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Trucking Companies That Are Self-Insured

It can be bad enough dealing with the harassing and sometimes intimidating tactics that insurance adjusters employ. Again, they will constantly call you and try to trick you into admitting you were completely responsible for the flatbed trailer accident, or to admit that you really aren’t hurt that badly. But dealing with a representative of a self-insured trucking company can be even worse if you don’t have a seasoned flatbed trailer accident attorney by your side protecting your rights. More about Truck Accident Attorneys Laredo here
Trucking companies, by law, are required to carry insurance on their trucks. But rather than pay the often exorbitant rates necessary to carry insurance through a traditional provider, some trucking companies opt to insure themselves. They do so by putting aside a portion of their revenues to protect them from lawsuits when an accident takes place. Of course, this is perfectly legal.

If you are involved in an accident with a truck that is owned by a self-insured trucking company, you will probably encounter a company officer and not a professional insurance adjuster. That officer is probably part of his or her company’s profit-sharing plan. If the trucking company loses the case, then its profits are reduced. Therefore, that officer will be personally losing money if his or her company loses its case. So you can see the motivation that the officer will have to make sure your claim is denied, or that you win as little money as possible. Also, these officers are not licensed as are insurance adjusters, who have to adhere to a code of ethics in order to maintain that license. Self-insured trucking company officers, however, are under no such obligation. Therefore, while an adjuster can be aggressive, a self-insured trucking company officer can be downright harassing. Some officers are not above tampering with evidence or threatening accident witnesses, and even injury victims. The flatbed trailer accident attorneys with our Law Offices know how to put an abrupt end to those underhanded tactics, and we know how to protect our clients from the harassment of self-insured trucking company officers.