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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Reading Workers’ Compensation Lawyer
If you’ve been injured on the job in Reading, Pennsylvania, a Reading workers compensation lawyer at Munley Law can be your most powerful advocate. At Munley Law, we understand the physical, emotional, and financial toll a workplace injury can take on you and your family. Our board-certified workers’ compensation attorney is committed to helping you get the compensation you need to recover and move forward with your life.
If you were injured at work and are having issues with your workers’ compensation claim, contact our Reading worker injury lawyer today to schedule a free consultation.
What Our Reading Workers’ Compensation Attorneys Can Do For You
Hiring a Reading workers’ comp lawyer can significantly improve your chances of receiving fair compensation. During your free consultation, we’ll review your case, explain your rights, answer your questions, and help you understand what benefits you may be entitled to. […]
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Tamaqua Personal Injury Lawyer
If a car accident, workplace injury, truck accident, medical negligence, or other catastrophic injury has left you with medical bills and lost wages. In that case, you need a personal injury law firm with experience. The Tamaqua personal
injury lawyers of Munley Law have decades of experience helping Schuylkill County residents with their most complex injury claims.
If you or a loved one were hurt in an accident and need legal advice, call the Munley Law firm. We take on the insurance companies to ensure you get fair compensation for your injuries. Call the Tamaqua personal injury attorneys today.
Helping People in Schuylkill County and Beyond
Getting into an accident can cause physical, emotional, and financial hardships for the victim and their family. In some cases, these injuries can lead to long periods away from work, and in some cases, the victim is not able to return to their job at all. […]
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Harrisburg Slip and Fall Lawyer
When looking for slip and fall accident lawyers in Harrisburg you can trust, you need to look no further than Munley Law. Our law firm is dedicated to fighting for justice and compensation for every Harrisburg fall accident victim. We have recovered millions for our clients and are ready to advocate for you and your fall accident case.
If you have sustained injuries from a slip and fall incident, don’t hesitate — contact us today for a free consultation and learn how we can protect your best interests.
Common Causes of Slip and Fall Accidents in Harrisburg, PA
A slip and fall accident, also commonly referred to as a trip and fall, is a type of premises liability case that occurs when an individual loses their balance, slips, or trips and subsequently falls on someone else’s property. These accidents typically happen due to unsafe property conditions, […]
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Reading Wrongful Death Lawyer
Our Reading wrongful death lawyers understand the overwhelming grief and confusion that accompanies such a loss. Our compassionate and experienced wrongful death attorneys at Munley Law are here to help you seek justice and hold the responsible parties accountable.
A wrongful death lawsuit will not bring your loved one back, but we hope the financial support will help ease the emotional burden of your loss. Contact us today for a free consultation.
Understanding Wrongful Death Lawsuits in Reading, PA
A wrongful death lawsuit is a legal action brought by the surviving family members or representatives of a deceased person against the individual, company, or entity responsible for the person’s death. This type of lawsuit seeks to obtain compensation for the survivors’ losses, which can include both economic and non-economic damages.
The primary goal of a wrongful death lawsuit is to provide financial relief and justice to the surviving family members. […]
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Stroudsburg Bicycle Accident Lawyer
Stroudsburg is a great place to ride a bicycle, from the forest trails just outside of town to riding straight through the East Stroudsburg University campus. But unfortunately, while cyclists enjoy the same rights as motor vehicle drivers, drivers routinely make mistakes that lead to dangerous and, in many cases, life-changing bicycle accidents. Holding the appropriate parties accountable requires experienced legal representation from a Stroudsburg bicycle accident lawyer.
The bike accident attorneys at Munley Law Personal Injury Attorneys have provided experienced and aggressive legal representation for injured cyclists through Stroudsburg, PA, since 1959. Our Stroudsburg bicycle accident lawyers have recovered millions of dollars for accident victims and their families throughout the Pocono region. With our office located in downtown Stroudsburg, we can help you with your personal injury claim so you can get back on your feet after a bicycle accident. Contact us today for a free consultation. […]
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