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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Workers’ Compensation Back Injury Claim
If you’ve suffered a back injury at work, hire an experienced workers’ comp attorney
A work-related back injury can have long-lasting affects, ranging from a few missed shifts to short-term or permanent disability. Pushing yourself to keep working despite a back injury can lead to a prolonged recovery process or permanent damage.
At Munley Law Personal Injury Attorneys, our Pennsylvania workers’ compensation lawyers can help you navigate the process of filing or appealing your claim so that you receive the compensation you need to recover from your back injury. Where full recovery isn’t possible, we will fight to recover the compensation you deserve to account for your new reality.
Common Workers’ Compensation Back Injury Claims
Filing a workers’ compensation claim for a back injury isn’t limited by your field or profession—anyone can sustain a back injury at work, […]
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Occupational Illness & Injury in Pennsylvania
In Pennsylvania, about 122,000 workers suffered occupational illnesses or injuries in 2019. Each year, more than 100,000 Pennsylvania employees experience an occupational injury on the job or in accidents related to their work. Unfortunately, 71 workers were killed on the job in Pennsylvania.
All of these workers are covered by the Pennsylvania Workers’ Compensation Act. Under this workers’ comp law, all work injuries and illnesses resulting in death, permanent impairment, or loss of time beyond a day or shift are covered. This means that any employee who suffers a work-related illness or injury may be eligible to receive compensation for his losses, including money to pay for lost wages, medical expenses, or disability. In addition, family members of workers who suffer a fatal injury and die may receive compensation to help them get back on their feet after the death of their loved ones.
If you or a loved one suffered a workplace injury, […]
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Is it Better to Settle or Go to Trial?
Experienced Personal Injury Lawyer Can Help Determine Next Steps in Your Case
During the course of your lawsuit, your personal injury lawyer will discuss your options for settling your case or going to trial. A well-negotiated settlement can leave you financially secure while ending your lawsuit quickly but runs the risk of undervaluing your claim. On the other hand, a winning verdict at trial can bring you the compensation you deserve for your injuries, but at the cost of a lengthy and overwhelming court battle.
Your personal injury lawyer for your accident lawsuit is unique. That is why you need an experienced personal injury lawyer with negotiation skills, a track record of winning verdicts, and a history of reaching bold settlement agreements to help you decide on the best path forward. There are pros and cons to both settling a personal injury case and going to trial. […]
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Light Duty and Workers’ Compensation
A workers’ comp lawyer at Munley Law Personal Injury Attorneys explains “light duty” assignment after a work injury
If you get injured at work, your employer may offer you “light duty” as an alternative to being out of work completely. But this can present a host of questions: What is considered light duty? Will accepting an offer of light duty work prevent me from collecting workers’ compensation? Will I be paid the same salary for light duty work?
Often, people have many valid questions concerning their workers’ compensation claim and precisely what it means if a doctor clears them for light duty. If you have questions about how light-duty work will affect your workers’ comp claim in Pennsylvania, you may want to consult with an experienced workers’ comp lawyer.
What is Light Duty Work?
Typically, when an employee is hurt in a work-related accident, […]
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Bicycle accidents and auto insurance in Pennsylvania
Munley Law Personal Injury Attorneys personal injury lawyers explain: bicycle accidents and auto insurance
What if you were involved in a bicycle accident in Pennsylvania and suffered a serious injury? If your bicycle was hit by a motorized vehicle, whose insurance company is responsible – yours or the motor vehicle drivers? What if no one was at fault? Can you file an insurance claim or a lawsuit requesting reimbursement for pain and suffering resulting from a bicycle accident? Auto insurance in Pennsylvania offers both full tort and limited tort policy choices. What does that mean? How does it apply to bicycle accident coverage?
Accidents involving bicycles happen all too frequently. It pays to be aware of the details of how insurance coverage works. But the issue can become complex in many cases. Hiring a Pennsylvania bicycle accident lawyer can help you receive the benefits you deserve if you are a victim of an injury caused by an accident that happened while riding your bicycle. […]
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