Posted on Jan 18, 2019
NorthStar Insurance Services, INC.
Environmental threats represent a significant liability risk for commercial real estate owners and developers – from those building and managing condominiums to office buildings to mixed-use properties. Unexpected cleanup costs, regulatory fines and penalties, third-party lawsuits, rental income loss, devalued properties and reputational damage are just some of the direct causes of financial loss. Here we’ll take a look at some of the common environmental liability exposures real estate firms face.