MLchartDataset catalogue

Wrongful act

Term · Insurance and risk management · MLC-T-INS-003566

An actual or alleged error, misstatement, misleading statement, act, omission, neglect, or breach of duty committed by an insured person or entity. It forms the basis for claims under professional liability, directors and officers (D&O), or errors and omissions (E&O) insurance policies. Such acts can lead to legal liability and financial damages for which coverage may be sought.

Table 1. Record
IdentifierMLC-T-INS-003566
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003566",
  "term": "Wrongful act",
  "field": "Insurance and risk management",
  "definition": "An actual or alleged error, misstatement, misleading statement, act, omission, neglect, or breach of duty committed by an insured person or entity. It forms the basis for claims under professional liability, directors and officers (D&O), or errors and omissions (E&O) insurance policies. Such acts can lead to legal liability and financial damages for which coverage may be sought.",
  "url": "https://mlchart.com/terminology/insurance/wrongful-act/"
}

Record 3,682 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.