How Much Compensation Can You Get for Mesothelioma?
Compensation differs for each mesothelioma claim.
According to a 2016 Mealey’s Litigation Report, the average mesothelioma trial award is about $2.4 million. The average settlement ranges from $1 million to $1.4 million.
It can be hard to predict how much compensation can come with each case or how a case will be resolved. An experienced asbestos attorney can help gauge your eligibility and case value.
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 financial assistance 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.
LEARN ABOUT TRUST FUNDS
Some defendants 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 defendants do not settle, a jury will rule them liable or not liable. 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.