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How much compensation for asbestosis?

In our experience, asbestos trust funds pay out for asbestosis an average of 7K, but this depends on many factors. The range of the sum which we were able to observe during our work is 1K-15K.

answered by Gary Anderson

The compensation amount that you are liable to receive for having developed asbestosis due to negligent workplace exposure to asbestos depends on numerous factors

Compensation factors include the severity of your disease, the size of the asbestos trust fund you have claimed, and the percentage they pay.

Your claim for compensation from the asbestos trust fund will be evaluated along with your work history and medical history to determine how much money you deserve. Based on your illness severity, medical costs, lost wages, and other expenses, the amount of compensation you would receive will be decided. Generally, you will receive compensation in the form of monthly payouts.  A value of a claim can be assessed through three types of reviews, and this can also decide the amount of compensation you will receive. The types of review include:

  • Expedited review: The amount of compensation you will receive will be fixed, non-negotiable, and based on your diagnosis. You will receive the compensation within a short time.
  • Individual review: Your lawyer will be able to negotiate the amount of money you deserve so that you will receive the maximum possible amount of compensation. This will take a longer time.
  •  Extraordinary review: This will be opted in certain circumstances, for instance, if you have worked at a single worksite for several years and if you are liable to receive a higher amount of compensation than in an expedited review.

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