Frivolous Lawsuits Drive-Up Small Business Costs

Operating a small business always has its challenges, especially in the construction industry. We try to keep costs down for our customers, which means we have to keep costs down for ourselves.

Recently shortages of raw materials and a tight labor market have caused some pain across the board, but one the of costs we deal with every day is related to workers’ compensation insurance.

One of the big drivers of the increase in those costs has been the rise of frivolous lawsuits.  It’s why I am so grateful the legislature took time in this past legislative session to address lawsuit abuse with a variety of measures designed to keep small businesses from being held hostage to plaintiffs just looking for a quick settlement.  Controlling the cost of insurance will reduce paperwork, legal fees, and the rising premiums we must pay and then pass on to customers.

Fewer lawsuits and fewer frivolous claims should lead to lower rates, and lower insurance rates means more affordable housing.  I urge the legislature to maintain their commitment to the reforms.  Unfortunately, they are trying to undo some of those reforms this session.  I hope they will change their collective minds, or perhaps the governor will veto. 

We do not need to go backward on these issues now.

Zeb Hunter

Tallahassee, FL