Potential Environmental and Regulatory Liabilities at Real Estate Entities

CMR Risk & Insurance Services Inc. > Blog > Uncategorized > Potential Environmental and Regulatory Liabilities at Real Estate Entities
Posted by: CMR March 2, 2021 No Comments

The most common environmental and regulatory exposures encountered by real estate entities include:

  • Contaminants from known and unknown historical usage/operations or neighboring properties.
  • Investigation and defense due to local and regional soil and groundwater contamination.
  • Air emissions from ammonia-based refrigeration systems.
  • Construction debris containing hazardous materials (e.g. paint cans, tars, etc.)
  • Sick Building Syndrome (i.e. carbon monoxide, mold or bacterial air releases from faulty heating, ventilation or air conditioning systems).
  • Hazardous chemical storage including laboratory chemicals, medical wastes from doctor and dentist offices, dry cleaning solvents, pesticides and herbicides used both indoors and outdoors, etc.
  • Inadequate containment at loading/unloading areas.
  • Inadequate containment for hazardous materials, waste and process areas.
  • Lead, asbestos, PCBs and radioactive material.
  • Methane contamination from buried tree stumps and construction debris.
  • “Midnight dumping” on vacant land parcels.
  • Past landfills, lagoons and other solid waste disposal areas.

This is not an exhaustive list of environmental exposures. It represents the most common environmental exposures for this industry.

Source – Zywave, Inc.

Author: CMR

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