One-third of small businesses will face a lawsuit, according to the U.S. Chamber of Commerce. Risks range from slip-and-fall injuries to product liability, employment claims, and contract disputes. Even careful companies get sued, and attorneys pursue cases that are sometimes fraudulent.
According to the United States Chamber of Commerce, 1 out of every 3 small businesses will be sued at least once by a customer, an employee, a vendor, a competitor, or even a partner. The risk of a lawsuit threatens every business, from slips, trips, and falls on your premises to alcohol-related accidents resulting from an office party. From product or service liabilities to professional errors and omissions, from employment discrimination or wrongful termination to contract breaches or partnership disputes, and from patent violations or copyright infringement to regulatory negligence or compliance failures. No matter how careful you are, accidents do happen, errors are made, And there are plenty of attorneys ready to make you pay, even if the allegations are fraudulent, and the lawsuits that result can be expensive. In fact, lawsuits that are frivolous or without merit
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