Most companies established an Asbestos Trust Fund after the 1970s, when damaging medical evidence began surfacing about the hazards of asbestos exposure. It became clear that asbestos is the primary cause of mesothelioma, and companies were responsible for exposing workers to toxic materials.
Many companies that manufactured asbestos or asbestos products went bankrupt from legal pressure, and set up trusts for victims in bankruptcy settlements.
Over $30 billion was set aside in Asbestos Trust Funds. Victims of asbestos exposure were compensated about $15 billion between 2006 and 2012. Many mesothelioma victims worked in the following industries:
Trust funds were originally established to compensate workers and families with secondary exposure to asbestos. There were so many lawsuits filed that companies were forced to establish a better way to assist past employees for the damage they caused.
Joe Lyon is a highly-rated Ohio Asbestos Trust Fund Lawyer and Mesothelioma Attorney reviewing workplace injury and toxic exposure cases for plaintiffs nationwide.
Asbestos Trust Fund Claims
When victims file a trust fund claim, it is similar to filing a lawsuit. It is prudent to hire experienced counsel to ensure the procedure is streamlined and compensation is maximized.
Victims must show proof of having an asbestos-related illness and evidence the illness was caused by exposure to asbestos from a company’s product or workplace. Hiring an asbestos trust fund lawyer will help you file your trust fund claim against one or more companies responsible.
Sometime trust funds require plaintiffs to provide their medical records and proof of work history to file a claim. Eligibility requirements for claimants differ for each asbestos trust fund. It is best to work with a lawyer and legal experts in order to gather all available evidence so an asbestos claim is approved.
An asbestos trust fund lawyer can advise plaintiffs on the best type of submission would be in each particular exposure injury case. Asbestos victims who file a claim with the assistance of a lawyer can expect to receive compensation within 3 to 6 months.
There is no safe level of asbestos exposure. Any acute or long-term exposure to asbestos materials can result in serious respiratory illness and cancers. Plaintiffs nay have a claim against former employers if they have been diagnosed with the following:
