Factors that can influence compensation in an asbestos claim

On Behalf of | Jun 11, 2023 | asbestos

People fall ill all the time. But not many diagnoses can be as devastating as learning that you have a potentially terminal disease. Unfortunately, close to 3,000 Americans are diagnosed with mesothelioma yearly. If you develop mesothelioma following exposure to asbestos at work, or if your loved one’s death is attributed to this deadly cancer, you may be eligible for damages through a mesothelioma lawsuit. 

Mesothelioma claims fall under personal injury lawsuits. Thus, it is not uncommon to reach an out-of-court settlement for your mesothelioma claim. Done right, an out-of-court settlement can let you resolve the matter faster, receive the compensation you deserve and focus on your treatment plan. But what factors come into play when settling your asbestos claim in Louisiana?

How mesothelioma claims are settled

Mesothelioma settlements can vary depending on the specifics of each case. Here are some of the variables that could determine your settlement amount:

  • The amount of lost wages
  • The cost of past, current and future medical expenses
  • Whether the case involves employer negligence
  • The number of parties involved in the claim
  • The matrix of the claim, including any links to the asbestos trust fund. 

The defendant’s history can also be an important factor, especially if they have been sued for asbestos exposure before and how such a claim ended. 

The amount of compensation you receive largely depends on the strength and details of your case. Having legal guidance behind you will help ensure that you get the settlement you deserve.