A mesothelioma lawsuit holds companies accountable for exposing people to asbestos. It can also compensate people financially and help them cope with medical bills and loss of income.
Compensation differs for each mesothelioma claim. It can range from small amounts to sums in the millions of dollars. It can be hard to predict how much compensation can come with each case, or even how a case will be resolved. An experienced asbestos attorney can help gauge your eligibility and case value.
In most cases, a mesothelioma diagnosis can be traced to a specific company or companies that exposed you to asbestos. In these situations, the company often knowingly risked your health and safety in order to make a profit. You deserve compensation for your suffering.
There are various types of mesothelioma claims that may apply to your situation. An attorney can explain your options and help you file the appropriate claim for your circumstances. If you or your loved one is not filing a claim, there may be other types of general financial help available.
What Types of Compensation Can You Receive?
Bankruptcy Trust Funds
Many companies that mined asbestos or manufactured products with asbestos no longer exist. Some were bought by other companies, while others went out of business. Some declared bankruptcy because of the large number of asbestos lawsuits filed against them.
This does not mean these companies don’t have money. In bankruptcy protection, many companies were ordered to set up funds to compensate asbestos victims. These funds are known as mesothelioma compensation funds or trust funds. They can play a key role in the settlement process because the funds can quickly dispatch a case.
LEARN ABOUT TRUST FUNDS
Some defendants in asbestos-related lawsuits decide settling a claim is cheaper than racking up more legal fees and risking a loss at trial. Most mesothelioma attorneys are paid only if their clients’ claims are successful. Defendants’ attorneys, on the other hand, are usually paid an hourly rate throughout the case process, and that cost is not tied to the case outcome.
Other defendants are willing to risk a trial. Even if a case goes to trial, a defendant can opt to negotiate a settlement, particularly if the case seems to be favoring you.
LEARN ABOUT SETTLEMENTS
If your case goes to trial and the defendant does not settle, there are two likely outcomes: Liability or no liability. If the defendant is found liable, money is usually awarded to you. Each mesothelioma case is unique, and there are no set guidelines for claim compensation from asbestos exposure.
If you win, the amount owed to you depends on the facts of your case and other factors, such as medical costs and lost income.
LEARN ABOUT THE TRIAL PROCESS
Many people who served in a branch of the U.S. armed forces were exposed to asbestos — especially those who worked in shipyards.
Veterans have a right to file a claim with the VA seeking compensation for any illnesses that developed as a result of their military service. The paperwork can be confusing and complicated. A VA-accredited claims agent can help.
LEARN ABOUT FILING A VA CLAIM