Concerns for Truckers

Posted by on Jan 12, 2015 in Personal Injury, Trucking | 0 comments

Getting the job done on time but having to wait from 30 to 60 days for payment from shippers and brokers can really be frustrating for trucking companies, especially those that rely heavily on continuous cash flow to keep their operations going. Sparing one’s trucking business from this situation is possible, though, but only through the seasoned and professional services of freight factoring companies, one of which is the highly regarded TBS Factoring.

Factoring services aim to unload the many burdensome issues off the shoulders of trucking firm employers, not just by ensuring them of fast and upfront cash that will help keep their business in the competition, but also by taking care of many other concerns, including legal, that can affect significant business opportunities. These services include: simple freight bill factoring solutions, various cash flow products designed to suit specific business needs, friendly personal service, freedom from time-consuming paperwork and office hassles, and rates that are fair and easy to understand.

One of the major benefits of a factoring service is the guarantee allowing an employer to concentrate more on, and further improve, business operations. This does not only mean completing jobs on time, but also making sure that each job is accomplished in utmost safety: a perfect benefit, without doubt, considering the fact that trucks often get involved in road accidents, causing severe injuries (and sometimes untimely death) to many innocent drivers and pedestrians.

By being able to concentrate more on properly managing the trucking business, employers and truck drivers can be spared from accident risks which only entail costly compensation due to damages. The Truck Accident Resource Center website, which is presented by law firm Williams Kherkher, says that truck accidents claim as many as 5,000 lives and injure close to 130,000 individuals in the US every year. Due to the enormous size of 18-wheelers, causing disabling injuries to victims is never an impossible consequence of a truck accident.

The bad news for truckers, however, is that the law allows victims to file claims lawsuits against liable trucking firms for all present and future damages that the injury will bring about. According to the website of Crowe & Mulvey, LLP, the compensation that victims are legally allowed to receive from liable parties ought to be enough to cover medical treatment and lost wages or loss of opportunity to be employed and earn.

While lots of settlements are made even before a tort lawsuit is filed in court, it will still be in the best interest of the victims and their families to seek the services of knowledgeable and experienced personal injury lawyers to make sure that they get the full amount of compensation allowed by law.

It is true that acquiring factoring services will lessen the actual worth of the job contract entered into by the trucking firm – the natural flow of business, nothing more. Truckers will realize in the long run that the benefits this freight factoring company offers and provides far outweigh the minimal cut in profit compared to the huge amounts of compensation that they will need to pay in the event of an accident.

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