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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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 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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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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Norristown Personal Injury Lawyer
At Munley Law, our Norristown personal injury lawyers have been helping injured people throughout Pennsylvania for over 60 years. Our knowledge, skills, reputation, and vast resources make us one of the nation’s top personal injury law firms. If you have suffered harm because of someone else’s negligence, let us help you secure justice. The process begins with a free, no-obligation consultation with one of our attorneys. Call or chat live with us today to schedule a free consultation.
Types of Personal Injury Cases We Handle in Norristown, PA
To maximize your claim’s chances of success, you’ll want to find a lawyer with experience handling cases like yours. Choosing a law firm that specializes in personal injury and has experience with your particular case type is important. These are some types of personal injury cases we have experience with at Munley Law.
Norristown Truck Accidents
Of all the many types of personal injury cases, […]
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Pittsburgh Personal Injury Lawyers
A serious accident can upend your entire life. You shouldn’t have to navigate this experience alone. A Pittsburgh personal injury lawyer can help you and your family get the justice and the compensation you need.
We are plaintiffs’ lawyers who exclusively handle serious personal injury cases. When it matters most, you need a personal injury firm you can trust. No injury firm in Pittsburgh is more qualified to protect your rights. Call today for a free consultation.
Types of Pittsburgh Personal Injury Case We Handle
Every injury matter is unique. Speaking with a seasoned personal injury attorney will help accident victims start the process toward receiving the compensation you are legally entitled to for your injuries. We will assess your circumstances, respond to any inquiries you might have, and assist you in deciding what further to do. […]
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Pennsylvania Personal Injury Lawyer
The Pennsylvania personal injury lawyers at Munley Law understand the physical, emotional, and financial toll that personal injuries can take on victims and their families. For the past 65 years, our accident lawyers have been fighting for the injured at a time when they need help the most. We believe in the power of justice and work tirelessly to ensure our clients receive the compensation they deserve. Whether you’re dealing with a truck or car accident, a work injury, or a medical malpractice claim, our Pennsylvania personal injury attorneys are here to help. Contact Munley Law today for a free consultation, and let us put our expertise to work for you. There is no fee until we win your case.
Why You Need to Hire a Personal Injury Attorney in Pennsylvania
The importance of hiring a Pennsylvania personal injury lawyer cannot be overstated. […]
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