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
Pittsburgh Bus Accident Lawyer
Were You Involved in a Bus Accident in Pittsburgh? Let Munley Law Help
Travel by bus is a popular and widely used mode of transportation throughout the country. Buses offer several advantages, including affordability, accessibility, and the environmentally friendly ability to carry a large number of passengers all at once.
Despite the benefits, as with all vehicles, buses are not immune to accidents. Furthermore, due to their size and the potential number of people traveling on a bus, the consequences of a bus accident can be devastating.
If you or a loved one sustained injuries in a bus accident in Pittsburgh, call our experienced bus accident attorneys at Munley Laws Pittsburgh Personal Injury Attorneys to discuss your options. Our team of bus injury lawyers possesses significant expertise in handling bus accident cases, and we have successfully represented clients against major bus companies throughout the country. […]
Read MoreMore information about Economic Damages
Pittsburgh Motorcycle Accident Lawyer
You need a Pittsburgh motorcycle accident lawyer who will fight for you
Pennsylvania is home to nearly 800,000 registered motorcycle riders. Unfortunately, there were more than 230 motorcycle crashes in Allegheny County alone. With less protection than that of a car or truck, motorcycle riders often suffer severe injuries when they’re hit by a car or involved in a crash. When that occurs, you will need the help of an experienced attorney in Pittsburgh to help you get compensation for your injuries while you concentrate on your recovery.
If you or someone you love suffered a catastrophic motorcycle crash, you need an attorney from Munley Laws Pittsburgh Personal Injury Attorneys, who will deliver for you. If you’re ready to see the difference the Munley Law Personal Injury Attorneys can make in your case, schedule your free consultation today.
What Compensation is Available After a Motorcycle Accident in Pittsburgh? […]
Read MoreMore information about Economic Damages
Pittsburgh Bicycle Accident Lawyer
Our Pittsburgh Bicycle Accident Attorneys Are Here to Help
In the past two decades, biking as a means of commuting has become increasingly popular across the United States. In fact, from 2000 to 2019, the number of Americans who bike to work increased by 61 percent. This trend certainly rings true in Pennsylvania, which is in the top half of states ranked by the number of bike commuters.
Biking, whether as a means of getting to work, a form of exercise, or a hobby, has so many benefits. However, the unfortunate reality is that cyclists are at risk of injury when biking on roads that also permit cars. Unlike a car driver or passenger, who is shielded to some degree by the vehicle itself, cyclists have very little protection when an accident occurs. If a car and a bicycle collide, it’s likely that the cyclist will experience far more damage. […]
Read MoreMore information about Economic Damages
Pittsburgh Catastrophic Injury Lawyer
A Catastrophic Injury Lawyer in Pittsburgh Will Fight For You
Every day, innocent people in Pittsburgh cross paths with negligent individuals or companies and suffer serious injuries. A catastrophic accident can cause injuries that can take months to recover from or leave you permanently disabled. Catastrophic injuries can disrupt your life and your family’s. When innocent people get hurt because of someone else’s negligence, the negligent party should pay for the damage they caused. A personal injury lawsuit can help you recover the compensation you need to rebuild your life and move forward. For personal injury cases involving catastrophic injuries, it’s important to have the right lawyer.
The Pittsburgh catastrophic injury lawyers at Munley Law have been representing Pennsylvanians since 1959. We have successfully recovered millions of dollars in compensation for victims of catastrophic car and truck crashes, medical mistakes, head trauma, explosions, […]
Read MoreMore information about Economic Damages
Philadelphia Catastrophic Injury Lawyer
Your Advocate After a Catastrophic Injury in Philadelphia
Accidents happen every day. Of course, any injury stemming from an accident caused by someone else’s negligence has practical impacts on a victim’s life. Injury victims must seek expensive medical treatment, deal with time off work, meaning lost wages, and often must navigate emotional distress following the accident. As you likely know, in these cases, our Philadelphia personal injury attorneys can help you recover compensation for your injuries through a personal injury lawsuit.
But if you or a loved one suffered permanent, severe injuries because of someone else’s negligent actions, for example, a spinal cord injury, severe burn, or traumatic brain injury, your life is turned upside down. Because of that, your response to those injuries is all the more critical. This is because while a catastrophic injury victim’s life is permanently changed, […]
Read More
