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Asbestos Trust

An asbestos trust is a form of settlement that is set up after a company has been found to be required to pay a settlement to one or more people because they of negligence in protecting these individuals from asbestos exposure. As many as 6,000 companies worldwide are estimated to have allowed employees to have been exposed to asbestos material while on the job, while knowing the risks associated with doing so. Now, as many more civil litigation cases are brought to the forefront in which plaintiffs are showcasing how negligent the companies were, courts and judges are requiring the set up of trusts to pay for the medical costs and losses associated with the asbestos. This is done through an asbestos trust.

Fast Facts

  • Mesothelioma is a form of cancer that is nearly 100 percent preventable.
  • The only known exposure to cause mesothelioma is asbestos material.
  • According to the National Institute of Health, by 1978, 8 to 11 million United States employees had been exposed to asbestos material as of that date.

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Did You Know?

The automotive industry uses asbestos in vehicle brakeshoes and clutch pads. More than 5,000 products contain or have contained asbestos. Auto repair & brake repair mechanics can be at risk.

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