What is a Loss?
A loss is the monetary value assigned to an injury or damage in a personal injury claim, including pain and suffering, past and future income, future medical care, at-home assistance, current medical bills, etc.
According to Black’s Law Dictionary, “loss” is defined as “the harm or damage resulting from an injury; the deprivation or detriment to an owner or possessor as a result of a judgment or voluntary transfer of property.” As such, loss is often a broad term in law, encompassing both tangible and intangible impacts as loss can come from a variety of forms of damages.
Legal principles governing loss aim to provide remedies, compensation, or restitution to individuals or entities adversely affected by wrongful acts, accidents, or adverse events. Loss can include economic loss, personal loss or property loss. The assessment of loss often involves evaluating evidence, calculating damages, and applying legal standards to determine liability and appropriate remedies in civil litigation or legal disputes. As a legal term, loss underscores the importance of addressing and mitigating the impacts of losses through legal recourse and equitable remedies in accordance with applicable laws and judicial principles.
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Business Interruption Insurance
Business interruption insurance is designed to cover the loss of income normally earned by a business as a result of the forced suspension of operations. Unlike property insurance, which covers physical damage, business interruption insurance protects against lost income while the business is closed, and during the rebuilding period after the closing.
Given the current coronavirus pandemic, the Governor of the state of PA, along with governors in many states throughout the country, has issued a state-wide mandate requiring all non-essential businesses to close. As a result, businesses are looking to their business interruption insurance to help them survive.
Most business interruption policies will cover:
Profits that would have been earned, based on prior financial statements
Fixed costs still being incurred despite the closure
Extra expenses to allow the business to continue to operate until a return to more normal circumstances
Employee wages to allow you to retain your employees
Taxes to allow you to remain current on taxes and avoid penalties
Loan payments
When businesses are allowed to re-open, […]
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Coronavirus Business Interruption Insurance Lawyers
Munley Law Personal Injury Attorneys is currently handling cases involving business interruption insurance claims.
Contact us for a consultation, free of charge.
The novel coronavirus has prompted orders for non-essential businesses to close their doors, causing small business owners nationwide to lose revenue. In order to survive, many have turned to their business interruption insurance policies, only to have their claims denied.
Six states including Pennsylvania have introduced legislation that would extend business interruption coverage to include closures forced by a global pandemic. Meanwhile, multiple lawsuits have been filed against insurers who have refused to pay, and more are sure to follow.
If you are a small business owner whose insurance company has denied your business interruption claim during the COVID-19 pandemic, we invite you to contact us for a free consultation.
Insurers resist paying for these claims because they know it will be costly. […]
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COVID-19 devastates nursing homes locally and nationwide
As the coronavirus spreads through nursing homes, families want answers
The coronavirus pandemic has taken a devastating toll on nursing homes nationwide. Pennsylvania is among the states with the highest number of confirmed cases of COVID-19 among nursing home residents and staff. At least six deaths and ten additional confirmed cases were reported at one Scranton facility. While nursing homes all over the country have reported deadly outbreaks, the full scale of the impact is unknown, as many facilities are not reporting data or are without access to testing.
With many nursing homes short-staffed and struggling to meet standards under normal circumstances, the global pandemic has introduced a new threat that some facilities were ill-equipped to meet. The combination of residents’ physical vulnerability to infection, lack of access to testing, and inadequate safety protections has allowed the virus to spread rapidly, and with tragic consequences. […]
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How to get tested for COVID-19 in Philadelphia
The landscape of how and where to get tested is evolving, as more drive through test sites are opening up. But right now, here are your testing options:
Abington Hospital, Abington Township
Testing only with a referral from an Abington-Jefferson Health physician.
See more details here.
Penn Medicine, West Philadelphia and Radnor locations
Testing available to anyone experiencing coronavirus-like symptoms.
If you’re a Penn Medicine patient, you should contact your health-care provider for a referral.
If you are not a Penn Medicine patient, you should call their toll-free hotline at 833-983-1350.
See more details here
Temple University, Ambler campus in Upper Dublin Township
Tests by appointment only to people who meet one or more of the following criteria:
Symptoms of sudden illness such as fever, […]
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COVID-19 Resources and Legal Assistance
AT THIS TIME, WE ARE NOT ACCEPTING CASES INVOLVING COVID-19. THIS PAGE IS INTENDED TO EDUCATE YOU ON THE LEGAL ISSUES SURROUNDING THE PANDEMIC.
Coronavirus Updates, Resources, and Legal Issues
During this time of uncertainty, we at Munley Law Personal Injury Attorneys want you to know that we are here to support you. Just like many of you, we are following CDC guidelines and making sure that our clients, our staff, and our community remain safe and are aware of the legal issues surrounding the pandemic. We understand that many of you have questions about mask and vaccination guidelines, updates on legislation pertaining to COVID-19, and workers’ compensation. That is why we created this resource page to inform you of your legal rights during this time of unease.
Please note that at this time we are not accepting cases that involve COVID-19. But we care about our community and our clients and we want you to be well informed during this time of unease. […]
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