Hercules Chemical asbestos trust: payment percentage and values
An approved claim gets 2% of the set amount from the Hercules Chemical Co. Asbestos Settlement Trust for each disease listed.
- Value for mesothelioma
- $70,000
- Portion paid now
- 2%
- Amount a mesothelioma claim receives
- $1,400
Payment amounts for claims under the Hercules Chemical trust
| Disease level | Set amount | Paid at 2% |
|---|---|---|
| Mesothelioma | $70,000 | $1,400 |
| Lung cancer | $14,000 | $280 |
| Other cancer (throat, stomach, colon) | $3,900 | $78 |
| Severe asbestosis | $6,500 | $130 |
These fixed sums apply when the trust uses its faster review process. If a claim gets a detailed, individual review, the value may go up or down.
Record of the Hercules Chemical trust
| Rate in effect since | October 17, 2022 |
|---|---|
| Status | Active, paying claims |
| Company behind it | Hercules Chemical Company |
| Net assets | $4.0 million, as of December 31, 2022 |
| Claims handled by | Verus Claims Services |
| Other trusts' rates | Asbestos trust fund list |
Ask whether a claim fits the Hercules Chemical trust and the other trusts in the work history.
Items produced by Hercules Chemical Company
| Sta-Put plumber's putty | Hercules furnace cement |
| Retort cement | For Heat's Sake |
A claim requires evidence that the individual worked near or with these products.
Filing a claim with the Hercules Chemical trust
- Obtain a written diagnosis from a doctor that includes an exam or pathology report.
- Collect documents showing the person worked with or near company products, like sales, construction, or employment records.
- Verus LLC handles claim processing for the Hercules Chemical trust, and law firms file most of them online. File the claim on the trust's own form and attach those records.
- File with every other trust in your work history at once, since each pays only part of a claim.
Step-by-step guide to trust claims · Lawsuit deadlines by state
Trusts that covered furnaces and boilers too
| Trust | Share paid today | Mesothelioma claim pays now |
|---|---|---|
| Combustion Engineering | 15.3% | $11,475 |
| Babcock & Wilcox | 4.3% | $3,870 |
| Burns and Roe | 36.87% | $22,122 |
| NARCO | 100% | $75,000 |
Sources: scheduled values from the trust's claim value page; products from mesothelioma.com; trust record via AsbestosTrusts.org (CC BY 4.0), updated monthly.