Small Businesses get sued more than Big Business

The US Chamber just did a study and found that small businesses in the United States bear 81% of the tort liability costs mostly out of pocket. This is draining small business owners and holding back job creation. The legal climate in the US is adversely affecting small business. There are many reasons for this, but in any case the risk factors are increasing to operate a small business. It is not a matter of if you get sued but when. It is very improtant that risk management play an ever increasing role in the business owners operations. Since the majority of the legal costs come out of pocket, risk soultions and insurance solutions to protect small businesses are critical. Do not put risk management on the back burner. Until next time be careful out there and know your risks. K

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