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.

More information about Economic Damages

Cancer Misdiagnosis Lawyer

Cancer Misdiagnosis Lawyer If a doctor fails to diagnose a patient with cancer, the consequences can be life-threatening. Even a delayed diagnosis may be the difference between life and death.

If you or a family member have suffered because of a doctor’s incorrect or missed diagnosis of cancer, you may be entitled to pursue a medical malpractice lawsuit. A cancer misdiagnosis lawyer at Munley Law Personal Injury Attorneys will review the details of your situation, answer your questions, and help you determine what to do next. Our medical malpractice lawyers have recovered millions of dollars on behalf of individuals and families who have suffered due to medical negligence. We have consistently been named among the Best Lawyers in America, and we have earned the highest client satisfaction ratings possible. To speak with a cancer misdiagnosis lawyer now, fill out our email form, or call us. […]

Semi Truck Accidents

A semi truck accident can be a life-altering experience for both you and your family. You could be facing serious injuries that can take months if not years to recover from. Your family could suffer the financial burden of paying the medical expenses without the help of your income. In many cases, the injuries sustained in the accident may be fatal and your family will be left to pick up the pieces afterward. If you get into a trucking accident with a semi truck, do you know what your next steps should be?

For more than 60 years, the truck accident lawyers at Munley Law have represented drivers, passengers, pedestrians, and truck drivers who have been seriously hurt in accidents with semi trucks. If you or someone you love was hurt in a crash with a semi, you will need someone on your side to make sure the trucking company is held responsible. […]

Traumatic Brain Injury Lawyer

A traumatic brain injury (TBI) or head injury, occurs when an outside force hits the skull and causes brain damage or injury. An object may strike the head during a slip and fall, a motor vehicle accident, an assault, or a workplace accident.

Traumatic Brain Injury Lawyer

Head injuries range in severity from mild to moderate to severe.

Most brain injury victims suffer a mild injury, but for those with moderate to severe symptoms, the results can be catastrophic, leading to long-term disability and even death. For these victims and their families, it is imperative to contact a traumatic brain injury lawyer.

For over 60 years, Munley Law has represented personal injury victims. Call the traumatic head injury lawyers of Munley Law today for a no-obligation, free consultation.

What is the Average Settlement For a Traumatic Brain Injury Case?

The average settlement for a brain injury case depends on several factors, […]

Wrongful Death Attorneys

No amount of money can compensate for the loss of a loved one. But Munley Law’s wrongful death attorneys help ease the financial burden and bring a sense of closure by pursuing a wrongful death claim. When an accident or act of negligence causes a wrongful death, the liable party should be held accountable.

Munley Law has helped hundreds of families obtain justice. For 65 years, our wrongful death lawyers have fought for families and individuals who have lost a family member due to someone else’s wrongful action. The grief your family is facing is overwhelming, and Munley Law will legally support you throughout your claim. Contact us today for a free consultation to discuss your wrongful death lawsuit.

What Is a Wrongful Death?

Wrongful Death Attorneys

When an individual dies because of the negligence or misconduct of another party, a wrongful death action seeks to compensate surviving family members for the losses they are suffering. […]

Philadelphia Motorcycle Accident Lawyer

A Philadelphia motorcycle accident lawyer at Munley Law knows that collisions between motorcycles and larger vehicles often result in catastrophic injuries for riders. With only clothing and perhaps a helmet for protection, motorcyclists are completely vulnerable to the full force of impact in a crash involving cars, SUVs, or commercial vehicles.

The aftermath of an accident brings unique legal challenges. Without experienced legal representation, insurance companies may exploit these complexities, pressuring injured riders to accept settlements before seeking independent legal advice.

For 65 years, the motorcycle accident attorneys at Munley Law have successfully fought for riders’ rights. Our deep understanding of Pennsylvania traffic laws and insurance practices has helped us secure substantial client settlements and awards. Our professionalism is recognized by peers and many of our partners hold board certification from the National Board of Trial Advocacy.

Don’t let insurance companies undervalue your claim. […]