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
New York Truck Accident Lawyers
Truck accidents can be devastating, leading to severe injuries, significant property damage, and life-altering consequences. At Munley Law, we understand the physical, emotional, and financial toll these accidents can take on survivors and their families. Our team of experienced New York truck accident lawyers is dedicated to helping guide you through the personal injury law system to secure the fair compensation you deserve.
If you or a loved one has been injured in a truck accident or lost a family member to a wrongful death, you don’t have to face the aftermath alone. Contact the New York truck accident lawyer at Munley Law today for a free consultation and let us help you on the path to recovery.
Why Truck Crash Survivors Trust Munley Law Personal Injury Attorneys
Not all personal injury law firms have what it takes to handle a serious truck accident successfully. […]
Read MoreMore information about Economic Damages
Easton Personal Injury Lawyer
Have you or a loved one been involved in an accident that resulted in catastrophic injuries? An Easton personal injury lawyer from Munley Law can help.
If you’ve been injured due to someone else’s negligence in the Lehigh Valley, an Easton personal injury lawyer can help you navigate the legal process and fight for the compensation you deserve. With their expertise and dedication, they can guide you through this challenging time, ensuring your rights are protected and you receive the support you need to recover.
Call the Easton personal injury lawyers of Munley Law today for a no-obligation free consultation.
What Does a Personal Injury Lawyer Do in Easton, PA?
A personal injury lawyer assists individuals injured due to someone else’s negligence, ensuring they receive the compensation they deserve. Their role encompasses a variety of tasks, starting with a thorough investigation of the incident. […]
More information about Economic Damages
Florida Truck Accident Lawyers
Florida’s truck route network is a vital system that supports the state’s logistics and transportation needs. It includes
major highways like I-95, I-75, I-4, and I-10, which are essential for long-haul trucking in the trucking industry. Key US highways such as US-1, US-27, and US-98 provide important connections between cities, while state roads ensure comprehensive coverage.
With the number of commercial vehicles on Florida roads, it’s no surprise that accidents do and will continue to happen. Florida’s busy highways see significant commercial traffic, including delivery trucks, freight carriers, and other large vehicles. Unfortunately, this also means a higher likelihood of large truck-related accidents, which can result in severe injuries and fatalities due to the size and weight of these vehicles.
When a truck accident occurs, it’s not just about dealing with the immediate aftermath—such as medical treatment and vehicle repairs—but also about understanding the regulations and liabilities. […]
Read MoreMore information about Economic Damages
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
According to the Pennsylvania Workers Compensation Act, workman’s compensation benefits are meant to pay any expenses related to your work injury. […]
More information about Economic Damages
Cancer Misdiagnosis Claims in Scranton, PA
Cancer misdiagnoses, such as breast cancer, lung cancer, or colon cancer, can have severe consequences, including delayed or inappropriate treatment, reduced survival rates, increased medical costs, and even wrongful death.
Therefore, patients and healthcare providers must be vigilant to ensure accurate diagnosis and treatment planning.
If you or a loved one has been harmed by the result of a missed diagnosis or wrong diagnosis, you might have a medical malpractice lawsuit. Talk to an experienced Scranton medical malpractice attorney at Munley Law today.
How Does Cancer Misdiagnosis in Scranton Happen?
According to the Centers for Disease Control and Prevention (CDC), cancer has been one of the top two leading causes of death in Americans for the last 75 years. According to a report released by the American Cancer Society, approximately 2 million new cases were diagnosed in 2022 alone — […]
Read More
