1. Insurance Terms & Definitions/
  2. Insurance Terms Starting With T


What is a Tort?

Tort is a term used in insurance to refer to a legal concept involving a wrongful act or omission by one party that causes harm or injury to another party. The term "tort" may refer to the act of wrongdoing and the resulting legal claim for damages or compensation.

Tort in More Detail

In insurance, torts can be categorized into various types, such as negligence, intentional torts, and strict liability. Negligence involves a failure to exercise reasonable care that results in harm to another person, while intentional torts refer to deliberate acts that cause harm, such as assault or battery. Strict liability torts are those where liability is imposed regardless of fault, such as in cases involving defective products.
Understanding torts is essential in the insurance industry, as it helps insurers evaluate risk and determine the appropriate coverage for their policyholders.