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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Philadelphia Workers’ Compensation FAQs
Injured workers in Philadelphia have a right to benefits under the workers’ compensation system.
The Philadelphia workers’ compensation attorneys at Munley Law have been serving the residents and workers of Philadelphia for more than 60 years. Munley Law is nationally recognized for our work on behalf of our clients. We are consistently named to the Best Lawyers in America lists. Our attorneys are board certified by the National Board of Trial Advocacy and have obtained millions for our clients who have sustained an injury in the workplace.
We can help you receive the benefits you deserve. Our Philadelphia workers’ compensation law firm understands that the aftermath of a work-related accident can be devastating. Workers’ compensation attorney Caroline Munley is certified as a specialist in the practice of workers’ compensation law by the Pennsylvania Bar Association’s Section on Workers’ Compensation Law as authorized by the Pennsylvania Supreme Court. […]
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Pittsburgh Workers’ Compensation FAQs
Our Pittsburgh Workers’ Compensation Lawyer will Fight for Your Rights
It is your right as an employee to file a workers’ comp claim and to have your medical expenses and wages paid while you recover from the injury or illness. The experienced Pittsburgh workers’ compensation lawyers at Munley Law can help you navigate the process, inform you of your rights, and help you work through any obstacles that come up.
A Pittsburgh workers’ compensation attorney at Munley Law can help you file your claim, prepare for and attend workers’ comp hearings, and appeal denials if necessary. If you or a loved one has been hurt at work or has become sick from workplace conditions in Pittsburgh, you need to know that you have rights.
What Are the Largest Industries in Pittsburgh?
Strategically located at the intersection of the Monongahela, […]
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What You Should Know About Going to Court After a Truck Accident
How to Prepare For Trial When a Truck Accident Settlement Cannot Be Reached
Not all truck settlement cases reach a settlement outside of court. When negotiations are unworkable, and a settlement agreement cannot be reached, you need an experienced personal injury lawyer with a successful track record, and who is prepared to go to trial. Alternatively, if you are satisfied with the settlement offer, and if you are not willing to withstand the delay of a trial, you may wish to refrain from going to court with your case. At the end of the day, complex truck accident cases are best dealt with when an experienced truck accident lawyer is by your side.
With over 60 years of experience, Munley Law has earned a national reputation for our significant verdicts and settlements and for our expertise in the most complex areas of personal injury law — we have all the resources and preparedness to fight for you. […]
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Social Host Liability
If you get into an accident with a drunk driver, your major concerns are how badly damaged is your vehicle and whether you need medical attention. You figure the other driver’s insurance will be taking care of your medical bill. But what about any pain and suffering you may be feeling? And what about any lost wages? Can you recoup them from the driver?
Not only is it possible to get these type of compensation from the person who hit you, but if that driver is underage, you may be able to file a claim against the person who is responsible for supplying alcohol to the minor. If this scenario sounds familiar to you, then you may have a case. Contact the Pennsylvania social host liability lawyers at Munley Law Personal Injury Attorneys for further information.
What is Social Host Liability?
According to Pennsylvania’s dram shop laws, […]
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Negligent Security Lawyer
It’s a fear most of us have — become a victim of a crime and getting injured as a result. But what if your injury could have been prevented if proper security measures in place? You would probably feel angry and upset. No one deserves to be injured because of negligence. It’s time to take action with a negligent security lawyer.
When people visit a place of business or lodging, you have the right to expect a reasonable amount of safety. In fact, property owners have a duty to secure their premises and protect lawful visitors and patrons from foreseeable harm.
Most premises liability cases involve “accidents,” or unintended consequences of careless property owners. But what happens if you are the victim of an intentional act – a violent crime on someone’s property or at a place of business? […]
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