Malpractice Insurance

Definition

  • A type of professional liability insurance sought by individuals, such as doctors or lawyers, that provides protection against clients who sue and claim damages resulting from the professional's misconduct, be it from negligence, or intentional harm.

Synonyms
liability coverage, medical malpractice, negligence

Related Terms and Acronyms

  • Comparative Negligence Definition,
    • The degree to which the claimant's own negligence factored into damages, and how much liability can be attributed to each party.
  • Contributory Negligence Definition,
    • A legal defence that can be applied if the plaintiff is at least partially responsible for a harm, and if they are found partially liable, they can be denied any compensation.
  • Errors and Omissions Insurance Definition,
    • Insurance that protects architects, home inspectors and contractors from claims by clients for professional mistakes.
  • Indemnity Insurance Definition,
    • A class of insurance that covers liability for damages, which includes insurance types such as malpractice insurance and errors and omissions insurance.
  • Liability Insurance Definition,
    • Insurance that provides coverage for damages caused by an individual or entity's negligence or legal responsibilities.
  • Malpractice Definition,
    • Negligent acts done by a professional that causes injury to a plaintiff.
  • Professional Liability Insurance (PLI) Acronym, Very Important,
    • Insurance that covers professionals for liabilities occurring due to negligence or harm in a product or service they provide.
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