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
Electrocution Accident Lawyer
Electrocution is a severe and potentially life-threatening event that can cause extensive damage throughout the body. When electricity passes through tissue, it can cause serious internal and external burns, muscle damage, and cardiac problems that may be fatal. The electrical current can affect multiple organ systems simultaneously, leading to injuries that may include severe burns, heart complications, nerve damage, and traumatic brain injury.
The severity of electrical injuries depends on several key factors: the intensity of the electrical current, the duration of exposure, and the path the electricity takes through the victim’s body. These elements determine both the immediate trauma and potential long-term complications for survivors.
Given the serious nature of electrical injuries, working with qualified legal representation is important. An experienced electrocution accident attorney at Munley Law can thoroughly investigate the incident, identify liable parties, and pursue appropriate compensation. This includes recovery for medical expenses, […]
Read MoreMore information about Insurance
Is PTSD Covered By Workers Compensation?
When we think of workers’ compensation laws, what first comes to mind are often the protections and benefits given to employees who have sustained a physical injury at the workplace. However, workers’ compensation is not limited to physical injuries from the job. Workers’ compensation insurance includes benefits for a mental health injury that results from the workplace and negatively impacts an employee’s ability to work and their quality of life.
Workers’ compensation can cover mental health conditions like Post-Traumatic Stress Disorder (PTSD) and psychological injuries that result from workplace trauma or a harmful work environment. However, to receive benefits, workers must prove their mental health condition was directly caused by their job or workplace.
Defining Post-Traumatic Stress Disorder
When we think of workers’ compensation laws, what first comes to mind are often the protections and benefits given to employees who have sustained a physical injury at the workplace. […]
Read MoreMore information about Insurance
Can You Work While on Workers Compensation?
If you’re getting workers’ compensation benefits, you might be curious whether you can work while healing from your injury. The answer depends on what kind of injury you have and what your doctor says. Workers’ comp is meant to help you financially while you recover, but there are some work limitations to remember.
Some people can do lighter or modified jobs, while others may need to concentrate on getting better. Sticking to the guidelines given to you will help you avoid losing your benefits.
Workers’ Compensation and Work Restrictions
When you’re receiving workers’ compensation benefits, it’s essential to understand the legal guidelines surrounding work restrictions. Workers’ compensation is designed to provide financial support while you recover from an injury, but it also comes with specific rules about what type of work you’re allowed to do during your recovery. […]
More information about Insurance
Forklift Accident Lawyer
Forklift accidents can cause devastating injuries, from broken bones and crushing injuries to traumatic brain injuries. At Munley Law, we understand the complex factors involved when these accidents occur at construction sites and industrial facilities. Whether you were injured as an operator or bystander, multiple parties may be responsible, from equipment operators and site managers to contractors and manufacturers.
Our experienced team of forklift accident attorneys will investigate every aspect of your case, from equipment maintenance and operator training records to potential OSHA violations. Through thorough investigation, we identify all responsible parties and hold them accountable for their role in causing your injuries. With Munley Law on your side, you don’t have to face this challenging time alone.
Contact us today for a free consultation about your forklift accident case.
Proven Results in Forklift Accident Cases
When you choose Munley Law, […]
Read MoreMore information about Insurance
Can a Hospital Refuse to Treat a Patient?
A hospital doesn’t always have to provide treatment to patients seeking it. As this guide will address, there are circumstances when it’s legal for a hospital to deny treatment.
However, there are also situations, typically emergencies, when the law prohibits hospitals from refusing to treat patients. If you believe you’ve been denied treatment unfairly, speak with a medical malpractice attorney to learn more about your rights. At Munley Law, our medical malpractice attorneys are committed to fighting for the compensation you deserve. Get in touch today to schedule your free consultation.
Emergency Medical Treatment Laws
The Emergency Medical Treatment and Active Labor Act (EMTALA) is a federal statute that establishes patients’ rights and the hospital’s requirements in emergencies. The law specifically establishes the following:
- An emergency medical department must provide a proper medical screening to anyone who visits the department requesting evaluation or care. […]
