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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18 Wheeler Accident Lawyers
Every 16 minutes, a person is killed or injured in a truck accident. Eighteen-wheelers, in particular, injure more than 90,000 people every year, and in 2023 alone, an estimated 5,078 people died in 18-wheeler accidents. For the last 10 years, fatal large truck accidents have risen while the trucking industry continues to call for relaxed safety regulations.
If you or your loved one has been injured or killed in an accident with an 18-wheeler, get help from an experienced 18-wheeler accident lawyer. Call one of the nation’s leading truck accident lawyers at Munley Law today for a free case review.
Our law firm is dedicated to helping victims of all types of truck accidents, including 18-wheeler commercial vehicles. We have spent years fighting against trucking companies and winning cases for victims of truck accidents, just like you. We have the experience and resources to take on these companies and want to put that work in to help you. […]
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Scranton Medical Malpractice Lawyer
For 65 years, Scranton medical malpractice lawyer have represented victims throughout Scranton in their medical malpractice claims. We hold negligent medical professionals accountable and get you the compensation you need to recover from your injuries.
If you or a loved one were a victim of medical malpractice, call the Scranton medical malpractice attorneys of Munley Law to schedule a free consultation.
What a Scranton Medical Negligence Lawyer Can Do for You
Studies suggest that one in three medical providers will be sued for medical malpractice at some point in their careers. We often think that these cases involve very rare, complex scenarios, but the reality is that they can be as simple as incorrect prescription dosage or a bad diagnosis.
While this may seem unsettling for medical professionals, as a patient, it’s even more concerning knowing that these avoidable mistakes happen with an alarming frequency. […]
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Scranton Truck Accident Lawyer
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 a Truck Accident Attorney in Scranton, PA
A 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 the trucking accident to protect your rights, […]
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Harrisburg Product Liability Lawyer
Consumers have the right to expect the products they buy with their hard-earned money are safe and reliable. When a defective product causes an injury (and in many cases, a catastrophic injury) the results can be devastating. In these cases, the injured person may have a valid products liability claim against the product manufacturer, distributor, or retailer responsible for putting the dangerous product on the market.
If you or a loved one were injured by a dangerous product, call the Harrisburg products liability lawyers at Munley Law today. During a free initial consultation, our defective product attorneys will breakdown what your product liability case will look like and outline our legal strategy to secure a settlement or verdict in your favor.
What Is a Product Liability Claim?
A product liability claim is a legal action taken against any or all parties along the chain of manufacture of any product for damage caused by the product. […]
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Allentown Product Liability Lawyer
When product manufacturers put profit before safety, they need to be held accountable for injuries that occur when their products cause harm. If you suffered a serious injury from an unsafe product, dangerous drug, or defective device, you will need a skilled Allentown product liability lawyer at Munley Law to help ensure that you receive proper compensation.
Why You Need a Product Liability Lawyer in Allentown, PA
If you suffer an injury from an unsafe product, you may be able to take legal action to get compensation for your suffering and related costs. Defective product cases are highly complex and can be difficult to navigate. The success of your case will depend heavily upon the skill and experience of the product liability lawyers handling the case.
The Allentown product liability attorneys at Munley Law have handled defective product cases involving everything from defective auto parts to prescription drugs to heavy construction equipment. […]
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