As a motorcyclist, you may not know what tort reform is or how it applies to you. But if you are ever involved in an accident with a commercial vehicle or a company that was engaging in unsafe practices, or if your bike or equipment ever harms you because of shoddy manufacturing, tort reform could come into play.
Tort reform is supposedly intended to reduce or eliminate “frivolous lawsuits” and to keep costs pertaining to insurance, among other things, down. What tort reform actually does is put caps on punitive and pain and suffering damages.
While the idea of preventing lawsuits just looking for a payday seems worthwhile on the surface, in practice it significantly reduces the power of the consumer.
With tort reform, there is no way to financially punish a high-dollar business. Punitive damages are meant to punish the party in the wrong. A cap on such damages prevents large businesses from feeling any sort of punishment.
Faulty equipment that leads to an injury for you could do the same to someone else. The same can be said for a business’ unsafe practices.
As a motorcyclist, you are always one mistake away from a motorcycle accident. It can be your mistake, or someone else’s. If the mistake is made by a business, the cost of that mistake should be high enough to prevent it from happening again.
The Metier Law Firm, LLC – Denver accident lawyers