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
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 fair
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, […]
Read MoreMore information about Economic Damages
Dedicated Lyft Accident Lawyer
Our Lyft Accident Lawyers Can Fight For Your Rights
If you were involved in an accident with a Lyft driver, your first call should be to a Lyft accident lawyer at Munley Law. With over 60 years of experience, we understand the issues surrounding these types of accident cases. We will make sure you get compensation for your injuries from the at-fault driver and help you on the path to recovery.
Don’t wait. Schedule a free consultation with our Lyft accident attorney today to start the claims process.
What is Ridesharing?
Ridesharing is a service that directly connects drivers with passengers who need transportation services. The idea is as old as the 1990s when small start-ups generated a new way to help people find carpooling partners – literally “ride sharing”. However, ridesharing as we now know it was pioneered in 2009 by Uber. […]
More information about Economic Damages
Bethlehem Slip and Fall Accident Lawyer
Be it an iced, slick walkway, a spill in the grocery store, or an uneven sidewalk when slip and fall accidents occur, you can get a lot more than a bruised knee. Though no one intentionally plans to hurt another with a spill or other surface issue, property owners have a duty of care owed to visitors and guests to keep their properties safe and clear. And when those properties are not properly maintained and you get hurt, you need someone to turn to.
If you or a loved one were injured in a slip and fall accident in Bethlehem or the surrounding area, allow the personal injury lawyers of Munley Law to take on your case. Our lawyers have over 60 years of experience fighting for the rights of Pennsylvania’s injured.
For a no-obligation, free consultation, contact the slip and fall accident lawyers of Munley Law. […]
Read MoreMore information about Economic Damages
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. […]
Read MoreMore information about Economic Damages
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. […]
Read More
