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
Easton Catastrophic Injury Lawyer
Catastrophic injuries are severe injuries that have a profound and long-lasting impact on the victim’s life. These injuries often result in permanent disability, significant suffering, and substantial medical and personal challenges. If you were involved in a serious accident that resulted in a catastrophic injury, your first option is to speak with an experienced Easton catastrophic injury lawyer at Munley Law. We have over 60 years of experience helping injury victims recover from a severe injury. We’re here for you. Contact us today to schedule a free consultation.
What is Considered a Catastrophic Injury?
When an accident results in severe, life-altering injuries, it falls under the legal category known as “catastrophic injuries.” These are 
injuries that impose significant and long-term effects on the victims, often preventing them from returning to their pre-accident lifestyle and work.
In legal terms, a catastrophic injury permanently prevents an individual from performing any gainful work, […]
Read MoreMore information about Economic Damages
Bloomsburg Slip and Fall Lawyer
If you or a loved one has suffered an injury due to a slip and fall incident in Bloomsburg, you understand the physical, emotional, and financial toll it can take. Our Bloomsburg slip and fall lawyer is here to guide you through every step of the process, ensuring that your rights are protected and you receive the compensation you deserve. With a deep understanding of Bloomsburg’s legal landscape and a commitment to personalized care, we are your trusted ally in navigating these challenging times.
Common Causes of Slip and Fall Accidents
Slip and fall accidents are surprisingly common and can happen due to a variety of factors. Some common causes include:
Icy or Snowy Surfaces: In Bloomsburg’s cold winters, untreated sidewalks and parking lots can become treacherously slippery.- Wet Floors: Spills or recent cleaning in stores, restaurants, and other public areas can create a hazard. […]
Icy or Snowy Surfaces: In Bloomsburg’s cold winters, untreated sidewalks and parking lots can become treacherously slippery.More information about Economic Damages
Workers’ Compensation in Norristown: Third Party Claims
If you find yourself in the unfortunate situation of facing a workplace injury in Norristown, PA, you deserve to understand all your options for compensation and support. At Munley Law, we’re here to provide you with comprehensive guidance, not just in workers’ compensation claims but also in navigating the complexities of third-party claims associated with workplace accidents.
Norristown, with its rich history and vibrant community, thrives on the dedication of its workforce. We understand the importance of your job, your role in this community, and the impact an injury can have on your life.
Workplace Accidents Can Involve Multiple Responsible Parties
However, workplace accidents can sometimes involve third parties, such as contractors, manufacturers, or property owners. If a third party’s negligence contributes to your injury, you may be entitled to compensation beyond traditional workers’ compensation benefits. […]
More information about Economic Damages
What Is the Average Brain Injury Settlement Value in Allentown?
Brain injuries, ranging from mild concussions to severe traumatic brain injuries (TBI), can have a profound impact on an individual’s life. These injuries often result in long-term cognitive, emotional, and physical impairments, affecting not only the victims but also their families. The consequences can include significant medical expenses, loss of income, and reduced quality of life, making the understanding of settlement values important for victims seeking compensation. That’s why it’s important to speak with an experienced Allentown brain injury lawyer to learn what your options are.
When it comes to settlements for brain injuries, numerous factors come into play, such as the severity of the injury, the circumstances surrounding the accident, and the resulting damages. In Allentown, Pennsylvania, these settlements can be particularly complex due to the city’s unique legal landscape and the local court system. Understanding the average brain injury settlement value in Allentown is vital for victims and their families. […]
Read MoreMore information about Economic Damages
What Are the Damages For a Traumatic Brain Injury in Allentown?
In the bustling city of Allentown, with its lively Cedar Beach Park and the vibrant streets around the PPL Center, life moves at a dynamic pace. While this energy is part of what makes Allentown a vibrant place to live, it also means that accidents and unforeseen events can happen. Among the most devastating of these are traumatic brain injuries (TBI).
A sudden blow or jolt to the head can change the trajectory of one’s life in a split second. Beyond the immediate shock and medical concerns, a TBI can have profound financial and emotional implications. Understanding these damages, especially in the context of Allentown’s legal landscape, becomes crucial for victims and their families.
For victims of traumatic brain injuries, the question of what damages are available is common. An Allentown brain injury lawyer at Munley Law can be pivotal in navigating the complex aftermath and securing the compensation you deserve. […]
Read More
