Insurance

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

Child Brain Injury Lawyer

Traumatic Brain Injury in Children & Infants

Child Brain Injury Lawyer

Every parent and caretaker’s primary goal is to keep their children safe, happy, and healthy. But unfortunately, sometimes unforeseen events and accidents can’t be avoided, even when all proper precautions have been taken.

An injury in a child is devastating and stressful for both the child and their entire family, particularly when that injury involves the brain. In fact, a study published by the National Center for Biotechnology Information cited traumatic brain injury as “the leading cause of death and disability in children”.

If your child or a child in your life has experienced a brain injury, first and foremost, we are deeply sorry for your suffering. Please know that you are not alone — you have the right to recover both justice and financial compensation for your trauma. At Munley Law Personal Injury Attorneys, […]

When Should a Philadelphia Personal Injury Lawyer Be Used?

Injured Due to Negligence? A Philadelphia Personal Injury Lawyer Can Help

Scranton personal injury attorneys A personal injury lawyer should be used anytime there is an injury, either physical or emotional, resulting from possible negligence. If you’re asking “when should a Philadelphia personal injury lawyer be used?” the answer could be many different scenarios. This might look like a lot of different situations ranging from a car or truck accident to slipping and falling on a construction site.

Many different types of accidents might necessitate the use of a Philadelphia personal injury lawyer. Think bus (SEPTA) accidents, slip and fall accidents, car accidents resulting in injuries, and construction site dangers that resulted in harm to you or one of your loved ones.

At Munley Law Personal Injury Attorneys, we work on a contingent basis. We only get paid if we win your case. […]

Do I Have to Go Back to Work After My Workers Compensation Ends?

Returning to Work After Workplace Injury

allentown workers comp lawyer warehouse distribution center If you’re currently receiving workers compensation benefits after an injury on the job, you could be wondering: “Do I have to go back to work after my workers compensation ends?” You must only return to work after a medical professional has evaluated you and confirmed you are recovered from your injury.

Your employer and your employer’s insurance company have a financial interest in seeing you return to work sooner. However, you should only return to work once you have recovered fully from your work related injury.

If you are feeling pressured to return too soon, or want to understand if you have a workers compensation claim to begin with, contact Munley Law Personal Injury Attorneys today for a free consultation. An experienced workers’ compensation attorney can help guide you through the workers’ […]

Do All Workers Compensation Cases End in a Settlement?

Understanding Workers Comp Settlement Cases

allentown workers comp lawyer warehouse distribution center While it’s true the vast majority of workers compensation cases end in a settlement, there are occurrences where it could end in court. Usually, the insurance or employer can come to an agreement with the injured employee that works best for both sides.

However, if you’re asking “Do all workers compensation cases end in a settlement?” the answer is no. If for any reason, there is not an agreed settlement, a workers compensation case can be sent to a judge to make a ruling.

To ensure you receive maximum compensation, or in the case of a trial, the best representation, you should have an experienced lawyer by your side. The workers compensation lawyers at Munley Law Personal Injury Attorneys have been representing the hardworking people of Northeastern Pennsylvania for more than 60 years. […]

How Common Are Slip and Falls?

Slip and Falls Accidents are Very Common

Slip and fall accidents remain one of the most common causes of injury in the United States with more than 3 million older adults being treated in emergency rooms for fall injuries each year. Further, slips, trips, and falls remain the most common cause of injury in retail stores.

While these accidents are common, they also can be costly. Learn more about the common causes, injuries, and costs of slip and fall accidents and how the slip and fall lawyers at Munley Law Personal Injury Attorneys can help.

What Are Common Causes of Slip and Fall Accidents?

Slip and fall accidents can occur anywhere– in residential, commercial, industrial, and public places. Because of this, there is a responsibility for everyone to keep spaces clear and free of hazards. Unfortunately, […]