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 Happens in a Product Liability Case?
Product liability is an important legal concept that protects consumers from defective and dangerous products. When consumers purchase products, they have the right to expect that those products are safe and free from defects. However, in some cases, products may cause harm or injury due to design flaws, manufacturing defects, inadequate warnings, or other product-related issues. This is where product liability comes into play.
Product liability refers to the legal responsibility of manufacturers, distributors, suppliers, and retailers for injuries or damages caused by their products. When a product fails to meet safety standards or causes harm, consumers have the right to seek compensation for their injuries, medical expenses, lost wages, and other damages through a product liability claim.
A product liability case arises when a consumer is harmed or suffers injury due to a defective or dangerous product. These cases hold manufacturers, distributors, suppliers, […]
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Bethlehem Lyft Accident Lawyer
We primarily think of Lyft as a convenience, a means of getting from point A to point B at a reasonable cost. It can be easy to forget that when we get into a Lyft we are trusting a stranger with our lives and safety. Would you know what to do if your Lyft driver got into an accident? What if the accident was your Lyft driver’s fault? Who should pay for your injuries? Will Lyft take any responsibility?
A Bethlehem Lyft accident lawyer at Munley Law Personal Injury Attorneys can answer these questions, and more. Since 1959, Munley has been the most trusted name in law in Pennsylvania and the Lehigh Valley. Our attorneys understand the complexities of rideshare car accidents and can help you navigate this often-confusing situation. We have decades of experience handling serious injury cases involving big transportation companies and commercial insurance policies. Let us put that experience to work for you. […]
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Erie Premises Liability Lawyer
Premises liability cases in Erie, Pennsylvania involve situations where a person is injured due to unsafe or defective conditions on someone else’s property. These cases can occur in various settings, such as residential homes, commercial properties, and public spaces. From slips and falls at a local store to accidents at a neighbor’s pool, premises liability cases encompass a wide range of incidents. Understanding the nature of these cases and the role of specialized lawyers in Erie becomes crucial as these incidents not only cause physical harm but also lead to financial and emotional distress for the victims.
Premises liability lawyers are legal professionals who specialize in representing clients who have been injured on someone else’s property due to unsafe or defective conditions. These incidents can occur in various settings, such as homes, commercial establishments, and public spaces, and can involve a wide range of injuries, from slips and falls to accidents caused by poor maintenance. […]
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Reading Lyft Accident Lawyer
Lyft accident attorneys have deep insights into the intricate insurance claims and legal difficulties surrounding a rideshare collision with a Lyft driver in Reading, PA. Whether it’s unpeeling the layers of Lyft’s multifaceted insurance coverage or unraveling liability issues involving third-party drivers, an experienced attorney will carefully examine every detail to ensure you receive the justice and fair compensation you deserve.
A Lyft accident lawyer’s primary goal is to maximize your recovery while vigilantly protecting your rights. They’ll conduct a thorough investigation, identify all responsible parties, and aim to hold them fully accountable. With their expertise in streamlining the claims process, these legal advocates handle the intricacies, allowing you to concentrate on recovering from your auto accident.
A dedicated rideshare accident attorney at Munley Law provides the best opportunity for a favorable resolution, whether negotiating with insurance companies or representing you in court. Their expertise guides you through the aftermath of a painful incident, […]
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How Are Big Truck Accident Settlements Calculated?
In the world of motor vehicle accidents, big truck collisions are a unique and challenging category that demands special attention. These large commercial vehicles, such as 18-wheelers, semi-trucks, and tractor-trailers, have the potential to cause catastrophic damage and life-altering injuries due to their sheer size and weight. When an accident involving a big truck occurs, the consequences can be overwhelming for all parties involved.
Big truck accidents often result in significant property damage, severe injuries, and even fatalities due to the immense size and weight of these vehicles. When it comes to seeking compensation for damages sustained in such accidents, understanding how settlements are calculated can be crucial for victims and their families.
We will shed light here on the factors that influence big truck accident settlement calculations, the types of damages that may be included, and the role of legal accident professionals in ensuring fair and just compensation. […]
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