Shady trial attorneys have been exploiting companies and customers for many years utilizing inaccurate injury claims in courtroom. As a small enterprise proprietor, I do know that accidents occur, and victims want the assistance they deserve. However what I can’t wrap my head round is how lawmakers have allowed gaping loopholes in Florida’s authorized system that incentivizes attorneys to cowl up the true price of medical procedures and inflate the damages they search in courtroom.
Actually, that is such a giant downside that almost all firms, afraid of getting to pay these loopy excessive prices, settle out of courtroom simply to place these lawsuits behind them. Most small companies don’t have the sources to battle these battles in courtroom. Legal professionals depend on this simple cash and know they’ll by no means must argue many of those circumstances in entrance of a choose.
In fact, Florida companies are pressured to boost costs to offset this added authorized danger. It significantly impacts our insurance coverage charges since insurers are often those on the hook. Ever questioned why we’re constantly listed as having a number of the highest insurance coverage premiums within the nation? Sadly, the true losers are small companies, workers, and customers.
As enterprise bills improve, the enterprise proprietor is pressured to both lower jobs or elevate costs, or each. Amid a recession and document inflation, lawmakers should prioritize cleansing up this mess. We want accuracy in damages reform now.