According to statistics - the cost of the lawsuit system is 1.82% of America's Gross Domestic Product.
This means $.02 of every dollar you spend is going to pay for lawsuit costs.
Since 1950 - the cost of lawsuits has escalated 8.7% a year! If only we could get that rate of return on an investment!
The average malpractice award was $3.4 million, the average product liability award was $5.6 million!
Even on ordinary Roseville Business Insurance - the statistics say 44% of claims is litigation. Ouch.
We have multiple solutions to keep your professional liability insurance and Rocklin Business Insurance in check!
The source data is here from the insurance information institute.