How Much Compensation Can You Get for Mesothelioma
Mesothelioma compensation
differs for each type of 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. If a mesothelioma claim goes
to trial, a settlement could be reached or a jury could determine the amount of
compensation, if the defendant is found guilty for the asbestos exposure. 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.
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.
Settlements
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.
Trial Verdicts
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.
How to Get Mesothelioma
Compensation
Consider the following steps to get
mesothelioma compensation:
When
Will I Receive Compensation
Compensation from an
asbestos lawsuit usually comes after a settlement is reached or you win a trial
verdict.
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