What is the difference between a breach of fiduciary duty and a breach of professional liability law?

In Washington, a breach of fiduciary duty and a breach of professional liability law are two distinct legal concepts. A breach of fiduciary duty is a legal term used to describe a situation in which someone in a trusted relationship has abused their position of trust for their personal gain. In Washington, a fiduciary is a person or group responsible for managing the assets of another person or business. Examples of those who hold a fiduciary duty in Washington are trustees, executors of estates, guardians, attorneys, financial advisors and real estate brokers. A breach of professional liability law, on the other hand, refers to negligence or a wrongful act committed by a professional or business. Professional liability law is different than other types of liability because professionals have an elevated duty of care. That means that in order to be found liable, the professional must have either acted in a way that was careless, or intentionally broken their duty of care to the person or business. In Washington, a professional can be found liable if they provide incorrect advice to a client, or if they provide services without proper authority. In summary, a breach of fiduciary duty occurs when a person in a trusted relationship takes advantage of their position for their personal gain, while a breach of professional liability law happens when a professional fails to provide the proper standard of care to their clients.

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What is the difference between a breach of fiduciary duty and a breach of professional liability law?

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