Springfield Business Journal

National Federation of Independent Business survey results

sbjadmin Jun 10, 2020 11:27 AM

Illinois small business owners surveyed by the National Federation of Independent Business say they're concerned about the possibility of lawsuits related to the COVID-19 outbreak.

Sixty-two percent of owners who responded to the online survey say they’re very or moderately concerned about increased liability. Eighteen percent say they're not too concerned; 10% aren't concerned at all.

“Baseless lawsuits are a constant concern of small business owners,” said Mark Grant, state director of NFIB. “The cost of defending itself against a bogus claim can be enough to make a small business close for good, even if the case is eventually thrown out of court.

“It’s clear from the survey that our members are concerned about the threat of lawsuits that exploit the already devastating impact of the COVID-19 virus,” Grant said. “That’s why it’s crucial that our elected leaders here and in Washington take steps to protect small businesses from predatory lawsuits at a time when they are especially vulnerable.”

In addition, the survey said:

“I think the survey shows that our members understand that restarting will be a process that takes time,” Grant said. “Our hope is that our state officials will allow more businesses to reopen soon so they can begin to recover and put people back to work.”

Click here to read the full survey.