Prior to about 1987, general liability insurance policies on dry cleaners included the cost of environmental liability and cleanup.  If property owners collected certificates of additionally insured from the dry cleaner businesses then it is possible they can file a claim now for environmental cleanup.  After 1987 the insurance companiesRead More →

If you are investing in commercial real estate, it is best to investigate its past uses before you buy.  Most banks and lenders require that a Phase I environmental site assessment is done to identify areas of potential contamination.  Then as potential threats are identified, a Phase II investigation ofRead More →