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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Who Is Not Covered by Workers’ Compensation?
Injured on the Job? A Workers’ Compensation Lawyer Can Help You Understand Your Case
When a workplace accident occurs, many employees count on workers’ compensation claims to help cover their medical expenses and/or lost wages during recovery. Though it can require a bit of a battle, compensation is a right that many workers are entitled to.
However, some workers are not eligible to file workers’ compensation claims, which could leave them to cope with an injury alone. Determining whether you are eligible to claim workers’ compensation—particularly when an employer says you are not—can be challenging and it often boils down to whether you are an employee, directly supervised and directed by your employer, or whether you are an independent contractor, working on a particular project but given free reign on how the project or task is accomplished.
If you have been injured on the job, […]
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Workers’ Compensation for Fabri-Kal Warehouse Injuries
Understanding Workers’ Compensation for Fabri-Kal Warehouse Injuries
Over the last few years, warehouse injuries have become more common across the United States. Due to a combination of increased product demands, staffing shortages, and shipping delays requiring quick turnaround times for products to be prepared, more employees are getting hurt on the job.
When employees become injured at work, they need an advocate in their corner to help them through the workers’ compensation process. If you are employed by Fabri-Kal warehouses or have a similar occupation where you were injured on the job, the workers’ compensation lawyers at Munley Law Personal Injury Attorneys are here for you.
What Workplace Injuries Are Common At Warehouses Like Fabri-Kal?
In 2017, a man employed by the Mountain Top, Pennsylvania location of Fabri-Kal filed a personal injury lawsuit after an accident involving a tractor-trailer owned by the company caused injuries. […]
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When Should I Settle My Workers’ Compensation Claim?
Understanding Workers’ Comp Settlements
Figuring out when to settle is probably the most important decision you’ll make during a workers compensation case, second only to the decision of how much to settle for. Often though, these questions are addressed in tandem, as negotiation between parties can result in multiple settlement offers. However, because each case is unique, there is no magic number or straightforward timeline for when and how much to settle for.
For advice personalized to your case, please reach out to us today for your free consultation. Our team at Munley Law Personal Injury Attorneys has over 60 years of experience with workers’ compensation cases, and have won a number of multi-million workers’ compensation settlements for our clients.
What is covered by workers’ compensation?
If you are a resident of Pennsylvania and were injured in a workplace accident, […]
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What is the Average Value for Workers’ Compensation Settlements?
Understanding Workers’ Compensation Settlements
The average value for a workers’ compensation settlement is $42,008. But for a few reasons, this is not a reliable ‘average’ value for a workers’ compensation settlement. Settlements can range from $2,000 up to $40,000, or even into the millions in rare cases. Because all injuries are different, the average payout is not the best gauge of how much you can expect to receive if you settle. For example, the medical expenses alone for an injury that requires surgical care will likely be much higher than injuries that do not require such corrective action. As such, there is no “one size fits all” settlement. In this article, we will walk you through the basics of workers compensation, the settlement and claims process, and finally break down settlements by injury type.
Please be advised that the information below is loosely general. […]
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Four Types of Workers’ Compensation Benefits
What are the Different Types of Workers’ Compensation Benefits?
In the midst of a workplace injury, it is natural to feel overwhelmed. If you or a loved one was injured in a workplace accident, Munley Law Personal Injury Attorneys expresses its deepest sympathies. Recovering from an injury you suffer at work can be a challenging time. Between managing your health, navigating the claims process, and figuring out how to move forward with your employer, the last thing you need to do is waste energy worrying about what your workers’ compensation benefits will cover.
To demystify workers’ comp, we’re breaking down everything you need to know about your benefits. To learn more about when to hire a workers’ compensation lawyer, what types of injuries are most common, and how Munley Law Personal Injury Attorneys can serve you, read on. For more specific recommendations about your case, […]
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