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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Bethlehem Truck Accident Lawyer
Truck accident cases in Bethlehem, PA, are complex. Every case requires the unique skill set of the experienced Bethlehem truck accident lawyers at Munley Law. Compared to other smaller vehicles, trucks are massive and capable of incredible devastation when they get in an accident. Victims who survive often have to deal with at least one serious injury, sky-high medical bills, wage loss, and many other issues. For victims of these truck accidents, recovery can be long and arduous. There are also significant cost implications and possible loss of income.
Don’t deal with the burden of a truck accident alone. You need a law firm with exMunley Law is an award-winning truck accident law firm serving residents of Bethlehem, PA. If you or a loved one has been in a truck accident in Bethlehem, PA, or Lehigh Valley, our attorneys can help you get the compensation you deserve. […]
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Bethlehem Premises Liability Lawyer
Bethlehem Premises Liability Lawyers
In Pennsylvania, every property owner or manager is expected to keep their properties safe and free of hazards for visitors, guests, and invitees. If a homeowner, property manager, or business owner fails to keep the property safe and hazard-free for visitors, they may be held legally responsible if a hazard results in injury. If you were injured on someone else’s property in Bethlehem, PA, you may have a Bethlehem premises liability case.
The premises liability lawyers at Munley Law Personal Injury Attorneys are knowledgeable about these types of cases and have won numerous multimillion-dollar settlements and verdicts. Contact us to explore and discuss your legal options. Call Munley Law Personal Injury Attorneys toll-free at 844-303-7321 for a free consultation.
Understanding Premises Liability in Bethlehem, PA
When you’re injured on someone else’s property, you have the right to file a premises liability claim against the person who owns or manages that property. […]
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Understanding damages in a personal injury case
How are damages determined in a personal injury case? What kinds of damages can I be compensated for?
Victims who were hurt by car crashes, truck collisions, workplace accidents, medical malpractice, asbestos exposure, or defective products can file lawsuits to recover for damages. The term “damages” refers to the amount of money that those victims are awarded to compensate for the financial losses, pain, and suffering that their injuries caused.
What Is the Difference Between Economic and Non-economic Damages?
They are two main types of damages in personal injury cases: economic damages and noneconomic damages.
Economic Damages can be thought of as the concrete financial costs caused by an injury. Examples of economic damages include the costs of medical treatments, procedures, medications, surgeries, and hospital stays, […]
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Failing to signal causes countless accidents
We’ve all experienced this kind of bad driving: a driver turns in front of you or merges into your lane unexpectedly without using their turn signal. It’s not just inconsiderate – getting lazy with the turn signal leads to crashes every day.
Over 750 billion times per year, drivers fail to properly use their turn signals. According to a study by the Society of Automotive Engineers (SAE), drivers fail to signal when switching lanes 48% of the time and fail to signal when turning 25% of the time. Motorists also improperly leave their blinkers on long after changing lanes or use the wrong turn signal an additional 10% of the time
Why Are Turn Signals So Important?
The SAE study demonstrates a need for more research to understand and combat the problem of turn signal neglect. But why is it so important that drivers use turn signals when changing lanes, […]
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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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