What is Insurance?
Insurance is, “a contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the “insurer” or “underwriter;” the other, the “insured” or “assured;” the agreed consideration, the “premium;” the written contract, a “policy;” the events insured against, “risks” or “perils;” and the subject, right, or interest to be protected, the “insurable interest.” (Black’s Law Dictionary 946. 4th Ed. Rev. 1968)
An insurance policy is a contract in which an individual or entity (the policyholder) pays an insurance company (the insurer) in regular payments in exchange for financial protection over specific risks or losses. For example, medical insurance helps to cover medical costs, such as hospital visits, hospital stays, and medications. Similarly, auto insurance helps to cover damages incurred from car accidents. Insurance payments are known as premiums. Insurance contracts typically limit the amount of costs that an insurance provider may be required to pay.
The McCarran-Ferguson Act (15 U.S.C. § 1011) grants many aspects of insurance regulation to individual state governments. However, federal laws like federal taxes do apply to insurance, and must be acknowledged. Insurance is important to the legal system, as it helps protect individuals, those who cause harm to individuals through negligence, and any third party that is faced with the burden of compensating for an injury.
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Big Rig Truck Accidents
The big rig accident lawyers at Munley Law will protect and preserve all evidence in your big rig accident case. Our team deploys skilled investigators immediately to collect evidence while it’s fresh and available. Let our experienced truck accident attorneys work for you today.
Munley Law has handled some of the nation’s largest trucking cases, winning millions in verdicts and settlements. Our lawyers are recognized as Best Lawyers in America and have three attorneys on staff who are board certified in Truck Accident Law by the National Board of Trial Advocacy. We’ve helped shape safer trucking laws and are regularly asked to share our knowledge of trucking accident law with attorneys nationwide.
Contact Munley Law Personal Injury Attorneys today for a free consultation about your truck accident case. Call us, use our online form, or click “Chat Now” for immediate assistance from a representative. […]
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Box Truck Accident Lawyer
If you were involved in a box truck accident, you have the right to compensation.
As devastating as passenger vehicle accidents can be, accidents involving box trucks can be even more damaging. From physical injuries to emotional stress, you have too much to deal with to worry about how to pay all your expenses. A box truck accident lawyer at Munley Law Personal Injury Attorneys can help ensure box truck drivers, box truck companies, box truck manufacturers, and others are held responsible as you focus on recovering from the accident.
Were you or a loved one injured in a box truck accident? If the answer is yes, Munley Law Personal Injury Attorneys expresses its deepest condolences. We are aware that motor vehicle accidents of any kind are difficult events to navigate. Trucking accidents, in particular, can be traumatic experiences for all that are involved. […]
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Philadelphia Workers’ Compensation for Warehouse Workers
Helping injured warehouse workers in Philadelphia get the compensation they deserve
Warehouses are essential to keeping US businesses running. Grocery store chains, furniture and home improvement, food and beverage, pet food, pharmaceutical companies, e-commerce, and global retail giants all rely on warehouse workers to safely and efficiently store, move, receive, and ship their goods.
Philadelphia is located on the busy I-95 trucking corridor, having access to an international airport, rail service, and with one of the largest shipping ports in the country, the Port of Philadelphia, Philly is a popular location for businesses seeking to build private warehouses or to rent space and hire help with existing warehousing operations.
Warehouses are the perfect environment for work accidents and injuries. According to a recent Bureau of Labor Statistics report, the warehouse and transportation sector is one of the most dangerous industries for workers in the country. […]
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Truck Drivers and Truck Accidents
The truck accident lawyers at Munley Law Personal Injury Attorneys have represented truck drivers from all over the country.
Truck drivers face a higher risk of highway accidents than other drivers, and a far higher risk of workplace injury and death than the national average. When a truck driver gets into an accident with another truck driver or a passenger vehicle, they may experience severe injuries as well. Since truck driving is a job for many, truck drivers may not know what their steps should be to get compensation for their injuries.
If you are a truck driver who has been hurt on the job, contact a truck accident lawyer at Munley Law Personal Injury Attorneys. We have represented truckers from all over the country who have suffered due to a work-related accident. Our consultation is free, and we never charge a fee unless we win your case, […]
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Delivery Truck Accident Lawyer
Our Delivery Truck Accident Attorneys Will Fight For Your Rights
It’s not hard to imagine why a collision between a passenger vehicle and a delivery truck can be a horrifying and hugely damaging incident. Even a relatively small truck is significantly larger and heavier than a passenger vehicle, which puts the members of the smaller vehicle at great risk if a truck accident does occur. In fact, data shows that in accidents between trucks and passenger vehicles, the driver and occupants of the truck are far less likely to be hurt.
If you or a loved one has experienced the trauma of a delivery truck accident, a delivery truck accident lawyer at Munley Law Personal Injury Attorneys is here to help. There’s no way to undo the pain you’ve experienced, but there is a way to seek both justice and compensation for your suffering. Our truck accident lawyers will fight tirelessly to protect your rights in the wake of your accident. […]
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