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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Stroudsburg Workers’ Compensation: Common Work Injuries
If you were injured in Stroudsburg, you may wonder if workers’ comp covers your injury. Your best option is to contact an experienced Stroudsburg workers’ compensation lawyer at Munley Law to learn what benefits are available to you. Contact us today to schedule a free consultation.
Most Common Workplace Industries Where Injuries Occur in Stroudsburg
According to the National Safety Council (NSC), nearly 13,000 American workers suffer preventable injuries every day. Additionally, NSC found that in 2021, the following four industries could be ranked as the most dangerous to work at:
- Construction– experienced the most workplace deaths
- Education and health services– experienced the most nonfatal injuries and illnesses involving days away from work
- Agriculture, forestry, fishing, and hunting– experienced the highest death rate per 100,000 workers
- Transportation and warehousing– experienced the highest injury and illness rate involving days away from work per 10,000 workers
The Occupational Safety and Health Administration (OSHA) reports that, […]
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Stroudsburg Workers’ Compensation for Healthcare Workers
The Stroudsburg Healthcare Workers’ Compensation Experts
If you work in the healthcare or medical profession, you spend your time helping sick and injured patients improve. However, you are not immune from injuries and illnesses yourself. Medical professionals are more likely to get hurt at work than workers in construction, manufacturing, or production jobs. If you are a healthcare worker injured at work, you will need to cover your medical and personal costs with workers’ compensation benefits. You need experienced Stroudsburg workers’ compensation lawyers who will fight for you. Munley Law workers’ comp attorneys have more than 60 years of experience fighting for the rights of PA workers. Call today for a free consultation with one of our award-winning healthcare workers’ compensation lawyers.
How Dangerous Is It Working in the Healthcare Industry?
Healthcare workers face numerous work hazards daily. According to the US Centers for Disease Control and Prevention (CDC), […]
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Who Is At Fault in Most Philadelphia Motorcycle Accidents?
In Philadelphia, motorcycle accidents are common and frequently raise liability and fault questions. The key is that uncertainty arises around the physical injuries, which are accompanied by material damage, and the question of responsibility for the consequences. Analyzing motorcycle accident cases helps identify the factors and the most likely fault participants. This is where a knowledgeable Philadelphia motorcycle accident attorney is warranted and priceless to the news of their personal injury client.
What Causes Motorcycle Accidents in Philadelphia?
Some common causes of motorcycle accidents in Philadelphia include but are not limited to:
Traffic violations—Most motorcycle crashes are caused by a traffic violation on the part of any of the involved parties; these account for 14% of all traffic deaths (National Safety Council, 2023). Such traffic violations may include speeding, beating red lights, abrupt lane changes, […]
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What is Pain and Suffering in Pittsburgh Personal Injury Claims?
The law compensates victims who have experienced an injury-causing accident if it occurred as the result of someone else’s negligence. In these cases, the victim may file a personal injury claim with the help of a Pittsburgh personal injury lawyer to seek just compensation for all of their losses and pain. In the context of a personal injury claim, pain and suffering is a wide-ranging term that encompasses all forms of mental and physical suffering the victim has endured as a result of the accident. This can include things like physical pain, as well as things like emotional trauma suffered and mental anguish.
What Are Pain and Suffering Damages?
Pain and suffering is a broad umbrella term encompassing many experiences. So when we talk about “pain and suffering,” what exactly are we talking about?
Calculating pain and suffering is certainly not an exact science. […]
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Pennsylvania Wrongful Death Lawyer
Losing a loved one to someone else’s negligence is a tragedy no one should have to bear. While no amount of money will make things right, seeking justice with the help of a Pennsylvania wrongful death lawyer can hold the at-fault party accountable and bring your family some security.
What is Considered Wrongful Death?
In Pennsylvania, wrongful death is defined as a death caused by the wrongful act, neglect, unlawful violence, or negligence of another person or entity. The purpose of a wrongful death lawsuit is to compensate the family of the deceased for the losses they have suffered as a result of their loved one’s untimely death. This includes immediate expenses like funeral and burial costs and long-term losses such as loss of earnings and financial support, benefits, and companionship.
Common causes of wrongful death lawsuits include fatal motor vehicle accidents, […]
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