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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Can You Sue Someone for a Minor Car Accident?
What to Do If You’re In a Minor Car Accident
Maybe it’s a small fender-bender in the grocery store parking lot. Or perhaps a driver misjudged the lane shift and tapped into your car. Sometimes these minor car accidents happen, resulting in minimal damage to your vehicle. While it may just be an inconvenience without injury, you may wonder, can you sue someone for a minor car accident?
The answer is yes — anytime you are involved in a car accident, you have a right to file a claim with your insurance or file a lawsuit against the other driver to recover compensation. The real question is, will your case be successful for a minor car accident?
Every accident can involve both non economic damages and economic damages. […]
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Is it Better to Settle or Go to Trial?
Experienced Personal Injury Lawyer Can Help Determine Next Steps in Your Case
During the course of your lawsuit, your personal injury lawyer will discuss your options for settling your case or going to trial. A well-negotiated settlement can leave you financially secure while ending your lawsuit quickly but runs the risk of undervaluing your claim. On the other hand, a winning verdict at trial can bring you the compensation you deserve for your injuries, but at the cost of a lengthy and overwhelming court battle.
Your personal injury lawyer for your accident lawsuit is unique. That is why you need an experienced personal injury lawyer with negotiation skills, a track record of winning verdicts, and a history of reaching bold settlement agreements to help you decide on the best path forward. There are pros and cons to both settling a personal injury case and going to trial. […]
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Your Guide to Filing a Lawsuit
Munley Law Personal Injury Attorneys Personal Injury Lawyers’ Guide to Filing a Lawsuit
If a company or person has acted in negligence and caused you serious injury, you may file a lawsuit in order to obtain financial compensation from the at-fault party. But filing a lawsuit can be a challenging task. Any slight mistake can cost you the compensation that you deserve or cause further damages. That’s why you need the proper guidance and an experienced team of attorneys.
Below, we will explain what it means to file a personal injury lawsuit and how to increase your chances of winning.
What does it mean to file a lawsuit?
A lawsuit is a formal legal case that you or your lawyer files with the court. Filing a lawsuit involves telling the court that the defendant acted negligently and hurt you (the plaintiff). […]
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Damages in Car Accident Cases
Damages in a Car Accident Case
Car accident victims can sustain physical and emotional damages that last a lifetime. Victims of automobile accidents and their families are owed compensation for physical injuries and pain and suffering. The best way to get the compensation you are deserved is to have an experienced car accident attorney fighting for you. Car accidents can alter the course of someone’s life, and it’s important the party at-fault for your injuries, pain, and suffering is held accountable.
Types of Car Accident Damages
Economic Damages – These are losses you can track monetarily, including medical bills, loss of income, loss of property, rehabilitation, and other out-of-pocket costs. Car accidents and collisions can cause serious physical pain. You should seek a doctor immediately, even if it’s not apparent to you that you might have injuries. […]
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Bethlehem Medical Malpractice Lawyer
If you need a Bethlehem medical malpractice lawyer to win justice for you, you need Munley Law Personal Injury Attorneys
Get justice, get results, and get maximum compensation for your injuries/illness caused by medical error in the Lehigh Valley
According to the Medical Malpractice Center (MMC), medical errors are the third leading cause of death in the United States. Unfortunately, preventable mistakes cause the deaths of 195,000 patients every year. Likewise, the MMC reports that 100,000 people die each year because of doctors’ failures to properly diagnose their illnesses. In fact, from 1986 until 2010, hospitals, healthcare companies, and doctors paid $38.8 billion to medical malpractice victims. If your doctor, nurse, or healthcare professional messed up your medical care, take action. Above all, you deserve justice and a Bethlehem medical malpractice lawyer who will fight for maximum compensation for your injuries. […]
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