Why should I be concerned about hazardous materials in my building?

Hazardous materials often pose a health risk to your employees, your customers, and persons using the building. If someone is injured because of the materials in the building you may be liable. In addition, the presence of hazardous materials often affects the leasability and almost always reduces the sale value of a building

What are some of the examples of those financial liabilities?

An owner of a property that has asbestos will find it difficult to obtain financing for the property. They may not be able to renew a mortgage if those conditions are found to be present. So if you are considering either purchasing or selling a property you need to have an assessment performed of the environmental conditions. This is generally a condition of the financing of any property offered by any major financial institution.