in Arkansas

Understanding how much you are entitled to recover after a semi truck accident starts with understanding the types of damages that are available. While everyone’s circumstances are unique, the types of damages that are generally available in semi truck accident cases include:

  • Loss of income
  • Medical expenses
  • Prescriptions and medical supplies
  • Other out-of-pocket costs 
  • Emotional trauma
  • Pain and suffering
  • Loss of consortium and companionship
  • Loss of enjoyment of life

Your losses in each of these categories are unique to you. For example, your loss of income will depend on your current wage or salary, how long you will be out of work, and various other factors. Likewise, the severity of your pain and suffering will be determined by the nature of your injuries and all of the various ways that they impact your day-to-day life. As a result, there truly is no “standard” compensation amount, and you will need to work with an experienced lawyer to ensure that you have a clear understanding of your losses.

To ensure that you are able to seek the full compensation you deserve, you will want to try to document your losses as thoroughly as possible. Your lawyer can help with this, but the more documentation you can keep, the better. For example, to assist your lawyer with calculating the value of your semi truck accident case, you should try to keep evidence such as:

  • Medical records, bills, and receipts (including receipts for prescriptions, medical supplies, and assistive devices)
  • Employment records (including pay stubs, tax returns, and documentation of any days you’ve missed from work)
  • Documentation of all of the ways your injuries impact your life (i.e., photos of your injuries and a “pain journal” where you document your daily pain levels and activities that you are unable to perform)

If you don’t have any of these, that’s okay. Again, your lawyer will be able to help. But, to ensure that you have the best chance of recovering maximum compensation, you should talk to a lawyer as soon as possible.

Calculating the Value of Your Arkansas Truck Accident Case

When you hire a lawyer to represent you, your lawyer will spend a significant amount of time calculating the value of your semi truck accident case. This is an extremely important part of the process, and your lawyer will need your help. You will need to work with your lawyer not only to add up the costs you have incurred to date, but also to understand the costs that you are likely to incur in the future.

There are three key steps involved in calculating the value of a semi truck accident case in Arkansas:

  • Calculating Your Financial Costs to Date – First, you and your lawyer will need to review your medical records, employment records, and other bills and receipts to determine how much the accident has already cost you out of pocket. 
  • Calculating Your Future Financial Costs – Next, your lawyer will need to work with your doctors (and perhaps other experts) to assess how much the semi truck accident is likely to cost you in the future. 
  • Determining the Value of Your Non-Financial Losses – Finally, your lawyer will need to use his or her experience to determine an appropriate amount of financial compensation to seek for your pain and suffering, emotional trauma, and other non-financial losses. 

Oliver Law Firm has helped numerous victims and families recover just compensation after semi truck accidents in Arkansas. As you can see from our results, we have been able to obtain substantial awards in many cases. Ultimately, however, the amount that you and your family are entitled to recover will depend on your unique circumstances.

Talk to an Arkansas Semi Truck Accident Lawyer for FREE

At Oliver Law Firm, we are committed to helping our clients pursue the maximum compensation they deserve after a semi truck accident. We know the tactics insurance companies use to delay and devalue claims, and we work hard to make sure you obtain the compensation you need to get back on track.

Contact Oliver Law Firm today online or at 479-202-5200 for a FREE case evaluation. We welcome clients from across Arkansas and throughout the United States from our office in Rogers, AR.