Utah is consistently ranked as one of the best states in the nation to do business, but Senate Bill 211 will drive up insurance costs for Utahans.
Senate Bill 211 would prohibit the admissibility of compensation paid in civil cases and opens the door to awarding phantom damages in civil lawsuits.
Instead of reining in damages awarded, this bill will allow runaway payments that increase insurance rates of small business owners across the state.
The cost of doing business has risen drastically in recent years, and this bill would exacerbate the fiscal pressure on law-abiding small business owners.
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Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.