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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TRUCK ACCIDENT LAWYERS WHO FIGHT FOR YOU
Don’t let insurance adjusters minimize your suffering or deny you fair compensation. Contact our attorneys immediately following your accident and make your claim. Our trucking accident lawyers will help process your claim and get you the compensation you deserve by law.
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HOW WE CAN HELP YOU
We can work to make sure you recover all your damages. A personal injury lawyer can not only protect your rights and get you the compensation you deserve but we can:
- Discover who is at fault for your injury
- Estimate your claim worth
- Negotiate with the insurance company
- Represent you in court
Our attorneys have decades of experience litigating truck and 18-wheeler accident cases. Our trucking law team includes three attorneys who are board certified by the NBTA in truck accident law and have secured billions in settlements and verdicts for clients, […]
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Philadelphia Uber Accident Lawyer
Philadelphia Uber accident lawyers know rideshare accidents involve complex liability issues and insurance challenges. When you’re hurt in an Uber crash in Philadelphia—whether as a passenger, pedestrian, cyclist, or driver—determining fault and securing compensation requires specific legal expertise.
The Philadelphia Uber accident lawyers at Munley Law have extensive experience handling rideshare cases. Our board-certified trial attorneys have successfully litigated commercial vehicle accidents for decades. We take pride in our proven track record of negotiating fair settlements and winning courtroom verdicts against major companies. If you’ve been injured in an Uber accident, our injury attorney has the knowledge to protect your rights and pursue maximum compensation. Contact our Uber accident attorneys today to schedule a free consultation.
Compensation Available to Uber Accident Injury Victims in Philadelphia
After an Uber accident in Philadelphia, the financial impact can be overwhelming. […]
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Bethlehem Wrongful Death Lawyer
A Bethlehem wrongful death lawyer can help families seek compensation when negligence leads to the death of a loved one. At Munley Law Personal Injury Attorneys, our legal team combines over 60 years of experience with a proven track record of successful verdicts and settlements in the Lehigh Valley. We handle all aspects of wrongful death claims – from investigating the circumstances and determining liability to negotiating with insurance companies and proceeding to trial when necessary. While we aggressively pursue maximum compensation, we also provide compassionate guidance to help your family through this difficult process.
Contact us for a free consultation to discuss your wrongful death claim and learn how we can help protect your family’s future.
What is a Wrongful Death Lawsuit?
A wrongful death lawsuit is a type of action brought by the survivors or estate of a deceased person against the party or parties responsible for that person’s death. […]
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Throop Personal Injury Lawyer
If you’ve been injured in an accident in Throop, the last thing you want to worry about is handling a legal case on your own. Whether it’s a car accident, slip and fall, or workplace injury, the team at Munley Law is here to help you fight for the compensation you deserve. We’ll work to cover your medical expenses, lost wages, and emotional distress. After a car accident, workplace injury in Throop, or collision with a commercial truck, you deserve support and skilled legal guidance. Our personal injury attorney will protect your rights and help you pursue fair compensation. Contact us today to discuss your case at no cost.
How Our Throop Personal Injury Attorneys Can Help You
When you hire a personal injury attorney from Munley Law, you’re entrusting your case to a dedicated team with the expertise you need. […]
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Can You Sue a Car Manufacturer for a Car Crash?
If you’ve been involved in a car accident caused by a defective vehicle, you may be wondering if you can hold the manufacturer accountable. Product liability laws provide a legal pathway to pursue the compensation you deserve if the accident resulted from a defect in the vehicle’s design or manufacturing or failure to provide adequate warnings.
These cases can be complex, requiring thorough investigation and evidence to prove the manufacturer’s fault. Whether the defect involves faulty airbags, malfunctioning brakes, or a design flaw, understanding your legal options is essential. Speak with an experienced auto defect attorney at Munley Law to determine if you have a valid claim and explore your right to compensation.
Product Liability in Automotive Accidents
Manufacturer defects can cause automotive accidents. When that happens, the manufacturer may be held liable. Product liability claims allow individuals to seek compensation for injuries caused by such defects. […]
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