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
What to Do When Hazardous Materials Spill During a Truck Crash
What to do if you have been in a truck crash with chemical spills or hazardous materials
Tanker trucks transport the majority of U.S. shipments: they haul gasoline, diesel, specialty chemicals, food grade and dry bulk on a daily basis. With the increasing transportation of goods, the number of tanker truck accidents on our roads has also been on the rise. Tankers frequently haul hazardous and highly flammable materials, and a crash with these large, precarious vehicles could mean enduring serious burns, smoke inhalation injuries, or even death. Road surfaces can become extremely unsafe, air quality can be compromised, and fires and explosions can result from sudden hazardous waste disturbances.
If you or a loved one have been in a truck crash involving a hazardous materials spill, there may be multiple responsible parties, and the crash may require in-depth investigations. You will need a truck accident lawyer with a reputation, […]
Read MoreMore information about Economic Damages
Pittsburgh 18 Wheeler Accident Lawyer
Our Pittsburgh 18 Wheeler Accident Attorney Will Protect Your Rights
A crash involving a large 18-wheeler truck is nothing like a regular car accident. Injuries are often severe, and the case may involve multiple individual and commercial defendants. You need a specific kind of lawyer to represent you and ensure you receive the help you need – you need an experienced Pittsburgh 18 wheeler accident attorney.
At Munley Law, a team of highly qualified Pittsburgh truck accident lawyers with decades of experience is ready to get to work for you today. Our attorneys have led the American Association for Justice Trucking Litigation Group and were among the first lawyers in Pennsylvania to become board certified in truck accident law by the National Board of Trial Advocacy.
While many injury law firms claim to handle truck cases, we devote a significant portion of our law practice to commercial truck and 18-wheeler cases specifically. […]
Read MoreMore information about Economic Damages
Pottsville Wrongful Death Lawyer
Our Pottsville Wrongful Death Attorneys Will Fight For Your Loved One
If you have lost a loved one in a wrongful death accident, you deserve justice. Too often, the negligence of another person or company results in fatal accidents, and when this happens the liable party needs to be held accountable. Justice for your loved one includes accountability, closure, and financial compensation for the damages and losses you and your family are suffering.
Our Pottsville wrongful death lawyer knows that a legal battle may be the furthest thing from your mind after the tragic loss of a loved one. The compassionate Pottsville personal injury lawyers at Munley Law are ready to meet with you for a free, confidential consultation. They will then shoulder the legal burden of your case so that you and your family can grieve in peace. […]
Read MoreMore information about Economic Damages
Seeking Compensation for Severe Injuries in Scranton Motorcycle Accidents
Motorcycle riding provides an exhilarating sense of freedom and thrill unmatched by any other form of transportation, yet it comes with its risks – particularly accidents. The Scranton motorcycle accident lawyers at Munley Law understand the unique dangers motorcyclists face on the road. Our dedicated team of personal injury attorneys stands ready to support victims who have sustained severe injuries in motorcycle accidents – fighting tirelessly on behalf of victims’ rights while fighting to obtain fair compensation to aid in recovery and secure future success.
Motorcycle accidents can have life-changing repercussions, often leading to severe injuries or fatalities. Motorcyclists lack protection from other vehicles during collisions; as a result, when an accident happens, its consequences can be swift and damaging. Munley Law strives to offer our clients top-tier legal representation while at the same time showing compassion and understanding during these trying times.
What Are Common Motorcycle Accident Injuries? […]
Read MoreMore information about Economic Damages
Bethlehem Dog Bite Lawyer
Did You Suffer an Injury After a Dog Bite in Bethlehem? Let Us Help
Dogs can be loyal companions, steadfast guards, and loving members of the family. If you get on the wrong side of a dangerous dog, however, they can also be terrifying attackers. Getting bitten by a dog can be a traumatic experience. In addition to the injuries suffered from a dog attack, you are likely to suffer severe emotional distress stemming from an attack by a vicious dog.
If you have suffered from a dog attack in Bethlehem, Pennsylvania, you need to be aware of your rights to recover compensation for both medical expenses and emotional distress. Dog owners in the Lehigh Valley are ultimately responsible for the actions of their animals and are required to make up for the injuries they cause. An experienced Bethlehem dog bite lawyer from Munley Law can be an invaluable resource in getting the compensation you deserve. […]
Read More
