Frivolous lawsuits are making a bad economic situation even worse for small businesses
NFIB, the nation’s leading small business advocacy organization, today launched a statewide radio and digital ad campaign urging the Legislature to pass S.293/H.420, legislation that would stop lawsuit abuse in the state.
“Inflation may be one of the greatest challenges facing Main Street businesses, but frivolous lawsuits are making a bad situation even worse,” NFIB State Director Rosemary Elebash said.
“If you’ve been wronged, you have a constitutional right to seek compensation, but some cases are filed simply because someone sees a chance to make money,” Elebash said. “Lawsuit abuse results in higher prices for everyone. Insurance companies charge small businesses higher premiums to cover the cost of baseless litigation, and that leads to higher prices.”
Research by The Perryman Group found that lawsuit abuse in Alabama costs the average family $1,016 a year and results in a $7.3 billion loss in economic spending.
Radio and digital ads
Here is a transcript:
“For years, plaintiff’s attorneys have preyed on Alabama’s small businesses. Now there is a real effort in Montgomery to stop lawsuit abuse. This reform would bring more jobs to Alabama and protect small businesses from frivolous lawsuits that could put them out of business. Visit NFIB.com/Alabama and learn how you can help stop lawsuit abuse and save Alabama’s small businesses. Paid for by the National Federation of Independent Business, 555 12th St. NW, Suite 1001, Washington, D.C., 20004.”
The digital ads also connect readers to NFIB.com/Alabama, which provides details on S.293/H.420 and tells readers how to contact their legislators.
