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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Harrisburg Nursing Home Abuse Lawyer
In the heart of Harrisburg, PA where history and modernity coalesce, lies a crucial battlefront for justice and compassion. Nursing homes are meant to provide a safe haven for our elderly loved ones, offering them the care and respect they deserve in their later years. We’d all love to believe that when a loved one relocates to a long term care facility, they are surrounded by staff members who have their best interests at heart, and the care provided is top tier. Unfortunately, this is not always the case. Instead, nursing home negligence cases are all too common, and outright abuse is a distressing reality.
The good news is that nursing home abuse has found a formidable adversary in the legal team at Munley Law. Nestled in Pennsylvania’s vibrant capital, Harrisburg, Munley Law stands as a beacon of hope for those who have suffered neglect and mistreatment.
With their unwavering dedication and intricate understanding of the local legal landscape, […]
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Williamsport Workers’ Compensation Lawyer
If you’ve been injured while on the job in Williamsport, PA, you understand the impact it can have on your life. The bustling industries that make up the heartbeat of our city can sometimes lead to unforeseen accidents, leaving hardworking individuals like you facing physical, emotional, and financial challenges. At Munley Law, we’re not just attorneys – we’re your dedicated advocates, ready to stand by your side and help you navigate the intricacies of the Pennsylvania workers’ compensation system.
Your Williamsport Workers’ Compensation Partner
Williamsport thrives on its strong work ethic and vibrant industries. Whether you’re part of the manufacturing sector that keeps our city’s wheels turning or contributing to the service industries that serve our community, your dedication matters. When a workplace injury threatens to disrupt your life, Munley Law is here to ensure you get the support you need.
As your Williamsport workers’ […]
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Pottsville Workers’ Compensation Lawyer
If you’ve suffered a workplace injury in Pottsville, PA, you’re not alone. Pottsville’s industrious community is the heart of Schuylkill County, driving various industries that contribute to our city’s growth. But accidents can happen, leaving hardworking individuals like you facing physical, emotional, and financial hurdles. At Munley Law, we’re not just attorneys – we’re your dedicated advocates, ready to stand by your side and help you navigate the complexities of the Pennsylvania workers’ compensation system.
Your Pottsville Workers’ Compensation Partners
Pottsville, set amidst the picturesque landscapes of Pennsylvania, is a city where hard work is celebrated. Whether you’re working in our bustling manufacturing sector, the healthcare field, or any other industry that defines our community, your dedication matters. However, when an unexpected workplace injury threatens your livelihood, Munley Law is here to ensure you receive the support you need.
As your Pottsville workers’ […]
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Harrisburg Workers’ Compensation Lawyer
Munley Law: Your Trusted Harrisburg Workers Compensation Lawyers
Munley Law: Your Trusted Harrisburg Workers Compensation LawyersHarrisburg, Pennsylvania’s beautiful capital city, thrives on its dynamic industries, ranging from government institutions to various private sector workplaces. Whether you’re a part of the local manufacturing sector, contributing to the healthcare industry, or any of the diverse workplaces that define our city, your commitment matters. When a workplace injury threatens to disrupt your life, your Harrisburg workers compensation lawyer at Munley Law is here to ensure you receive the support you deserve.
As your Harrisburg workers’ compensation lawyers, we possess an in-depth understanding of the local landscape. From the historic Pennsylvania State Capitol building to the renowned medical facilities that serve our residents, we’re well-acquainted with Harrisburg’s unique challenges. With this hyper-local knowledge, we’re prepared to tailor our legal strategies specifically to your situation, ensuring you obtain the compensation you’re entitled to right here in Harrisburg. […]
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Harrisburg Workers Compensation: Specific Loss Benefits
Workers’ Compensation Specific Loss Benefits Explained
Workers’ Compensation Specific Loss Benefits ExplainedSpecific loss benefits are designed to compensate an injured worker for the loss or permanent damage of a body part or function due to a work-related injury. These benefits are designed to compensate for the impairment and loss of use of specific body parts or functions. While the Pennsylvania Workers’ Compensation Act outlines the specifics of this benefit, let’s break down the key aspects:
Eligibility and Coverage:
- Injured workers who experience the permanent loss of a body part, such as a limb, finger, toe, or an organ, are eligible for specific loss benefits.
- This benefit also applies to the permanent loss of function or use of a body part. For instance, if an injury results in the loss of vision, hearing, or mobility, you may be entitled to specific loss benefits. […]
