What is an economic tort?

An economic tort is a type of civil wrong that is designed to protect the economic interests of a person or company. In Florida, economic torts are governed by the law of negligence, which is when someone’s carelessness causes damage to another. Economic torts are designed to protect a company or person from economic loss or harm. Economic torts involve intentional wrongful acts, such as fraud, misrepresentation, interference with contractual relations or interference with prospective economic advantage. For example, if a competitor of a company maliciously spreads false rumors about the company’s products or services, it could be considered a tort. Other economic torts include tortious interference with a contract, fraud, deceit, and negligence. In Florida, economic torts can entitle a victim to financial compensation for their losses, such as lost profits, money spent defending against the tort, or other damages. However, the person or company making the claim must prove certain elements, such as that the tortious conduct was intentional or reckless and caused economic harm. An economic tort is a type of civil wrong that is designed to protect the economic interests of a person or company. In Florida, economic torts are governed by the law of negligence, which requires that someone’s carelessness causes damage to another. Economic torts involve intentional wrongful acts, such as fraud, misrepresentation, interference with contractual relations, or interference with prospective economic advantage, and can entitle a victim to financial compensation for their losses. In Florida, the person or company making the claim must prove certain elements to receive financial compensation.

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