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.

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What Kind of Compensation Can I Get For My Construction Accident Injuries?

Construction accidents can be a life-altering experience, with consequences that reach far beyond physical harm. If you’ve been injured on a construction site, it’s important to understand the potential value of your case. This article seeks to help you unravel the complexities of estimating this worth, considering factors from medical expenses to emotional trauma. Remember, every case is unique and hinges on numerous elements. Consult with a Hazleton construction accident attorney for a precise evaluation of your specific circumstances.

Grasping the Concept of Legal Damages

When you’re navigating a construction accident case, you’ll often come across the term “legal damages.” These damages refer to the monetary compensation you can potentially receive if your case is successful. Understanding them is crucial as they form the basis for assessing the worth of your case.

It’s important to note that if you are working at the time of the construction accident, […]

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How Long After a Car Accident Can You Sue in Pittsburgh?

Navigating the aftermath of a car accident can be overwhelming, especially when it comes to understanding your legal rights. You may be considering legal action but are unsure of the timeline to pursue a lawsuit. In Pennsylvania, specific laws define this period, known as the statute of limitations. Understanding this time constraint is crucial as it determines your ability to seek justice and potentially receive compensation. This article will guide you through the ins and outs of the statute of limitations for car accidents in Pittsburgh.

If you are involved in a car accident in Pittsburgh, your first action should be to contact a Pittsburgh car accident lawyer as soon as possible. Munley Law can help you with your claim and get you the compensation you deserve.

Negligence, Duty of Care, and Liability in Car Accidents

To understand car accident lawsuits, you need to know a few key terms: negligence, […]

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Texas Truck Accident Lawyer

dan munley truck injury lawyer

Until you’ve been involved in an accident with a large truck, it can be hard to imagine how much a truck crash impacts your life. As Texas truck accident lawyers with decades of experience, we know the physical, emotional, andTexas Truck Accident Lawyer financial strain you’re experiencing now.

Truck accidents are not just larger versions of car accidents—they involve unique legal challenges and require specialized knowledge to ensure you receive the compensation you deserve. At Munley Law, our experienced truck accident attorneys are dedicated to holding trucking companies accountable and securing maximum client compensation. We are ready to help you get back on your feet.

About Our Truck Accident Law Firm

Munley Law was founded in 1959. Since then, our family-run firm has earned a nationwide reputation as one of the leaders in personal injury and truck accident law. Our 18-wheeler accident attorneys are among a few lawyers who have earned board certification in truck accident law. […]

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Reading Bus Accident Lawyer

We share our roads with commercial and municipal buses every day. When an unfortunate bus accident occurs, victims are left to manage injuries, physical damages, psychological damages, lifestyle adjustments, financial losses, and, in the worst-case scenarios, death. You want to seek the compensation that you need and are entitled to; keep in mind that bus companies have large teams ready to manage their defense and great sources of financial backing to do so. This can be extremely intimidating if you do not have the help of an attorney who is experienced in dealing with these large bus company entities and their counterparts.

If you or someone you love was hurt or killed in a bus accident, our Reading bus accident lawyers can help you recover the compensation you need to rebuild your life. We represent bus passengers as well as drivers of other vehicles, pedestrians, or bicyclists who were hit by a bus. […]

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Alabama Truck Accident Lawyer

Alabama Truck Accidents Can Be Devastating, Munley Law Truck Accident Lawyers Are Here to Help.

If you or a loved one sustained injuries in a truck accident in Alabama– you may be suffering from physical injuries orexperiencing grief because a loved one has lost their life in the accident. Don’t go it alone, call a skilled Alabama truck accident lawyer who understands the complex nature of your situation and is determined to fight for the fairDan Munley reviewing truck accident scene with smashed passenger cars compensation you deserve for the injuries you’ve experienced.

The Personal Injury Attorneys at Munley Law are devoted to seeking justice for victims of truck accidents caused by negligence. As leading truck accident lawyers across the nation, Munley Law truck accident lawyers have the expertise, experience, compassion, and vigor to undertake your Alabama truck accident case. Our truck accident injury attorneys have a remarkable history of success spanning more than six decades, […]

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