According to the Cincinnati Business Journal, the costs of lawsuits has risen to $98 billion a year. Though there’s legislation before Congress to protect unwitting merchants who don’t knowingly sell faulty products, the legistlators owend lock, stock, and barrell by the “keep trial lawyers fed and manicured” lobby in Washington keeps business owners worrying.
Fear of being sued:
• 48 percent of small businesses are concerned about frivolous and unfair lawsuits
Of these:
• 46 percent have been threatened with a lawsuit
• 34 percent had a lawsuit filed against them in the past 10 years
• 62 percent have made business decisions primarily to avoid lawsuits
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