Many small business owners sponsor little league teams or provide complimentary goods or services to local charities. Even though small businesses produce countless benefits for our communities, they are under attack. Trial lawyers, like the ones we see on television, are filing frivolous lawsuits against small businesses at an alarming rate. According to a Gallup survey, one out of every five small businesses decide not to introduce a new product or improve an existing one because of feat of litigation. A national survey of 2,181 companies found that businesses increased liability limits by about 12 percent this year, the largest increase in recent years.
More frivolous lawsuits mean more wasteful costs for small businesses.
Rather than investing in a new product or employee, trial lawyers are forcing small businesses to focus on frivolous lawsuits. As a result, overcautious and often unnecessary prevention methods, in addition to costly liability insurance, have become a considerable hindrance to small business owners. Small businesses are the life-blood of our economy. It s just a shame that an elite group of greedy trial lawyers has targeted these productive members of our communities with frivolous lawsuits. This is just another reason why we need to save our legal system from exploitation by an elite group of greedy trial lawyers.