You Don’t Need to be Goliath to Get Sued for Professional Malpractice (infographic)

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Think most business lawsuits effect the “big guys”?  Not according to the folks at Bolt Insurance.  According to them,  57% of lawsuits effect companies making less than $1 million in revenue. Did you know that 1 in 3 small business owners are sued or threatened with a law suit?

SOME CURRENT SCARY FACTS:
  • $100 billion: How much small businesses spend on legal action in the U.S. annually
  • 25%: Number of harassment claims has risen since 2006
  • $404 Million: Price to settle discrimination related law suits each year
  • 104 Billion: Annual cost to settle tort liability

Check out the neat infographic below to learn Five Ways to Protect Your Firm.

Courting Disaster: Small Business Lawsuits Infographic

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What about you, blog readers? Have YOU had the occasion to be threatened with a lawsuit?  Learn any good lessons to share?

Infograph: BOLT Insurance

 

Published In: General Business Updates, Construction Updates, Insurance Updates, Professional Malpractice Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Melissa Dewey Brumback, Ragsdale Liggett PLLC | Attorney Advertising

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