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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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Malpractice


Synonyms:legal malpractice, medical error, medical malpractice, professional malpractice
Filed Under: insurance, legal-contracts
Tags: contract, insurance, legal
 

Definition of malpractice

malpractice
1. A form of negligence in which a professional acts in a manner that fails to follow accepted professional standards and in doing so causes an injury (medical, financial, legal or otherwise) that causes the plaintiff harm.

Related Terms and Acronyms:

  • defendant   The accused party in a lawsuit or criminal trial.
  • errors and omissions insurance   Insurance that protects architects, home inspectors and contractors from claims by clients for professional mistakes.
  • indemnity insurance   A class of insurance that covers liability for damages, which includes insurance types such as malpractice insurance and errors and omissions insurance.
  • lawsuit   A suit brought before a court in order to remedy an alleged injustice.
  • malpractice insurance   Insurance that covers professionals from liability due to their own negligence or intentional harm.
  • plaintiff   The party who initiates a lawsuit.
  • professional liability insurance (PLI)   Insurance that covers professionals for liabilities occurring due to negligence or harm in a product or service they provide.
  • settlement   An agreement between the parties of a legal case.
  • tort   An act that causes harm or loss.

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