Month: January 2017

5 Things To Know About Uninsured Motorist Coverage

Drivers in virtually every state are required to have car insurance in order to operate a vehicle legally. Unfortunately, not all drivers abide by this law; others may not have sufficient coverage in the case of a severe accident. Over 14% of drivers today carry very little or no insurance for their vehicle; getting in an accident with an uninsured motorist could be very costly for accident victims that do not have uninsured or underinsured motorist coverage.

If you’re not familiar with this type of insurance coverage, here are a few things you should know about it:

  1. Uninsured motorist coverage can provide financial assistance for drivers who are involved in an accident caused by an uninsured driver.

This type of coverage is intended to cover your own costs if the other driver is liable for causing the accident but does not have car insurance. The specific options available for uninsured motorist coverage vary by state and insurance company.

  1. You purchase this coverage through your own insurance provider.

Many insurers include this type of coverage in their standard auto policy, and some are required by state laws to do so.

  1. There may be coverage limits on your uninsured motorist coverage policy.

As with most auto insurance policies, there may be a limit or cap on the amount of money your insurer will pay out for your uninsured motorist coverage after an accident. In most cases, you could choose between two types of uninsured motorist coverage:

  1. A combined single limit: The limit is the maximum amount of money you may receive per accident.
  2. A split limit: This is broken down into maximum dollar amounts for two components:
  3. The maximum dollar amount for each person’s accident-related costs
  4. The maximum dollar amount of money for everyone’s combined costs

As an example, if you have split limit coverage of $20,000/$45,000, the $20,000 would be the maximum paid out for injuries experienced by one person in the accident. The $45,000 is the maximum amount your insurance company would pay out for the total cost of injuries experienced by every person involved in the accident.

  1. Drivers in “No-Fault states” might not have to worry about uninsured motorist coverage.

Should you live in a no-fault state, the issue of who was at fault for an accident is not important because your insurance company would compensate you for your losses regardless of liability.

In a state with tort car insurance, drivers may not be protected in the same way and might need to purchase uninsured or underinsured coverage options. In a tort state, a person involved in an accident with an uninsured driver may be able to use their health insurance to cover their medical bills.

  1. You may call a lawyer for counsel if you have questions about liability or insurance coverage after an accident.

Though you may be insured and believe you have sufficient insurance to cover all contingencies, the costs related to a motor vehicle accident can quickly surpass the average insurance policy’s limits. An experienced car accident lawyer Phoenix AZ trusts may be able to seek additional compensation by pursuing the at-fault driver’s relevant personal assets.

A skilled attorney may be able to negotiate the highest possible settlement from the insurance company. He or she may also be able to expedite the payment process. If you have been injured in a motor vehicle collision through no fault of your own, a personal injury attorney may be able to help you get the compensation you deserve.


ASThanks to our friends and contributors from Alex & Saavedra, P.C. for their insight into uninsured motorist coverage.

Car Accidents and Neck Injuries

Our bodies are subject to a ripple effect.  Just one injury can end up affecting our entire wellbeing.  A car accident is a traumatic event that can cause residual effects on your body for weeks, months, and even years.  It can take time to assess how you feel, and a proper recovery rests on that ability.  Although each person and situation is different, there are many common injuries after any sort of auto accident.  Although each car accident has their own unique conditions — such as the angle of the collision and the position of where each person is located during the crash — many patients experience similar symptoms.  In this series, we are re going to discuss four common injuries that, without treatment, can turn into chronic problems.

Car accidents are notorious for causing neck injuries.  But another common complaint is stiffness and pain in the middle of your back, or your thoracic spine.  As mentioned above, the ripple effect of a car accident can cause this pain to occur in many places you may not have expected.  The pain from an accident may begin at your neck, but if you are involuntarily making changes to your posture or other muscles are compensating, this pain can ripple down your spine and cause other issues.

