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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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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Workers’ Compensation Lawyer for Walmart Warehouse Injuries
Workplace injuries are common, especially in warehouse settings with many moving parts. However, when you are injured at work, you may wonder what rights you have. Even more, you may wonder if the size of the company you are employed with will impact the value of your claim.
Munley Law Personal Injury Attorneys is here for warehouse workers seeking a workers’ compensation lawyer.
Potential Dangers in Walmart Warehouses
From moving machinery, forklifts, ladders, toxic chemicals, and slick floors, warehouses are full of potential dangers for employees. These spaces are often busy, no matter the time of day your shift may be.
While companies both large and small owe a duty of care to their employees to maintain safe working conditions, sometimes accidents occur.
In those cases, employees may need to seek a workers’ […]
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Workers’ Compensation Lawyer for TJ Maxx Warehouse Injuries
When a workplace injury occurs, you likely are filled with panic of the prospect of lost wages, unpaid medical bills, and the unknown of when and if you can return to work. For TJ Maxx warehouse employees, the physical demands of the position make them susceptible to workplace injury. However, they may not know who to turn to when an accident occurs.
The Munley Law Personal Injury Attorneys workers’ compensation lawyers are ready to represent TJ Maxx warehouse employees in their workers’ comp claims.
Common Workplace Injuries in TJ Maxx Warehouses
Warehouse employees know that the hustle and bustle of these spaces in and of themselves can be dangerous. From forklifts transporting heavy pallets to loud noises and large machinery, accidents occur even to the most trained employee.
However, as time progresses, technology has taken on many roles in manufacturing, […]
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