Mesothelioma Compensation: Amounts, Funds and Payouts


What are your options related to mesothelioma compensation and other asbestos-related diseases? 

This web page contains a lot of what you need to know about settlement amounts, where and how trust funds work, and how you can receive compensation. It also explores possible verdict outcomes and how mesothelioma compensation from a trial or verdict is determined.

 Types of Asbestos Compensation Options Those who are seeking compensation can pursue a few different channels. Each one carries its own set of specifics that your asbestos attorney should explain to you. The primary options include the following: Mesothelioma and Asbestos Settlements In most instances negotiations between the attorneys on both sides will inevitably yield a mutually agreeable settlement amount to be paid to you.

From your legal team’s perspective, the goal of a settlement is to ensure you quickly receive a fair amount while we make the process less complicated and painful for you. Of course, the attorneys working for the corporation(s) that caused your mesothelioma and for their insurance companies are doing whatever they can to make the settlement as small as possible. A settlement is a compromise between you and the guilty party that knowingly exposed you to a harmful substance.

The amount of the settlement will vary based on a number of factors. Settlements typically don’t come with an admission of guilt by the responsible parties. This does not shield other potential victims from pursuing legal recourse for their mesothelioma or asbestos-related diagnosis. Mesothelioma Compensation and Asbestos Trust Funds 

As of 2014, the US asbestos bankruptcy trusts have paid out roughly $21 billion to date. The asbestos bankruptcy industry – as we call it – is a way for companies to stay financially protected from victims who may be seeking mesothelioma compensation.

 These trust funds, and there are 50 of them, are typically created to cover the financial obligations of asbestos-related litigation throughout the course of a company’s existence – particularly when the danger of asbestos exposure is an element of company operations. It is estimated that altogether the bankruptcy trust funds have $32 billion in remaining assets.

 Trust funds keep money available to you even if a company is struggling financially. The amount paid for a single case is based on the number of present cases, how many cases are expected in the future, divided into the amount of money or assets of each trust. Using this methodology, and their total value, your average shipyard worker or construction worker with mesothelioma could expect compensation totaling about $260,000 or more.

 Bankruptcy protection does not prevent you from seeking compensation for asbestos diseases and illnesses. These trust funds will help you collect what you’re entitled to even if the responsible company went through bankruptcy proceedings.

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