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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Reading Factory Worker Injury Lawyer
Reading is the historical home of the famous Reading Railroad, the county seat for Berks County, and one of PA’s biggest cities. Industry is still an economic lynchpin in Reading and the city’s manufacturing employers are among some of the area’s largest. Reading’s versatile workforce is one of the reasons factories choose Reading as their base of operations. And Reading’s factory workers are essential to the success of local factories.
However, factory work is notoriously dangerous. If you or a loved one has been injured or killed while at work at a factory in Reading, West Reading, or anywhere in Berks County, you want to make sure you hire the most experienced, competent Reading factory worker injury attorneys to fight for the financial compensation you deserve. For six decades, Munley Law has been helping injured factory workers throughout Pennsylvania after a terrible accident. Our Reading workers’ compensation lawyers work hard to make sure your rights are protected. […]
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Philadelphia Reckless Driving Accident Lawyer
Protecting Car Accident Victims in Philadelphia Since 1959
Traffic laws are put into place to protect drivers, passengers, pedestrians, cyclists, and other vulnerable road users from harm. However, when drivers behave recklessly, their negligence can lead to severe and sometimes fatal outcomes.
If you or a loved one were injured in Philadelphia as a result of a reckless driving accident, call Munley Law. Our Philadelphia car accident lawyers have been helping injury victims since 1959 recover the compensation they need to move forward from accidents.
For a no-obligation, free consultation, contact the Philadelphia reckless driving accident lawyers at Munley Law today to schedule a free consultation.
What is Reckless Driving?
Under Pennsylvania law, “Any person who drives any vehicle in willful or wanton disregard for the safety of persons or property is guilty of reckless driving.” Should you be found guilty of reckless driving, […]
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Hazleton Distracted Driving Accident Lawyer
Driver distraction is one of the leading causes of motor vehicle accidents. Driving requires focus and undivided attention, but too many people choose to endanger themselves and others by multitasking behind the wheel.
If a distracted driver hits you or someone you love in Hazleton, you need a Hazleton distracted driving accident lawyer who can prove negligence and win you maximum compensation. The Hazleton car accident lawyers at Munley Law have decades of experience representing car accident injury victims, and we have won numerous multimillion-dollar settlements and verdicts. Our attorneys have earned the industry’s highest ratings from Martindale-Hubbell, and have been named the Best Lawyers in America. Let us get you the justice you need.
Get the help you need today. Contact Munley Law for a free consultation. We will listen to your story and give you advice as to how to proceed, and if you choose to hire us to represent you, […]
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Pittsburgh Birth Injury Lawyer
Our Pittsburgh Birth Injury Lawyers Will Get You Justice
Having a baby should be a joyous occasion. Unfortunately, when medical negligence causes a birth injury, the consequences can be devastating for the entire family. As leading birth injury lawyers in Pittsburgh, Munley Law is dedicated to providing support and representation to families affected during the difficult time following a birth injury. We understand the suffering and loss a family can experience when a child is injured during birth due to medical negligence. Our attorneys are experienced in working with families to seek justice for the wrongs that occurred.
At Munley Law, our Pittsburgh personal injury lawyers are committed to providing personalized representation to each client we serve. Our attorneys have extensive knowledge and experience handling birth injury cases. We can provide you with the resources and legal guidance you need to seek justice. […]
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Is Workers’ Compensation for Independent Contractors Available?
When you are an independent contractor you have more flexibility and the potential to earn more than workers who make a straight salary working for a single employer. And while there are obvious benefits, you know from experience that with the flexibility and extra earning capacity that comes with working for yourself, there are added anxieties and responsibilities.
When you work for yourself, you have a lot of freedom but also a lot to think about, prepare for and worry about.
When you work for yourself and you sustain a work-related injury or illness, you may wonder how you can afford your medical bills or how you’ll get paid for missed time from work. Fortunately, if you have Pennsylvania workers’ compensation insurance, those benefits can provide necessary financial support while you recover.
Independent contractors work in every US business sector
According to an article by Business New Daily, […]
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