MLchartDataset catalogue

Tort

Term · Insurance and risk management · MLC-T-INS-003341

A civil wrong or injury that results in harm to another person or property, for which the law provides a remedy in the form of damages. This legal concept allows an injured party to seek compensation from the party responsible for the harm. Unlike a breach of contract, a tort arises from a duty imposed by law rather than an agreement between parties.

Table 1. Record
IdentifierMLC-T-INS-003341
FieldInsurance and risk management
SubjectPersonal Lines
Record as JSON 
{
  "id": "MLC-T-INS-003341",
  "term": "Tort",
  "field": "Insurance and risk management",
  "definition": "A civil wrong or injury that results in harm to another person or property, for which the law provides a remedy in the form of damages. This legal concept allows an injured party to seek compensation from the party responsible for the harm. Unlike a breach of contract, a tort arises from a duty imposed by law rather than an agreement between parties.",
  "subject": "Personal Lines",
  "url": "https://mlchart.com/terminology/insurance/tort/"
}

Record 3,407 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.