Think most business lawsuits effect the “big guys”? Not according to the folks at Bolt Insuarnce. 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.
Via: BOLT Insurance
What about you, blog readers? Have YOU had the occasion to be threatened with a lawsuit? Learn any good lessons to share? If so, drop a note below.
Infograph: BOLT Insurance