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.

More information about Economic Damages

Medical Malpractice Attorney

truck accident lawyer marion munley and truck accident attorney dan munley

We trust medical professionals to make the right choices for our medical care. But when errors occur in diagnosing, treating, or monitoring a patient, the results can be catastrophic and even fatal. The medical malpractice lawyers of Munley Law understand how devastating a negligent medical error can be and the long-term implications it can have on your family.

For 65 years, the personal injury lawyers of Munley Law have represented injured victims of negligent medical practices. We can handle negotiations with insurance companies or take your case to court with a medical malpractice lawsuit. Call the medical malpractice attorneys of Munley Law today for a no-obligation, free consultation.Medical Malpractice Lawyer

What Is Medical Malpractice?

The National Library of Medicine defines medical malpractice as “any act or omission by a physician during treatment of a patient that deviates from accepted norms of practice in the medical community and causes an injury to the patient.” […]

Read More

More information about Economic Damages

East Stroudsburg Car Accident Lawyer

If you or a loved one have been involved in an accident in East Stroudsburg, PA, due to someone else’s negligence, you should consult an East Stroudsburg car accident lawyer to ensure your compensation claim is headed in the right direction. Calling an East Stroudsburg car accident lawyer as soon as possible is in your best interest. Experienced car accident attorneys have the resources and personal injury law team to secure evidence quickly (so that it remains intact), leaving no stone unturned.

How Will a Car Accident Attorney in East Stroudsburg Help My Injury Case?

East Stroudsburg Car Accident Lawyer

The East Stroudsburg car accident lawyers at Munley Law have the resources and experience to steer your compensation claim for success, including:

  • Investigators, police, and professional reconstructionists help investigate the car wreck
  • Cell phone records are reviewed
  • Photos and surveillance videos are secured
  • Witness statements are collected
  • Expert testimonies are secured
  • Negotiations and communications with insurance companies are managed
  • An accident report is filed within two days of the accident (mandatory)
  • Free case evaluation, […]

Read More

More information about Economic Damages

Bethlehem Spinal Cord Injury Lawyer

Spinal cord injuries can make you instantly feel vulnerable physically, mentally, emotionally, and financially. You need an experienced lawyer with a successful track record, exceptional resources, and the scope to get you the maximum compensation that you are entitled to: you need the Bethlehem spinal cord injury lawyers at Munley Law Personal Injury Attorneys.

If you, or a loved one, have a spinal cord injury due to someone else’s negligence, navigating how to get support and compensation during this extremely difficult time can be overwhelming. Time is of the essence. Contact our Bethlehem spinal cord lawyers today via chat, email, or phone to schedule a free case evaluation.

What Is A Spinal Cord Injury (SCI)?

Spinal cord injuries can present themselves in various ways, depending on where the injury is. A spinal cord injury occurs when damage creates a loss of motor function and/or feeling or sensation. […]

Read More

More information about Economic Damages

York Wrongful Death Lawyer

Losing a loved one unexpectedly is a heart-wrenching experience, filled with emotional turmoil and unexpected challenges. Wrongful death cases add to this distress, intertwining grief with complex legal processes and the quest for justice. These cases often involve intricate legalities that demand a comprehensive understanding of the local York, PA laws. During such emotionally taxing times, it’s paramount to seek a guiding hand in navigating these legal mazes.

This is where Munley Law Personal Injury Attorneys step in. With a strong reputation in the York community, our seasoned team is uniquely positioned to offer expert legal representation, ensuring that justice is served. We encourage you to entrust your case with our law firm of Munley Law Personal Injury Attorneys – because when it comes to personal injury cases in York, we stand unmatched in experience and dedication. Don’t navigate this journey alone; let us be your beacon during these challenging times. […]

Read More

More information about Economic Damages

Wyoming Truck Accident Lawyer

Commercial trucks often travel on Wyoming’s highways, especially Interstate 80, a major route for moving goods across the country. These trucks cover long distances daily, enabling businesses to receive supplies and ship products efficiently, Wyoming Truck Accident Lawyersupporting local and national economies. However, the high volume of truck traffic increases the likelihood of crashes.

If you or a loved one has been injured in a Wyoming truck accident, consider contacting an expert truck accident lawyer for legal advice during this difficult time.

What Are the Most Common Causes of Trucking Accidents in Wyoming?

Trucking accidents are common along Wyoming’s highways, and its terrain and unpredictable weather make it challenging for truckers. High winds can topple trucks, and steep mountain passes slow them down. Sharing the road with large trucks adds significant risk, especially during harsh conditions.

Truck crashes in Wyoming can result in significant damage and serious injuries or fatalities. […]

Read More
Search
Categories
Archives
LCA
PA Bar Association
top 100
Super Lawyers
Best law firms
best lawyers
top 1% of trial lawyers
av
Irish Legal
BBB Accreditation Badge The information contained on this website does not create an attorney-client relationship nor should any information be considered legal advice as it is intended to provide general information only. Prior case results do not guarantee a similar outcome.
855-866-5529
Back to Top