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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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. […]
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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. […]
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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. […]
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Pittsburgh Brain Injury Lawyer
If you or someone you love suffered a traumatic brain injury in Pittsburgh, contact a Pittsburgh brain injury lawyer with experience handling complex brain injury cases. Nothing is more serious than a serious brain injury. According to the Centers for Disease Control and Prevention (CDC), Traumatic Brain Injury (TBI) is a leading cause of injury and death in the United States. BrainLine reports that TBI contributes to about 30% of U.S. deaths each year. Alarmingly, the number of annual TBI cases is rising. The CDC’s TBI Report shows 3 million emergency room visits for brain injuries each year, including almost 840,000 children. Likewise, the CDC reports that TBI contributes to the wrongful death of over 50,000 Americans each year. Sadly, over 2,500 of those 50,000 are children. If you or a loved one suffered a serious brain injury, you deserve justice. You deserve a Pittsburgh brain injury lawyer who will fight for you. […]
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California Truck Accident Lawyer
The trucking industry is vital to California’s economy. It ensures fresh food gets to grocery stores, delivers parts to factories, and more. It generates billions in revenue each year by moving goods like food, fuel, electronics, furniture, and clothing.
Given the high volume of trucks on California’s roads, like I-5, I-10 and I-80, accidents are inevitable due to the increased traffic and the inherent risks associated with large commercial vehicles. If you’ve been in a truck accident, an experienced California truck lawyer can help you get the compensation you need.
We are Award-Winning Trucking Accident Attorneys
Our award-winning trucking accident attorneys are dedicated to providing exceptional legal representation to truck drivers in California. At Munley Law Personal Injury Attorneys, our law firm is recognized for its experience, expertise, and success in handling trucking accident cases nationally.
Munley Law Personal Injury Attorneys has been consistently recognized for excellence in legal practice. […]
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