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Asbestos Liability

Asbestos liability lies squarely on the shoulders of the companies that knowingly allowed workers to be exposed to asbestos. Asbestos liability cases are one of the fastest growing type of lawsuit in recent history. Asbestos liability is also a very expensive venture. Corporations are losing lawsuits left and right and attorney's are collecting phenomenal fees for trying the cases. Victims normally only have to pay if the lawsuit is won. Since asbestos was so widely used beginning in 1920, and it can take over 40 years for someone to be diagnosed with a condition related to asbestos, the number of lawsuits is expected to rise. Corporations and some construction companies allowed their workers into buildings to remodel or renovate knowing full well there was asbestos present in the building. Therefore, the corporations and relevant companies are liable when it comes to the damages done as a result of asbestos exposure. Total corporate asbestos liability is now expected to reach or exceed $200 billion. The problem is not so much with the credible cases but those that are fraudulent or false that are clogging up the system and delaying things for those who truly are victims of asbestos. Asbestos liability should be taken seriously.

Fast Facts

  • The U.S. Chamber is working to unify the business community in support of federal legislation to deal with the asbestos litigation crisis.

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