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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18 Wheeler Accident Lawyers
Every 16 minutes, a person is killed or injured in a truck accident. Eighteen-wheelers, in particular, injure more than 90,000 people every year, and in 2023 alone, an estimated 5,078 people died in 18-wheeler accidents. For the last 10 years, fatal large truck accidents have risen while the trucking industry continues to call for relaxed safety regulations.
If you or your loved one has been injured or killed in an accident with an 18-wheeler, get help from an experienced 18-wheeler accident lawyer. Call one of the nation’s leading truck accident lawyers at Munley Law today for a free case review.
Our law firm is dedicated to helping victims of all types of truck accidents, including 18-wheeler commercial vehicles. We have spent years fighting against trucking companies and winning cases for victims of truck accidents, just like you. We have the experience and resources to take on these companies and want to put that work in to help you. […]
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How to Deal With Workers’ Comp Insurance Adjusters
If you were injured at work, your employer and their insurance company are legally obligated to help you with the unforeseen expenses that come along with the injury. Workers’ comp benefits cover medical bills and lost wages if your workplace accident requires you to miss days at work. While workers’ comp law is designed to protect workers and employers, things can often be missed.
If you need help with workers’ comp law and compensation benefits, or if you need help filing a personal injury claim on top of workers’ comp, reach out to an experienced workers’ compensation attorney at Munley Law. Our lawyers will make sure you receive the workers’ comp benefits you are entitled to following a work-related injury.
What Is a Workers’ Compensation Insurance Claims Adjuster?
Workers’ compensation claim adjusters are employees of the insurance company. Adjusters are sometimes referred to as case managers or claim managers. […]
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What Is Product Liability?
Product liability refers to the legal responsibility of manufacturers, distributors, retailers, and other parties involved in the production and distribution of consumer products. When a defective or dangerous product causes harm or injury to consumers, product liability laws hold these entities accountable for the damages. Product liability cases can arise from various types of defects, including design defects, manufacturing defects, or failure to provide adequate warnings or instructions
When consumers purchase and use products, they have a reasonable expectation that those products are safe and free from defects. However, if a product is found to be defective and causes harm, the injured party may have the right to seek compensation through a product liability claim. Product liability laws are designed to protect consumers and ensure that manufacturers are held accountable for the safety of their products
How Does Product Liability Work Exactly? […]
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Can You Use PTO While on Workers’ Compensation?
Using PTO on Workers’ Compensation
For some injured workers, there may be the option to use paid time off (PTO) while on workers’ compensation. However, utilizing those vacation days, sick time, personal days and holidays may not actually always be the most beneficial move depending on your state’s workers’ compensation laws.
Before you use or request any PTO, understand the benefits and drawbacks of doing so while on workers’ compensation.
Why Should You Use PTO While on Workers’ Compensation?
Many people don’t realize that workers’ compensation only covers a portion of your regular income. So, if you are the primary income earner in your household and are on an extended leave of absence because of injury, you may face financial struggles. Your PTO may be able to recoup some of those financial losses to account for the percentage of your income that workers’ […]
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Pennsylvania Product Liability Lawyer
Consumers have a reasonable right to expect their products to be safe to use as advertised. Product liability law protects consumers hurt by unsafe products and holds negligent manufacturers and retailers accountable. If you’ve suffered an injury or illness because of a dangerous product, a Pennsylvania product liability lawyer at Munley Law can help you get the justice you deserve. We have successfully handled numerous cases against industrial manufacturers, automotive companies, medical device makers, and other big companies whose products caused harm.
Contact us today for a free consultation. We do not get paid unless we win your case.
What Is a Product Liability Claim?
A product liability claim is a legal claim brought against a product manufacturer, distributor, supplier, or retailer that caused a consumer injury or harm due to a defect or failure in the product. These claims are based on the principle that manufacturers and sellers must ensure their products are safe. […]
