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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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 truck accident in Wilkes-Barre, contact the Wilkes-Barre truck accident lawyers at Munley Law. 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’ […]
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When Should I Hire a Workers’ Compensation Lawyer?
Do I Need a Workers’ Compensation Lawyer?
When you have suffered a work injury, you might be wondering if you need a workers’ compensation lawyer and if so, where in the workers’ compensation process you should think about hiring a Pennsylvania workers’ compensation lawyer.
When you are injured at work or if you are suffering from an occupational illness, you are dealing with the anxiety of lost wages, mounting medical bills, and navigating the unfamiliar PA workers’ compensation system. After a work injury or diagnosis of an occupational disease, millions of injured workers wonder when is a good time to call a workers’ comp attorney. The short answer? Call for help as soon as you get hurt on the job or as soon as you have a diagnosis of your work-related illness.
The process for filing your workers’ comp claim may seem straightforward, […]
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What is an Impairment Rating Evaluation?
If you or your loved one have been injured at work and are seeking workers’ compensation, you may be required to undergo an impairment rating evaluation to determine the extent of whole-body impairment caused by the workplace injury.
When an employer or insurance company requests an Impairment Rating Evaluation (IRE), it is to evaluate the total or partial disability of the injured worker so as to ensure the appropriate amount of disability pay is provided. Currently, Pennsylvania law requires an employer to pay total disability benefits for any employee at or above 35 percent disabled.
Unfortunately, many times an employer requesting an IRE is looking to reduce the number of benefits they are paying out by getting an evaluation that reports less than 35 percent disabled.
It is important that you or your loved one consult with an experienced workers’ compensation lawyer if you receive a notice for an impairment rating evaluation. […]
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