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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Lancaster Personal Injury Lawyer
Our Lancaster personal injury lawyers have represented injury victims in Lancaster County for decades, and we can do the same for you. If you’ve been hurt at work, in a car, truck, or motorcycle accident, or were injured by another person’s negligence, you need legal representation you can trust.
If you or a loved one has been hurt, call Munley Law’s Lancaster personal injury attorneys today for a no-obligation, free consultation.
How Our Lancaster, PA Accident And Injury Lawyers Can Help You
Lancaster County has some of the most dangerous roads in the state, like Route 30 or the Lincoln Highway, Route 222, Route 283, and Route 501, making it a popular region for motor vehicle accidents.
Lancaster is also booming with commerce and tourism, which increases the risk of workplace injuries, pedestrian accidents, and other incidents. […]
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Cement Truck Accidents
Few types of accidents on the road are more destructive or more frightening than a crash with a cement truck. When you’ve been hurt in a cement mixer truck accident, you need a special kind of lawyer to help you collect financial compensation and make you whole again. A cement truck accident lawyer at Munley Law Personal Injury Attorneys can stand by your side and make sure you receive every penny you deserve. The consultation is free, and we don’t get paid unless we win your case.
Our experienced truck crash lawyers are certified in Truck Accident Law by the National Board of Trial Advocacy, and attorneys from Munley Law have twice led the American Association for Justice’s Trucking Law Group. Our legal team has the experience and understanding of truck accident law to take our client’s cases to trial and to negotiate forcefully with insurance companies on their behalf. […]
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Rideshare Accident Lawyer
The rideshare accident lawyers at Munley Law have been at the forefront of protecting accident victims’ rights since rideshare services first transformed transportation. While Uber and Lyft offer convenience at your fingertips, they’ve also created complex legal challenges when accidents occur. For 65 years, our award-winning car accident attorneys have recovered millions for clients injured in rideshare accidents across the nation.
Our experienced personal injury lawyers bring unmatched expertise to rideshare accident claims. With multiple board-certified attorneys and Best Lawyers in America recognition, Munley Law’s legal team understands the intricate challenges these cases present. We’ve successfully handled hundreds of rideshare accident claims, helping victims navigate complicated insurance policies, determine liability, and secure maximum compensation for their injuries.
With decades of experience and a track record of multi-million dollar verdicts, Munley Law’s rideshare accident attorneys have the resources and expertise to take on major rideshare companies and their insurers. […]
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Scranton Motorcycle Accident Lawyer
If you or someone in your family was involved in a motorcycle crash caused by another driver, you need a Scranton motorcycle accident lawyer to get you compensation for your injuries. Motorcycle riders face a higher risk of severe injury and death than other motorists, and you need an experienced attorney to speak with the insurance company on your behalf so you can focus on your recovery.
The Munley Law Personal Injury Attorneys team can fight for what you deserve and help you recover. The consultation with our Scranton personal injury lawyer is free, and we don’t charge anything for our services unless we win your case. Call us today to get started.
Why You Need a Motorcycle Accident Lawyer in Scranton, PA
When you’re facing the consequences of a motorcycle accident in Scranton, the road to recovery can seem daunting. […]
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Stroudsburg Truck Accident Lawyer
Munley Law’s experienced Stroudsburg truck accident lawyers have the knowledge and experience to get you the compensation you deserve for the injuries you sustained in a truck crash. An accident involving an 80,000-pound truck is one of the most terrifying things that can happen to anyone on the road. Your injuries can devastate your physical health, keep you out of work, and even render you permanently disabled. These damages can be costly, but you shouldn’t have to bear them alone. As the injured victim, you have rights. Let our Stroudsburg truck accident lawyers handle the legal hurdles so that you receive proper compensation for your injuries. Contact us today to schedule a free consultation.
How a Truck Accident Lawyer in Stroudsburg Can Help
Commercial trucking accident cases present different challenges than run-of-the-mill car accidents. Multiple parties, such as the trucking company, […]
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