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
How Can You Know If You Have a Concussion?
Traumatic brain injuries, including concussions, are different from other injuries. A broken arm, a bad cut, and even a severe burn are visible. What makes head injuries so scary is that they aren’t visible to the naked eye. Therefore, they are more challenging to diagnose.
If you have signs of concussion, it’s important to seek medical care as soon as possible. If symptoms worsen, this can lead to a more severe traumatic brain injury, which can be life-altering and deadly
If you suffered a concussion because of the negligence of another person, call the Munley Law personal injury lawyers today for a free consultation. Our traumatic brain injury attorneys will protect your rights and secure compensation for your losses.
What Is a Concussion?
A concussion is a subset of the neurological injuries known as traumatic brain injuries (TBIs). […]
Read MoreMore information about Economic Damages
What Damages Can I Collect for a Car Accident?
Unfortunately, car accidents happen every day on roads across America. If you’ve been injured in a car accident, you may be wondering “what damages can I collect for a car accident?”
There are a few different types of damages you may need to recover from after a car accident. You may have physical damage to your car that needs to repaired. Or maybe your car accident resulted in serious injuries that will cause pain and suffering as well as lost wages.
If want to give yourself the best possible outcome to recover damages, you need an experienced car accident lawyer by your side. At Munley Law Personal Injury Attorneys, our car accident lawyers have been helping injured car accident victims for 65 years.
If you or someone you love has been injured in a car accident and wants to know “what damages can I collect for a car accident?”, […]
Read MoreMore information about Economic Damages
Michigan Truck Accident Lawyer
As Michigan’s economy grows, trucking will play a crucial role in our transportation system. The state’s vast network includes major interstates like I-75, I-94, and I-96, essential for moving products within and beyond Michigan.
Unfortunately, busy roads mean truck accidents happen. When they do, it’s important to have a law firm specializing in large trucking accident cases, like the Munley Law truck accident lawyers, to help those affected by these life-changing events.
Michigan Truck Accident Attorneys
Due to the size and weight of the vehicles, these commercial truck accidents often result in severe injuries and considerable property damage. Michigan attorneys specializing in truck accidents have a deep grasp of the complex laws and regulations that specifically govern the trucking industry, including both federal and state safety standards.
When a truck accident happens, the personal injury lawyer’s role is to determine who is responsible. […]
Read MoreMore information about Economic Damages
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, […]
Read MoreMore information about Economic Damages
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. […]
Read More
