Good local standard
Term · Insurance and risk management · MLC-T-INS-001649
The level of skill, care, and diligence that a reasonably prudent professional in a specific field and geographic area would exercise under similar circumstances. This benchmark is a key element in determining negligence in professional liability and medical malpractice claims, where a defendant's conduct is compared to the accepted practices of their peers in the same community. The standard can vary significantly from one locality to another and may differ from a national standard of care.
| Identifier | MLC-T-INS-001649 |
|---|---|
| Field | Insurance and risk management |
Record as JSON
{
"id": "MLC-T-INS-001649",
"term": "Good local standard",
"field": "Insurance and risk management",
"definition": "The level of skill, care, and diligence that a reasonably prudent professional in a specific field and geographic area would exercise under similar circumstances. This benchmark is a key element in determining negligence in professional liability and medical malpractice claims, where a defendant's conduct is compared to the accepted practices of their peers in the same community. The standard can vary significantly from one locality to another and may differ from a national standard of care.",
"url": "https://mlchart.com/terminology/insurance/good-local-standard/"
}
Record 1,563 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.