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Government increases asbestos victim payout to £123,000

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Government increases asbestos victim payout to £123,000

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Published by Max Salsbury for 24dash.com in Health and also in Central Government

Trust representatives speak at national asbestos conferences Trust representatives speak at national asbestos conferences

The government has increased the average compensation package for victims of asbestos-related illness from an initial £115,000 to £123,000.

A £380 million package has been made available for sufferers who are unable to trace a liable employer or an employers’ liability insurer.

Around 3,500 victims of the aggressive asbestos-linked cancer mesothelioma or their families can apply for compensation from next month.

Mesothelioma, which often takes 40 to 50 years to present symptoms after exposure to asbestos, has resulted in over 300 people every year struggling to find a relevant party to sue for damages, because companies become insolvent or insurance records go missing.

Work and pensions minister Mike Penning said: "This will end years of injustice for mesothelioma victims and their families – who have had to endure this terrible disease with little hope of any compensation from the insurance industry.

"We have made it an absolute priority to bring in the scheme as soon as legislation will allow, so I am pleased to announce that victims will be able to apply for payments from next month."

The Mesothelioma Act was passed in January and allowed for the creation of a new package of support – funded by insurance firms – to pay in excess of 800 eligible people in 2014 and 300 every year after that, until 2024.

Victims, or their dependents where the sufferer has died, will receive substantially higher payments than the statutory schemes currently operated by government. They will also get an additional £7,000 towards legal expenses.

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