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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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’ compensation will not provide. […]
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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. […]
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Trexlertown Personal Injury Lawyer
If you’ve been injured in an accident in Trexlertown, PA, you may be facing overwhelming physical, emotional, and financial challenges. Medical bills, lost wages, and the stress of recovery can take a heavy toll on you and your family. If you or a loved one has been injured in a motor vehicle accident, product liability incident or workplace accident or through a medical mistake, or if you are facing a heartbreaking wrongful death case, be sure to talk to an experienced Trexlertown personal injury attorney at Munley Law today.
How a Trexlertown Personal Injury Lawyer Can Help
Getting hurt or losing a loved one to an accident is already a time of great upheaval for you and your family, especially if you are now also dealing with insurance companies, medical bills, and legal procedures. Our Allentown personal injury attorneys at 
Munley Law handle cases in Trexlertown and throughout the Lehigh Valley. […]
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Defective Seat Belt Attorney
The function of a seat belt, lap belt, or safety belt is to keep you safe during a car accident. Wearing seat belts is required on the road because of how effective a quality seat belt can be. However, seat belts may cause or fail to prevent injury when they’re defective.
Have you recently sustained injuries you believe resulted from seat belt failure? Compensation for your losses may be available if so. Discuss the matter with a legal professional representing victims of seat belt failure.
At Munley Law, we have the experience necessary to show how a faulty seat belt caused the injuries for which you deserve compensation. Learn more about how we can help by contacting our product liability attorneys today for a free case evaluation.
Understanding Seat Belt Failures and Your Legal Rights
Defective seat belts can take many forms. […]
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Lower Macungie Twp. Personal Injury Lawyer
If you’ve been injured in an accident in Lower Macungie Township, PA, you understand the emotional, physical, and financial challenges that can follow. At Munley Law, we know the toll that personal injuries can take on victims and their families. Our experienced Lower Macungie Township personal injury attorneys are committed to helping the injured get the compensation they deserve.
Our PA law firm has over six decades of experience handling complex personal injury cases. From construction accidents to birth injuries, we know what it takes to win a personal injury lawsuit. If you’ve been injured due to someone else’s negligence, contact Munley Law for a free consultation. We’ll review your case and guide you through the legal process to ensure that you recover the maximum compensation possible for your injuries.
Personal Injury Cases Our Lawyers Handle in Lower Macungie Twp., PA
At Munley Law, […]
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