Lawsuits Cost Small Businesses $105 Billion, Study Shows

Courtesy Small Business Trends  Sun, 07/11/2010 - 05:00

Washington (PRESS RELEASE – July 11, 2010) — A new study released today by the U.S. Chamber Institute for Legal Reform (ILR) shows that small businesses shoulder a tremendous burden of the nation’s tort liability costs, having paid $105.4 billion in 2008.

Noting that small businesses have created 64% of all net new jobs in the United States over the past 15 years, ILR President Lisa Rickard said, “As America struggles out of this current economic downturn, this...

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