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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Cancer Misdiagnosis Claims in Stroudsburg, PA

If you or a loved one has suffered harm due to a cancer misdiagnosis or delayed cancer diagnosis in Stroudsburg, you might be facing serious, life-changing, even life-threatening consequences.

You might be enduring severe pain, missed work due to medical appointments or illness, or you may even be grieving the of a loved one due to a missed or delayed diagnosis.

Cancer Misdiagnosis Claims in Stroudsburg, PA

If a case of cancer misdiagnosis has caused suffering to you or a loved one, you may be entitled to financial compensation for medical .

cases in Pennsylvania are governed by specific time constraints, requiring claims to be filed within a certain period. Generally, you must initiate legal action within two years from the date of the injury or when the injury was reasonably discovered. Missing this deadline could result in losing your right to seek compensation for injuries or caused by medical negligence. […]

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Oklahoma Truck Accident Lawyer

Oklahoma Truck Accident Lawyers are instrumental in keeping the roads safe in Oklahoma, which is a major part of America’s transportation network.Oklahoma Truck Accident Lawyer

Oklahoma connects the East and West coasts, making it a critical state for commercial drivers. Major highways like Interstate 35, running north-south between Texas and Kansas, and Interstate 40, running east-west between Arkansas and Texas, are vital routes for trucks carrying goods across the country. Additionally, U.S. Route 69 runs through eastern Oklahoma, linking the state with Texas and Kansas.

Because Oklahoma is an important hub for transporting goods, truck drivers and companies must follow all road rules and restrictions. Experienced Oklahoma truck accident lawyers advocate for accident victims, making sure they get the help they need and working to keep the roads safer for everyone.

About Our Truck Accident Law Firm

Munley Law brings decades of experience handling truck crash cases, […]

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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 Attorney

For 65 years, Scranton medical malpractice lawyers have represented victims throughout Scranton in their 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 , call the Scranton medical malpractice attorneys of Munley Law to schedule a free consultation.

What a Scranton Medical Malpractice Lawyer Can Do for You

Scranton medical malpractice lawyer Caroline Munley

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

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 a Truck Accident Attorney in Scranton, PA

A Scranton truck accident lawyer investigating an accident scene 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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