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 Specific Loss Benefits
Workers’ compensation is a vital safety net for employees who suffer work-related injuries or illnesses. In Pennsylvania, this system ensures that injured workers receive financial support and medical care without needing to prove fault.
Among the various types of workers comp benefits, there is a special type of insurance called “specific loss benefits.” These benefits address severe, permanent injuries.
Understanding Specific Loss Benefits in Pennsylvania Workers’ Compensation
Specific loss benefits are a category of workers’ compensation benefits designed to compensate for permanent injuries that result in the loss of a body part or the loss of use of a body part, including those due to injury, occupational disease, repetitive stress, amputation, or permanent disfigurement.
Unlike general disability benefits, which compensate for lost wages, specific loss benefits are paid through your employer’s workers’ compensation insurance regardless of whether the worker can continue working. […]
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Workers’ Compensation Third-Party Claims in Pennsylvania
When workers get hurt at work or become sick due to working conditions, Pennsylvania has a legal safety net that ensures they are financially protected while recovering from their injuries. This safety net usually comes in the form of workers’ compensation insurance, which almost all employers are legally required to carry for their employees, starting on their first day of employment. Most people are familiar with this concept of filing a claim when injured on the job. However, what happens when someone other than your employer is responsible for your injury?
A third-party claim is a personal injury claim you can file if you were hurt on the job, but an outside party is responsible for your injury. This claim allows injured workers to sue the at-fault party for pain and suffering. Learn more about a third-party claim and how to file one after a workplace accident.
Third-Party Workers’ […]
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What Are the Most Dangerous Roads in Pennsylvania?
Driving in Pennsylvania can be beautiful, but it also comes with risks. Some roads in the state are known for their high number of fatal crashes. The deadliest roads in the Commonwealth can be found in rural and urban areas, each with hazards. Whether commuting to work or taking a road trip, being aware of the dangerous highways that might put you at risk is essential.
Sharp curves and long stretches of road are standard on Pennsylvania’s roadways and highways, often leading to fatal accidents. Dangerous intersections and poor road conditions, such as bad potholes or road crookedness, can also contribute to these tragic events. Understanding where these danger zones are can help you stay safe and avoid becoming a victim of these hazardous roads. You must take precautions and drive more carefully on Pennsylvania’s far most dangerous roads.
What Are the Most Dangerous Interstates in PA? […]
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Philadelphia Bus Accident Lawyer
If you’ve been injured in an accident involving a SEPTA vehicle in the Philadelphia area, you may be entitled to compensation. The Southeastern Pennsylvania Transportation Authority (SEPTA) operates a vast network of buses, trains, trolleys, and subways serving Philadelphia and its surrounding counties. Accidents involving SEPTA vehicles can result in serious injuries, leading to significant medical expenses, lost wages, and other damages.
Filing a personal injury claim against SEPTA involves specific legal requirements, including providing notice of your intent to sue within six months of the accident.
Additionally, you must adhere to other conditions to recover compensation, such as timely filing of your lawsuit and presenting a strong case backed by thorough evidence. This process can be complex and challenging, but the experienced Philadelphia bus accident lawyers at Munley Law Firm are here to help.
Whether you need assistance drafting a notice of intent to sue or collecting and presenting evidence, […]
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Amazon Van Accident Lawyer
It’s no secret that Amazon places immense pressure on its drivers to make the maximum amount of deliveries in the shortest amount of time. Drivers are constantly double-parked, in a rush, distracted by GPS and time constraints, and are often not experienced CDL drivers. As these Amazon delivery vans are a common sight on the roads, the e-commerce giant continues to expand its delivery network. With more and more delivery truck drivers on the road, accidents involving these vehicles are unfortunately on the rise.
If you have been in a collision with an Amazon van, call an Amazon van accident lawyer at Munley Law today. We have been fighting for the rights of accident victims for 65 years.
Types of Amazon Delivery Truck Accidents
The types of Amazon delivery truck accidents include:
- Rear-end collisions often occur when the Amazon van follows another vehicle too closely or fails to stop in time. […]
