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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Why Do Most Personal Injury Cases Settle?
Will my personal injury case settle?
Although popular television shows and movies give the illusion that every legal case culminates with a dramatic trial, the reality is that over 95% of all cases and almost 96% of personal injury cases settle out of court. While many personal injury plaintiffs are eager for an opportunity to have their day in court so that they can tell their story to a judge and jury, it is important to understand the benefits and drawbacks of both trials and settlements. Our Wilkes-Barre personal injury lawyer explains.
Why Do You Need a Personal Injury Lawyer From Munley Law?
It is also important that victims of catastrophic accidents choose a legal team that understands these nuances and knows how to negotiate with hospitals, businesses, and insurance companies in order to maximize their clients’ winnings. Time and time again, […]
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Do You Have to Go to Court for a Car Accident?
Like over 104,000 Pennsylvania state residents, you might find that you have gotten in an automobile accident (Pennsylvania Department of Transportation). Being in an automobile accident, alone, is difficult enough. However after the crash, you may feel even more overwhelmed once law enforcement, insurance companies, lawyers, and even perhaps doctors get involved with your case. Many may experience confusion over what obligations they are under immediately following the crash.
You may find yourself asking, “Do You Have to Go to Court for a Car Accident?”
Even the most minor crashes can be traumatic experiences. We therefore recognize that car accidents can be particularly difficult times in a driver’s life. If you or a loved one was involved in a crash, we express our most sincere condolences. Working with an experienced car accident lawyer can make a huge difference, […]
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What is the Difference Between Workers’ Compensation and Disability?
If you become hurt at work, you’ll likely begin the process of filing a workers’ compensation claim with your employer to try to get your financial compensation secured for the duration of time you’ll be off the job. However, some employees also qualify for disability benefits through the government.
Many people do not know that there is a difference between workers’ comp and disability but what they do and how they get paid out do differ. To help understand the difference, reach out to an experienced Munley Law Personal Injury Attorneys workers’ comp lawyer.
Key Differences Between Workers’ Compensation and Disability
When you suffer a workplace injury, you may be able to recover losses from workers’ compensation, disability benefits, and Social Security disability insurance, depending on the severity of your case. […]
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Workers’ Compensation for Boscov’s Warehouse Injuries
In 2020 alone, there were 213,100 warehouse-related injuries and 8,300 warehouse illnesses reported. In fact, in 2019, the warehouse sector was responsible for the second-highest number of fatal workplace injuries compared to all other industries.
If you work in a Boscov’s warehouse or another retail supplier and manufacturer, the workers’ compensation lawyers of Munley Law Personal Injury Attorneys can guide you through the workers’ compensation process.
The Boscov Story
Boscov’s Inc. is America’s largest family-owned department store with 48 locations in Pennsylvania, New Jersey, Maryland, New York, Connecticut, Delaware, Ohio, and Rhode Island.
The first Boscovs opened in 1918 in Reading, Pa. In the 1980s, the chain opened operations in Delaware and New York. By the early 1990s, locations had opened in Maryland and New Jersey. It wasn’t until the mid-2010s that stores would expand into Ohio, […]
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Workers’ Compensation for Pepperidge Farm Warehouse Injuries
While there are many warehouse injuries that can leave employees out of work in the short or long-term, the risks for those employed in the food and beverage manufacturing industry can vary. For employees at Pepperidge Farm Warehouses, this is a decades-long problem and one that is likely not going anywhere.
If you are employed by a Pepperidge Farm warehouse or another food and beverage manufacturer and become injured, the workers’ compensation attorneys of Munley Law Personal Injury Attorneys are here to help.
What is Pepperidge Farm?
Pepperidge Farm is an American commercial bakery founded by Margaret Rudkin. For more than 75 years, the company has been a manufacturer of cookies, crackers, breads, and other baked goods. Pepperidge Farm became a subsidiary of the Campbell Soup Company in the 1960s.
Though based in Norwalk, Connecticut, the company has numerous warehouse locations, […]
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