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.
More information about Insurance
Workers’ Compensation and Dealing with Doctors
A Workers’ Compensation Lawyer Can Help You Navigate Doctors and Treatment
A doctor can have a huge impact on your workers compensation claim, and you’ll want an experienced workers’ compensation lawyer on your side to help you navigate the process. After you suffer a workplace injury and file a workers compensation claim, your insurance company will send you to a company-approved doctor for an exam. This doctor will give you an Independent Medical Exam (IME), and is meant to be a neutral third party who can assess your injuries.
However, these doctors are still hired by the insurance company, so you need to be wary. Their intentions might not be the most altruistic in helping you seek help for your injuries. Insurance companies are not quick to hand out compensation for injuries, […]
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Workers’ Compensation Denial & Appeals
Workers’ Compensation Denial & What You Can Do
If you have received a denial letter for your workers’ compensation claim, it could be for several different reasons. Your employer may deny responsibility for your injury, the insurance company may suspect you have a pre-existing condition, or it may be a simple error with your paperwork. Whatever the reason, if you have been injured at work, you may be able to appeal the denial.
It’s not uncommon for workers’ compensation claims to be denied. This is where a workers’ comp lawyer can help. You are entitled to workers’ compensation benefits when your work duties result in an injury or illness, or aggravate a previous ailment. Benefits include medical bills and lost wages. Contact a work injury lawyer at Munley Law Personal Injury Attorneys for help appealing your denied claim. […]
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Determining Fault in an Auto Accident
After a car accident, hold the driver at fault accountable
The nation’s #1 personal injury lawyers explain how to determine who caused an auto collision
A crash can unquestionably change everything. Most people think that it won’t happen to them. However, 6 million drivers and passengers collide every year. The Centers for Disease Control and Prevention (CDC) reports that 3 million of those accident victims suffer serious injuries. Each year, 38,000 die in fatal car, SUV, and truck crashes. In addition to these tragic injuries and deaths, auto collisions are tremendously costly. In fact, the CDC reports that “medical care costs and productivity losses associated with injuries and deaths from motor vehicle crashes exceed $75 billion.” In most causes, determining fault in an auto accident is also the first step towards figuring out who must pay a crash victim’s expenses. […]
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Healthcare and Medical Workers’ Comp Lawyer
If you are an injured healthcare employee, then you need a lawyer who can maximize your workers’ comp
Pennsylvania’s #1 workers’ comp law firm is here to help
If you work in the healthcare or medical profession, you spend your time helping sick and injured patients get better. However, you are not immune from injuries and illnesses yourself. In fact, the U.S. Bureau of Labor Statistics reports that out of every industry, healthcare workers face the greatest risk of injury. In other words, medical professionals are more likely to get hurt than construction, manufacturing, or production jobs. When healthcare employees suffer on-the-job injuries, they need to cover their medical and personal costs with workers’ comp. To do so, they need experienced workers’ compensation lawyers who will fight for them. They need Munley Law Personal Injury Attorneys. Call today for a free consultation with one of our award-winning workers’ […]
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What is Discovery?
Understanding your lawsuit’s discovery phase
If you recently filed a lawsuit, then you likely have questions about how your case will progress. Clients often ask our attorneys about discovery. In fact, most civil plaintiffs and defendants have never heard of the discovery phase of a trial. They have no idea what discovery is. As such, our award-winning personal injury team is here to explain discovery and what you can expect during this phase of litigation.
According to the American Bar Association, discovery is “the formal process of exchanging information between the parties about the witnesses and evidence they’ll present at trial.” In other words, it is a mechanism for obtaining the info and evidence that you need to win your case.
The phases of a civil trial
In order to fully understand the discovery phase, […]
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