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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How Do I Know I’m Covered Under Workers’ Compensation?
Workplace accidents happen, and when they do the last thing an injured worker should have to worry about is whether coverage is in place to compensate him while he recovers.
Pennsylvania’s Workers’ Compensation Act requires employers to provide coverage for nearly all employees regardless of full-time, part-time, or seasonal status. However, volunteers and independent contractors may not be covered.
If you have been injured at work, let the workers’ compensation attorneys at Munley Law Personal Injury Attorneys help you get the most out of your compensation claim. Our workers’ comp lawyers will review your case, help you gather any documents you need, and work tirelessly until you win the compensation you are entitled to.
What is the Workers’ Compensation Act?
Pennsylvania’s Workers’ Compensation Act specifies compensation to workers who are injured in the workplace, […]
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Workers Compensation Lawyer for Sam’s Club Warehouse
Sam’s Club is a chain of warehouse stores that scores profits of $50 billion every year, boasting member-exclusive priced home and lifestyle products. However, due to the immense range of products and the speed with which the staff must work to process large order quantities, accidents amongst employees can happen. Some of these incidents could lead to life-altering injuries that require ongoing medical attention and lowered lifetime earning capacity.
The risk of injury is present for all American warehouse workers. In 2020 alone, there were 213,100 warehouse-related injuries reported in the US. The year prior, the warehouse industry saw the second-highest number of fatal workplace injuries in any industry.
If you’re one of the nation’s 100,000 Sam’s Club employees, you know that the company has faced some profiled injury settlements. As of January 2022, Sam’s Club operates 600 membership warehouse clubs in the United States. […]
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What If I Get Into a Car Accident and I Don’t Have Insurance?
Car accidents are unfortunately much more common than one might think. According to the Pennsylvania Department of Transportation, in 2020 there were 104,475 reportable traffic crashes in Pennsylvania. This means that roughly one in every 57 Pennsylvania residents was involved in a reportable accident.
If you or a loved one was involved in a crash, you may benefit from seeking out an experienced car accident lawyer. The car accident attorneys at Munley Law Personal Injury Attorneys can help. Contact us today for a free consultation to discuss the specifics of your case.
Minimum Car Accident Insurance Required in Pennsylvania
Pennsylvania law requires motorists to have both a drivers’ license and vehicle liability insurance before getting behind the wheel, according to Pennsylvania DOT Driver & Vehicle Services. Vehicle liability insurance covers medical expenses, […]
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What Are My Options If I Sustain a Burn Injury at Work?
The threat of burns can be more common than you think. In 2020 alone, more than 60,00 Pennyslvanians suffered a burn-related injury at their workplace. In the same year, The Pennsylvania Department of Health reported that more than 1,500 people in the state were admitted to hospital due to injuries sustained from hot objects, corrosive substances, or flames and fire. These injuries can be life-altering and require the utmost attention and care.
Burns damage our tissue, often due to heat, chemical contact, overexposure to the sun or other radiation, or electrical interaction. Burns can be a minimal inconvenience, but sometimes they can be deadly. You may not know for a day or two how severe a burn is, as it takes this amount of time for the signs and symptoms to fully develop. The treatment of burns can vary greatly, too. Sunburns and small scalds can more likely be treated at home, […]
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What Information Should I Obtain From the Other Driver After a Car Accident?
We all know the basics of car accident etiquette. Remain calm, check yourself and your passengers for injuries. And of course, swap contact information with the other driver(s) involved. But what additional information should you obtain from the other driver after a car accident? Further, how do you obtain that information during a stressful situation?
What Basic Information Is Needed From The Other Driver?
There is no doubt that car accidents are stressful and still, incredibly common. According to Driver Knowledge, more than 90 people die in car accidents every day.
Be it from distracted driving, driving under the influence, speeding, road conditions, etc., when a car collision occurs, drivers need to be prepared to take action immediately.
In general, […]
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