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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How Long Does it Take to Resolve a Personal Injury Case?
Know what to expect and how to navigate your personal injury case
If you or a loved one has been injured in an auto, workplace, medical malpractice, or other catastrophic accident, the physical, emotional, and financial strains often feel as if they surmount at an exponential rate. Time seems to be of the essence and efforts to expedite your claim may prove to shortchange you of what you are entitled to, should you not be well-informed of common practices that can minimize your settlement. All personal injury cases are not created equal; there are many variables that can
influence the timeline of a personal injury case, and a trustworthy, experienced, and successful lawyer will never profess a guaranteed timeline. Esteemed personal injury attorneys can commit to resolving your case in the most efficient and effective way; our personal injury lawyers have spent decades fighting against culpable businesses and insurance companies in Pennsylvania and we will get you what you deserve. […]
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Reading Workers’ Compensation and Third Party Claims
What is a Third Party Claim?
Workers’ compensation claims are specific to your employer’s workers’ compensation insurance and only cover your medical bills and lost wages. If you qualify for specific loss or death benefits if you are a dependent of a loved one who has lost their life due to a work injury, those are covered as well by workers’ comp insurance.
When you file a third-party personal injury claim, however, you can receive financial compensation for damages such as:
- Pain and suffering related to the injury or illness
- Wrongful death and loss of consortium in the event of a fatal injury or disease
- Cost of mental health treatments
- Punitive damages, ie financial damages designed to punish the responsible party for their recklessness or negligence
If your injury or occupational disease was caused by someone other than a co-worker or your employer, […]
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Wilkes-Barre Fatal Truck Accident Lawyer
Our Wilkes-Barre Fatal Truck Accident Attorneys Can Get You Justice
Truck accidents are some of the most destructive types of crashes that happen in Wilkes-Barre. Far too often, these truck crashes result in loss of life. A fatal truck crash can upend the lives of surviving family members and leave you devastated, looking for answers, and wanting justice. No amount of money can make up for the sudden loss of a beloved family member, but a lawsuit can hold the at-fault party accountable for their actions and bring you some future security so that financial burdens do not interfere with your ability to honor your loved one’s memory in peace.
If someone you love was killed in a fatal crash, our truck accident attorneys can help you fight for justice and hold the responsible parties accountable. Our compassionate team of legal experts will answer your questions, […]
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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, […]
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What Should I Do After Getting Injured While on the Job?
Pennsylvania Workplace Injury Lawyers
If you’ve been injured on the job, you’re likely wondering what to do next. If you are considering filing a workers’ compensation claim in Pennsylvania, call the workers’ compensation lawyers at Munley Law today to schedule a free consultation. Our experienced team of professionals can help guide you through the workers’ compensation process. With Munley Law, you can rest assured that your case is in good hands.
What Should I Do After Being Injured on the Job?
If you’ve been injured in the workplace and don’t know what to do next, you should take the following five steps in recovering from your injury, recovering compensation, and protecting your rights:
Step 1: Report Your Injury and Seek Medical Care
Reporting your injury to your employer is the first step in a successful workers’ compensation claim. […]
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