MLchartDataset catalogue

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.

Table 1. Record
IdentifierMLC-T-INS-001649
FieldInsurance 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.