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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Philadelphia Nursing Home Abuse Lawyer
The Philadelphia Nursing Home Abuse Lawyers at Munley Law Personal Injury Attorneys Stand Up for Victims and Their Families
Nursing home employees are required to care for elderly residents’ needs and well-being at the highest level to ensure that the senior members of our families are as safe and healthy as possible. Far too often, long-term healthcare facility staff members neglect those duties and abuse the very people they are expected to protect.
If you suspect that your family member is suffering from physical, emotional, sexual, or financial abuse or neglect at a long-term care facility in Philadelphia or the surrounding counties, contact the nursing home abuse lawyers at Munley Law Personal Injury Attorneys today for a free consultation. We will answer your questions regarding nursing home negligence, review the details and medical records, and advise you on how to proceed. Call a Philadelphia nursing home abuse lawyer, […]
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Philadelphia Lyft Accident Lawyer
If You Were Injured in a Lyft Accident, Contact a Philadelphia Lyft Accident Lawyer Today
Lyft provides a reliable service for anyone needing a ride in bustling cities likes Philadelphia, Pennsylvania. It is convenient. It helps you avoid the cost of owning and maintaining your own car. It can also keep you safe when you use ridesharing services like Uber or Lyft if you have had a few drinks or are too tired to drive safely.
While Lyft can be convenient and safe, there are risks when we take a ride with Lyft. A recent study conducted by the University of Chicago and Rice University shows that car accident deaths have increased significantly with the increase in the use of the Lyft app and other ridesharing services apps. The study states that the increase may be caused by a Lyft driver operating his vehicle when he is distracted or tired. […]
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Philadelphia Medical Malpractice Lawyer
Medical Malpractice Attorneys in Philadelphia, PA
Medical mistakes are the 3rd leading cause of death in the U.S. If you need a Philadelphia medical malpractice lawyer, call or click to schedule a free consultation today. Medical malpractice is among the leading causes of death in the United States, and it accounts for an alarming number of avoidable illnesses and injury-related complications every year. Despite the high standards to which physicians and healthcare facilities are held, they continue to make mistakes regularly – and the consequences are often devastating for patients and their families.
At Munley Law Personal Injury Attorneys, we are well known for our experience in litigation. Our lawyers have consistently recovered millions of dollars for victims of medical mistakes. Suppose you, your child, or another loved one is suffering from a health condition that you believe may result from medical malpractice in Philadelphia. […]
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Easton Workers Compensation Specific Loss Benefits
Known for its rich history, beautiful landscapes, and vibrant community, Easton, PA, offers diverse industries, businesses, and a skilled, flexible workforce.
Easton is known for its industrial history, but even today, the city still boasts a strong manufacturing base, with companies specializing in metal fabrication, food processing, plastics, and machinery production. These manufacturing enterprises contribute to the local economy and drive the entire region’s economic growth.
Workers in Easton are skilled and diverse. The city benefits from a highly trained labor pool, offering expertise in manufacturing, healthcare, education, technology, and other sectors.
Whether you are a server in one of downtown’s busy restaurants or a skilled worker in a manufacturing hub, when you are permanently injured at work, you can file a claim for financial compensation to help you recover and beyond.
If you have been injured during your work duties in Easton, […]
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Bethlehem Workers’ Compensation FAQs
What Happens When You’re Injured at Work in Bethlehem?
If you are an injured worker, you can receive help with your medical expenses and lost wages through PA workers’ compensation insurance. If you or a loved one suffers from a work-related injury, call the experienced Bethlehem workers’ compensation attorneys at Munley Law. We will help you file your paperwork, answer your questions, and fight for you to receive the workers’ comp benefits you are entitled to.
Call us today at our Lehigh Valley offices or complete our online form for your free case evaluation. An attorney with worker’s compensation law expertise will help guide you to your next steps.
What is Workers’ Compensation Insurance?
Workers’ compensation is a state-mandated insurance program (also known as workman’s comp or workers comp) that provides workers with financial relief for job-related injuries and illnesses. Most employees in PA are covered by workers’ […]
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