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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Frequently Asked Questions About Sepsis
Sepsis FAQ: I Was Diagnosed with Sepsis–Can I Sue the Hospital?
What is sepsis and is it serious?
According to the Center for Disease Control and Prevention (CDC), sepsis is the body’s extreme inflammatory response to an infection that occurs when harmful germs, bacteria, and toxins enter the blood, skin, lungs, urinary tract, or other tissue and cause an infection. If that infection is not treated, it can spread and cause sepsis.
The CDC classifies sepsis as a life-threatening medical emergency, sometimes resulting in the need for amputation, organ failure, and death.
Sepsis has a remarkably high mortality rate; about 50% of the 1.5 million people who contract it go into septic shock.
What Causes Sepsis?
Any infection can cause sepsis, but the most common types of infections that eventually lead to sepsis are:
- Pneumonia and Other Lung Infections
- Urinary Tract Infections
- Abdominal Infections
- Bloodstream Infections
- Kidney Infections
- Skin Infections
According to the CDC, […]
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Failing to signal causes countless accidents
We’ve all experienced this kind of bad driving: a driver turns in front of you or merges into your lane unexpectedly without using their turn signal. It’s not just inconsiderate – getting lazy with the turn signal leads to crashes every day.
Over 750 billion times per year, drivers fail to properly use their turn signals. According to a study by the Society of Automotive Engineers (SAE), drivers fail to signal when switching lanes 48% of the time and fail to signal when turning 25% of the time. Motorists also improperly leave their blinkers on long after changing lanes or use the wrong turn signal an additional 10% of the time
Why Are Turn Signals So Important?
The SAE study demonstrates a need for more research to understand and combat the problem of turn signal neglect. But why is it so important that drivers use turn signals when changing lanes, […]
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Business Interruption Insurance
Business interruption insurance is designed to cover the loss of income normally earned by a business as a result of the forced suspension of operations. Unlike property insurance, which covers physical damage, business interruption insurance protects against lost income while the business is closed, and during the rebuilding period after the closing.
Given the current coronavirus pandemic, the Governor of the state of PA, along with governors in many states throughout the country, has issued a state-wide mandate requiring all non-essential businesses to close. As a result, businesses are looking to their business interruption insurance to help them survive.
Most business interruption policies will cover:
Profits that would have been earned, based on prior financial statements
Fixed costs still being incurred despite the closure
Extra expenses to allow the business to continue to operate until a return to more normal circumstances
Employee wages to allow you to retain your employees
Taxes to allow you to remain current on taxes and avoid penalties
Loan payments
When businesses are allowed to re-open, […]
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Risks to Truckers During Coronavirus Epidemic
Trucking can be a lonely job during the best of circumstances. Drivers spend extended amounts of time away from family and friends while they drive their rigs across long highways. But driving during a pandemic, with all individuals asked to maintain social distancing of 6 feet, creates a whole new level of isolation. Long haul drivers are spending nearly 24 hours a day in their trucks – cooking, sleeping, “relaxing” all done within the confines of their cab.
Truck drivers are keenly aware that if they contract COVID-19, they have the potential to spread it around over the vast geographic area that they travel. They are also aware that without their continuing to work, not only do they not have an income, but ever increasing demand for shipped goods, will not be delivered. As more and more states ask their residents to stay at home, […]
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How to get tested for COVID-19 in Philadelphia
The landscape of how and where to get tested is evolving, as more drive through test sites are opening up. But right now, here are your testing options:
Abington Hospital, Abington Township
Testing only with a referral from an Abington-Jefferson Health physician.
See more details here.
Penn Medicine, West Philadelphia and Radnor locations
Testing available to anyone experiencing coronavirus-like symptoms.
If you’re a Penn Medicine patient, you should contact your health-care provider for a referral.
If you are not a Penn Medicine patient, you should call their toll-free hotline at 833-983-1350.
See more details here
Temple University, Ambler campus in Upper Dublin Township
Tests by appointment only to people who meet one or more of the following criteria:
Symptoms of sudden illness such as fever, […]
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