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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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. […]
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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, […]
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Pittsburgh Car Accident Lawyer
If you were injured in a Pittsburgh car crash, it’s time to take action
See what Pittsburgh car accident lawyers at Munley Law can do for you
Located in the western part of Pennsylvania, Pittsburgh is a vibrant city known for its rich history, stunning architecture, and thriving sports culture. Unfortunately, amid the bustling streets and highways, car accidents can occur, causing severe injuries, emotional distress, and financial burdens. When faced with the aftermath of a car accident, it’s crucial to have a skilled Pittsburgh personal injury lawyer by your side to protect your rights and advocate for your best interests.
This is where Munley Law comes in.
With years of experience as car accident lawyers and a deep understanding of local regulations, they are dedicated to providing you with the highest level of legal representation. If you suffered an injury in an Allegheny County car crash, […]
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Pennsylvania Car Accident Lawyer
A Pennsylvania car accident lawyer is essential when you’re involved in a car accident that results in injury. The aftermath can be overwhelming, and navigating the complexities of insurance claims, medical bills, and legal procedures is daunting. Our skilled motor vehicle accident attorneys provide the legal expertise and guidance you need, ensuring your rights are protected and you receive the compensation you deserve. Consulting with an experienced car accident attorney is vital to effectively navigating the complexities of car accident claims.
Choosing Munley Law means choosing a team of Pennsylvania car accident lawyers committed to your cause. Munley Law is a premier law firm in Pennsylvania with decades of experience fighting for car accident victims across the Commonwealth. With a rich history and a reputation for excellence, we are committed to providing top-tier legal services for those injured in a car accident. Our team of dedicated attorneys is well-versed in Pennsylvania’s traffic laws and has a proven track record of successful outcomes. […]
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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, […]
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