As a small business owner, I risk facing a lawsuit every time I open up my doors. Lawsuits can exceed my insurance limits and could even destroy my business due to the legal costs associated with handling and settling such claims.
Due to financial constraints, most, if not all, Illinois small business owners share this risk of being shut down if the payout is more than they can afford. Further, by taking time away from their job, the ordeal of a lawsuit hinders an owner’s ability to run a successful business.
In order to stop small businesses from being completely destroyed by lawsuits, I ask that our representatives put caps on the amount that the court can award for different cases. This would allow injured parties to seek fair compensation of non-economic damages without the risk of putting well-meaning, hard-working business owners out of business.
Small businesses are an integral part of our community, and by implementing these caps, Illinois can be both consumer and business friendly.
– Ray Kincaid, Hoffman Estates (Owner, Kincaid’s)