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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Workers’ Compensation Lawyers: Workers We Represent
Pennsylvania workers’ compensation attorneys helping workers in all industries
Maximize your benefits. Talk with a leading workers’ comp lawyer today
Even when workers take all safety precautions, they can still sustain unexpected injuries. In addition, many employees get sick from job-site conditions they cannot control. If you cannot work because of an on-the-job injury or illness, you may be eligible for Pennsylvania workers’ compensation benefits. However, to get your maximum benefits amount, you need an experienced lawyer with the knowledge, skill, and determination to you what you deserve. In short, you need a Pennsylvania workers’ comp lawyer from Munley Law Personal Injury Attorneys. Take the first step towards getting paid: schedule your free consultation today.
Injury lawyers who represent all kinds of Pennsylvania workers
Since 1959, Munley Law Personal Injury Attorneys has taken on businesses and insurances companies, […]
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Easton Premises Liability Lawyer
When you step onto someone else’s property, whether it’s a business, a public space, or a private residence, you expect to be safe. Unfortunately, accidents can happen, and when they do, you need experienced Easton premises liability lawyers to advocate for your rights. At Munley Law, we specialize in premises liability cases, ensuring that victims receive the compensation they deserve.
Why Choose Munley Law for Your Premises Liability Case in Easton?
Decades of Experience: Munley Law has been fighting for the rights of accident victims throughout Pennsylvania for over 60 years. Our Easton premises liability attorneys have a deep understanding of the intricacies involved in these cases.
Award-Winning Team: Our personal injury lawyers have consistently been named among the Best Lawyers in America and have been selected to Pennsylvania Super Lawyers. Our firm has received national recognition for our work in personal injury and premises liability litigation. […]
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Bethlehem Pedestrian Accident Lawyer
If you were struck by a car in the Lehigh Valley, you deserve a Bethlehem pedestrian accident lawyer who will fight for you
To get maximum compensation for your accident injuries, call us today.
Motorists kill and injure innocent pedestrians every day. According to the National Safety Council (NSC), 7,680 pedestrians died in traffic and non-traffic accidents last year. As such, the NSC’s Pedestrian Injury Facts report shows that pedestrians comprise at least 17.2% of all traffic deaths. However, the National Highway Traffic Safety Administration’s crash data excludes accidents on private property such as driveways and parking lots. As such, the true number and relative danger of pedestrian injuries and deaths is likely much higher. If a car or truck hit you or someone you love while walking, then you need a Bethlehem pedestrian accident lawyer who will do what it takes to win. […]
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Bethlehem Medical Malpractice Lawyer
If you need a Bethlehem medical malpractice lawyer to win justice for you, you need Munley Law Personal Injury Attorneys
Get justice, get results, and get maximum compensation for your injuries/illness caused by medical error in the Lehigh Valley
According to the Medical Malpractice Center (MMC), medical errors are the third leading cause of death in the United States. Unfortunately, preventable mistakes cause the deaths of 195,000 patients every year. Likewise, the MMC reports that 100,000 people die each year because of doctors’ failures to properly diagnose their illnesses. In fact, from 1986 until 2010, hospitals, healthcare companies, and doctors paid $38.8 billion to medical malpractice victims. If your doctor, nurse, or healthcare professional messed up your medical care, take action. Above all, you deserve justice and a Bethlehem medical malpractice lawyer who will fight for maximum compensation for your injuries. […]
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Hazleton Bus Accident Lawyer
If you were injured in a Hazleton bus accident, find a lawyer who will fight for the justice you deserve
Take the first step towards recovery by calling the bus accident team at Munley Law Personal Injury Attorneys today
If you suffered injuries after a Hazleton bus accident, Munley Law Personal Injury Attorneys is ready to help. Everyday, thousands of Pennsylvanians rely on Hazleton Public Transit (HPT) and Luzerne County Transit Authority (LCTA) to get where they need to go. Throughout Hazleton, Wilkes-Barre, Scranton, and the greater Luzerne County, buses bring passengers to work, school, appointments, and shopping districts. Although bus travel is usually a safe, reliable transportation option, everything can change in the blink of an eye when a catastrophic bus accident occurs. Bus crashes injure passengers, bus drivers, pedestrians, and occupants of other vehicles. They can occur unexpectedly on Hazleton’s roads and highways. […]
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