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.
More information about Loss
How Many Truck Accidents Are There in a Year?
According to the Federal Motor Carrier Safety Administration, there are approximately 500,000 truck accidents in the United States each year. This substantial number of accidents underscores the critical importance of understanding the factors contributing to truck crashes and the measures needed to enhance road safety for all users.
Trucks are a common sight on US roadways. Commercial vehicles alone make up a significant portion. The trucking industry has a duty of care in transporting billions of tons of freight each year, a major part of the US economy. Over 3.5 million American truck driversare employed in the United States, and trucks make up 5% of all registered vehicles in the US. If that does not sound high to you, consider how heavy trucks are. A big rig with a tractor-trailer may weigh up to 80,000 pounds, while the average car weighs less than 10,000. […]
More information about Loss
What Is a Coup-Contrecoup Brain Injury Following a Philadelphia Accident?
Coup-contrecoup brain injuries occur when a sudden impact or rapid movement causes the brain to hit one side of the skull and then the opposite side. Even mild head injuries can cause lasting brain damage. A traumatic brain injury lawyer can help secure compensation for the physical, emotional, and financial impact of such injuries.
At Munley Law, our Philadelphia brain injury lawyers handle all types of brain injury cases, including those causing permanent impairment. If you or a loved one has suffered a coup-contrecoup injury in a Philadelphia accident, contact us for a free consultation.
What Is a Coup-Contrecoup Brain Injury?
A coup-contrecoup brain injury is when two injuries happen simultaneously; independently, these injuries are known as “the coup” and “the contrecoup.” The impact that the injury has on the brain depends on where the origination is:
- Frontal Lobe: This center is responsible for reasoning, […]
More information about Loss
Tractor Trailer Accidents
The Munley Law tractor trailer truck accident lawyers have won millions for our clients, securing their financial future amid overwhelming uncertainty. We deeply understand what you and your family are going through, and we are confident we can help.
Your initial consultation with one of our trucking accident attorneys is always free. Call today to speak with an experienced trucking lawyer who will guide you through the claims process and spearhead your case.
The Role of a Tractor Trailer Accident Attorney
Simply put, your truck accident lawyers should completely take over the truck accident claim for you. Your only responsibility during the process should be to recover and start to rebuild your life. Here is what your truck accident lawyer should be handling:
- Determining Liable Parties: The truck accident attorneys will gather evidence from the accident scene, interview eyewitnesses, […]
More information about Loss
Tanker Truck Accidents
If you were injured in a tanker truck accident, you probably have hundreds of questions swirling in your head: What will my life look like moving forward? How will I pay for the property damage and my new medical bills? Those questions are valid, and the tanker truck accident lawyers at Munley Law have answers.
At Munley Law, we offer free consultations to new clients. You can sit down with an experienced truck accident lawyer who will assess your case, answer your questions, and lay out your legal options.
What is a Tanker Truck?
Because of the type of cargo carried, an accident involving tanker trucks can cause widespread devastation to other vehicles and their passengers in mere minutes. The impact of the truck accident can inflict a lifetime of hardship on each victim. Tanker trucks carry gasoline, diesel, and liquefied petroleum or natural gas. […]
More information about Loss
Garbage Truck Accidents
A garbage truck, also known as a waste collection vehicle, is designed to pick up waste and haul it to landfills and/or recycling or treatment facilities. Garbage truck accidents present severe risks due to their size and the nature of their routes through residential areas. If you or a loved one have been injured in an accident with a waste collection vehicle, it’s essential to contact an experienced garbage truck accident lawyer to help with your personal injury claim.
What Does a Garbage Truck Accident Lawyer Do?
A garbage truck accident attorney is a personal injury lawyer specializing in garbage truck accident cases. They are instrumental in navigating the aftermath of such incidents. From investigating the details of the accident to gathering evidence and advocating for your rights in negotiations and courtrooms, they’re your trusted allies in seeking fair compensation and justice. […]
