Economic Damages

What are Economic Damages?

Economic Damages is a term that encompasses any kind of financial loss that an injury victim has incurred due to an accident. They are damages that can hypothetically be measured at an exact dollar amount. Because of this, they are more objectively-measured than non-economic damages. They can include medical expenses, loss of income, and funeral expenses among other monetary costs. Economic damages are also known as pecuniary damages. 

Quantifying the level of economic damages incurred after an accident impacts the damages that may be received by a plaintiff in a lawsuit. A plaintiff being able to recover from financial losses and become whole again following a defendant’s negligence is considered a function of the justice system. Because economic damages need to be objectively measured, much evidence needs to be provided for accuracy.

According to the American Bar Association (ABA), many states follow the Economic Loss Doctrine, which holds victims from recovery when “the negligence of others results in purely economic loss.” That is to say that in many cases, something like injury or distress needs to be proven in order for a victim to recover damages. In concept, this is to prevent plaintiffs from seeking recovery that is greater than necessary.

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Distracted Driving Accidents in Stroudsburg, PA

If you were involved in a accident in Stroudsburg, it can be challenging to get compensation for your injuries. It’s always a good idea to speak with an experienced Stroudsburg distracted driving accident lawyer at Munley Law to learn your legal options. We offer free consultations and work on a contingency basis, so you won’t have to worry about paying a fee until the case is settled. Contact our Stroudsburg car accident lawyers today to start your claim.

How a Distracted Driving Accident Lawyer in Stroudsburg Can Help

Distracted driving accidents in StroudsburgA Stroudsburg lawyer can gather evidence, hire expert witnesses, negotiate with the insurance company, and protect your rights in the courtroom. Proving that a driver’s distraction caused an accident can be difficult. How do you prove that a driver was reaching for a piece of gum that fell between the seats? […]

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Stroudsburg Workers Compensation Lawyer

A Stroudsburg workers compensation lawyer can help anyone injured while on the job in Stroudsburg. Monroe County workers have the right to receive compensation for a workplace accident. Unfortunately, this does not always happen. Workers often face obstacles to getting the benefits they deserve. Knowing your next steps following a workplace injury can be challenging with the complex workers’ compensation system.

Serving the Stroudsburg community for 65 years, Munley Law has earned our clients’ trust and our peers’ respect. Our board-certified Stroudsburg workers comp attorneys can help you get your benefits following a workplace accident. Contact our Stroudsburg office to schedule a free consultation. We do not collect a fee for our services unless we recover your benefits.

Types of Workers Compensation Benefits in Stroudsburg

Stroudsburg Workers' Compensation AttorneysAccording to the Pennsylvania Workers Compensation Act, workman’s compensation benefits are meant to pay any expenses related to your work injury. […]

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Chester Personal Injury Lawyer

When accidents shatter lives, the Chester personal injury lawyers at Munley Law fight to make things right. The physical and emotional toll of an injury can be devastating – mounting medical bills, lost wages, and overwhelming stress take their toll on you and your loved ones. Our accident attorneys bring decades of proven experience and a fierce family legacy of advocating for the injured in Chester and throughout Delaware County. We don’t just handle cases – we get life-changing results and the maximum compensation you deserve when someone else’s negligence causes you harm.

What Sets Our Personal Injury Attorneys Apart in Chester, PA

Chester Personal Injury LawyersWhen choosing an injury lawyer, you need someone who understands your challenges and is willing to fight for you. At Munley Law, we’ve spent generations helping accident victims get the justice they deserve. Our attorneys are board-certified trial lawyers who know how to take on tough cases and fight for our clients every step of the way. […]

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Scranton Truck Accident Lawyer

A team of truck accident lawyers working on a Williamsport truck accident case.

For 65 years, the Scranton truck accident lawyers at Munley Law have been helping truck accident victims in Scranton, PA. Our team includes three board-certified truck accident attorneys who understand the complexities of these cases and the challenges you face.

Don’t navigate this difficult time alone. Our knowledgeable lawyers will guide you through the legal process, ensuring your rights are protected and fighting for the compensation you deserve. Time is critical in accident cases. Contact Munley Law today for a free consultation. Let us put our expertise to work for you.

Hiring Munley Law As Your Truck Accident Attorney in Scranton, PA

A Scranton truck accident lawyer investigating an accident scene in Scranton, PAA truck accident lawyer focuses on helping injury victims obtain compensation from various parties responsible for the victim’s losses, including the truck driver, trucking company, and third-party brokers. It is important to hire a truck accident attorney promptly after an accident to protect your rights, […]

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Chester Product Liability Lawyer

Chester product liability lawyers work with individuals harmed by defective or unreasonably dangerous products, helping them seek compensation for their injuries and losses. At Munley Law, our experienced defective product attorneys understand the complex nature of these cases and their significant impact on victims and their families. When manufacturers, distributors, or retailers put unsafe products into the marketplace, they must be held responsible for the harm these items cause. Our attorneys have a proven track record of successfully representing injured clients against large corporations and insurance companies, securing the compensation they deserve for medical expenses, lost wages, and other damages.

If you or a loved one has been injured by a defective product in Chester, Pennsylvania, contact Munley Law today for a free consultation. Our dedicated Chester personal injury law team is ready to review your case and help you understand your legal options.

Product Liability Law in Chester, […]

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