Lawsuit risks are on the rise for businesses. These companies are bearing the brunt of the costs.
December 19, 2023

Small businesses get hit with an outsized share of lawsuits and end up paying out billions in damages.

A new study by the U.S. Chamber of Commerce found the total liability costs of lawsuits against businesses totaled about $347 billion in 2021, with small businesses shouldering about $160 billion of those costs. Despite small businesses only accounting for about 20% of total revenue earned in 2021, they were responsible for about 48% of commercial lawsuit costs.

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