Malpractice

What is Malpractice?

Malpractice is a form of professional negligence, or carelessness, by an individual in a position of trust or authority. It is an act that breaches the accepted standard of care within a given profession and thereby causes harm to another individual or group. Malpractice can occur in any medical, legal, financial, or business context where there is an implied duty of care between individuals.

Repercussions of Malpractice

The repercussions for malpractice cases depend on the severity of fault on behalf of the professional but typically involve substantial financial penalties including punitive damages awarded against those found guilty. Individuals found guilty may also face criminal charges depending on the seriousness of their negligence. Additionally, they may face suspension or revocation of their license which could result in long-term unemployment or loss of reputation within their industry.

Open a free account and start investing

Top Mutual Funds

3Y Returns

Popular Calculators