Of the unseen effects of car accidents, whiplash is among the most common. Whiplash is the term applied to injuries to the cervical vertebrae (the seven vertebrae closest to the skull in humans) that occur as a result of hyperextending the neck. It is seen most often after car accidents, but can arise from other quick, unexpected jolts to the neck as as well.
When a car is struck from behind, the resulting force pulls its passengers’ skulls back, and then snaps them forward, similar to the cracking of a whip.
The resulting damage to the neck muscles and vertebrae can be severe. Some symptoms of a whiplash injury include:
Whiplash injuries can sometimes lie dormant for periods of weeks or months, making it difficult to pinpoint exactly when and how they occurred. There is no single definite treatment for whiplash, but pain medications and physical therapy can be helpful.
Because of the serious potential for significant injuries, the first thought that comes to mind when considering a car accident is to wonder if anyone is physically hurt. If the accident is serious enough, after all, the likelihood of serious physical injuries, or even death, is fairly high. According to the website of Pohl & Berk, LLP, too few people consider the emotional and psychological trauma that can also result from car accidents.
Pain and suffering
This can be the basis for both actual and punitive damages in personal injury cases levied on those whose negligence or recklessness brought about the car accident. The effects of pain and suffering cannot be seen, measured, or submitted into evidence, and some of them only appear in subtle ways, or years after the event. But they can nonetheless be as real and as devastating as broken bones.
Post traumatic stress disorder (PTSD) is the umbrella term used for the psychological and emotional damage one sustains in a violent or traumatic incident, such as a car accident. One of the most common PTSD symptoms is anxiety. An accident bring a person face to face with the fragility of life, and many people can’t handle losing the feeling of safety they previously had.
As a result, some find themselves unable to enter or drive a car. Others relive the accident over and over again through nightmares, affecting sleep, work, and relationships.
In accidents where one or more people died, some people experience what is known as survivor’s guilt, another form of PTSD where the patient experiences a sense of worthlessness and accountability for the lost lives. Without proper treatment, these symptoms of PTSD can permanently impair a person’s ability to function normally. It is up to car accident attorneys to ensure that the costs associated with recuperating, coping, and treating these unseen effects of car accidents will be shouldered by the person or persons whose negligence or carelessness caused the accident in the first place.
The health of any business, and in particular small to medium ones, can be made or broken by cash flow. No matter how well the business is doing on paper, when payments don’t come in when needed to keep the wheels turning, the business may be in trouble. This is especially true for the trucking and freight industry, where a lot of small operators with one or two trucks are the backbone. When payment terms are 30 to 60 days, it can become a real problem. This is where truck factoring comes in.
What is truck factoring?
Simply put, truck factoring is when business owners trade their accounts receivable (i.e. invoices for trucking contracts) for an advance of 97% or so of the total amount to a financing company. It is similar to rediscounting, but the charges are much smaller. Truck factoring companies will charge as little as 1%, or as much as 3%, of the total amount as a handling fee, and will undertake the collection of the account receivable.
How does this help with cash flow?
Ideally, a trucking company will have sufficient cash flow that it can wait for its accounts receivable to become due. But if this is not the case, truck factoring ensures that the truck business owner has the funds to keep the business going even if their contracts have 30 to 60 day payment terms. After all, overhead expenses come in daily, and owners can’t afford to keep their trucks idle while they wait for payments to come in to fund daily operations.
Truck factoring is miles ahead of any other type of financial assistance for business owners because the processing time is short and the charges much smaller. Initially, the truck factoring service will advance 90% of the total amount due, keeping the 10% in escrow until a successful collection. The truck owner will then get the remaining money due less the service charges of the truck factoring company. It is the best way to keep the cash flowing in the right direction.