In the middle of your back — the thoracic spine — the muscles might feel very tight.  Even something as simple as sitting in chair might feel difficult at times because of the stress on the rhomboid muscles.  The tightness there can shorten the muscles, which can cause you to feel like your shoulders are locked up.  You may find that rotating side to side can be hard to do.  Along with the mid-back, the lower back can also be aggravated after the incident (we’ll be discussing this in an upcoming article).

A simple fix to alleviate these symptoms can be a simple rowing exercise.  Miming the action of rowing will strengthen the rhomboid muscles, located around your scapula.  When these muscles are strong, it will allow you to carry your weight in the proper position and not just on the area of the thoracic spine.  This will also keep your shoulders feeling looser and less ‘locked up.’

Stretching and strengthening are the two components that can really alleviate your pain, and careful attention to these muscle groups will allow you to continually assess how your body is feeling after an accident.  This can help you avoid further pain in the long term.  Something that seems like a small issue, such as poor posture, can lead to rounded shoulders and contribute to kyphosis, or an abnormally curved spine.  If there is a lack of emphasis on strengthening your muscles now, this can contribute to greater arthritis pain in the future.

A car accident can inflict many systemic injuries, but with knowledge and consistent practice, you can stem the onset of pain.  Of course, the best way to ensure relief from chronic pain is by visiting a specialist that can cater to your exact needs.  Contact a neck pain doctor Rockville MD trusts today.


advanced spine and wellness centerThanks to our friends and contributors from Advanced Spine & Wellness Center for their insight into car accidents and neck injuries.

What Are the Different Types of Business Entities?

If you are considering starting a business, one of the most important decisions that you will have to make is the legal structure of your business, as a business lawyer Peoria IL trusts might explain. The type of business entity that you create will affect everything from the amount of taxes that you will pay to the amount of personal liability that you could face in the event of a lawsuit or bankruptcy. Although the process of establishing a business entity is controlled by state law, the following provides an overview of the most common business structures.

Sole Proprietorship:

A sole proprietorship is typically easy to establish and can apply to any type of organization ranging from a small home-based business to a large company with multiple employees.

  • The individual owner remains completely in charge of the business.
  • As a general rule, a sole proprietor is personally liable for the debts and financial obligations of the business.
  • The owner is also responsible for paying income taxes on any profits as well as self-employment taxes.

Partnership:

A partnership creates a legal relationship between two or more individuals who wish to establish a business.

  • Each partner contributes to the business financially or through their time, labor, or property in exchange for sharing in the company’s profits and losses.
  • The partnership itself is not taxed.
  • Each partner is responsible for paying income and self-employment taxes on their share of the partnership earnings.

Corporation:

A corporation is established under state law and is considered a separate legal entity that can be taxed and held legally responsible for its actions.

  • Corporations must meet more regulatory and reporting requirements than sole proprietorships and partnerships.
  • As a general rule, corporations are taxed on both the federal and state level.
  • Shareholders must pay personal taxes on any of the corporation’s dividends that they receive.

Subchapter S Corporation:

Like a standard corporation, a Subchapter S corporation is created under state law and is considered a separate legal entity from its officers and shareholders. The primary difference between S corporations and standard corporations is how they are taxed:

  • An S corporation is normally not taxed at the corporate level.
  • The individual shareholders pay taxes on their portion of the corporate earnings.

An S corporation essentially combines the personal liability protection of a corporation with the tax benefits of a partnership.

Limited Liability Company:

A limited liability company typically provides limited personal liability for the debts and financial obligations of the business while offering pass-through taxation and management flexibility similar to a partnership.

  • The majority of states allow individuals, corporations, and even foreign entities to be owners of a limited liability company
  • Insurance companies and banks are typically prohibited from establishing a limited liability company.

Which Type of Business Is Best?

No one type of business entity is better than another. Each business structure offers benefits and drawbacks. Before deciding on a particular business structure, it is important to consult legal and tax experts to determine which type of business is most appropriate and advantageous based on your specific circumstances.

Smith and Weer P.C.Thanks to our friends or contributors from Smith & Weer, P.C. for their insight into business entities.