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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Commercial Semi-Truck Accident Lawyer
The Nation’s Leading Truck Crash Lawyers
When you’ve been injured or lost a loved one in an accident with a commercial semi truck, your choice of lawyer matters. These cases should only be handled by qualified experts, and not all personal injury lawyers are equipped to handle commercial semi truck accident cases. Our attorneys’ specialized knowledge and depth of experience with heavy trucking cases are what set Munley Law Personal Injury Attorneys apart.
At Munley Law Personal Injury Attorneys, two of our lawyers (Marion Munley and Daniel Munley) have served as Chair of the American Association for Justice (AAJ) Trucking Litigation Group. We are among an elite group of lawyers board certified in truck accident law. Lawyers around the country turn to us to assist with their most complex commercial truck cases against powerful transportation companies. Our reputation as the nation’s leading truck accident team was earned through decades of success in achieving landmark settlements and trial verdicts. […]
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Truck Accidents and Traumatic Brain Injuries
You Have Suffered a Traumatic Brain Injury (TBI) in a Truck Collision. What Do You Do Now?
Every day, we share the roads with large commercial vehicles. Our daily commutes and weekend trips bring us into close proximity to big rigs multiple times a day. Usually, there is no incident. But when we are involved in a large truck accident, it can be catastrophic. Due to their sheer size and weight, a semi-truck or big rig accident can cause severe injury such as traumatic brain injury to the driver or passengers in the other vehicle.
If you, a family member, or another loved one has been involved in a large truck accident that results in traumatic brain injury, you might be entitled to compensation for your injuries. You need an experienced Pennsylvania truck accident attorney who can fight alongside you to help you get your life back, […]
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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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