Environmental

Environmental laws and regulations present concerns to even the smallest company. Some federal laws require facilities that treat, store, or dispose of hazardous materials to demonstrate financial responsibility for any potential environmental liability. TEI provides our clients with advice and guidance to deal with these various environmental exposures.

Prior to the acquisition or change of ownership of a building or land, it is critical to identify any potential environmental concerns that may exist. Financial institutions frequently require that a Phase I Environmental Assessment be conducted to accomplish this task. This assessment will provide you with information to assist in making an informed business decision. Overlooking this concern can cost you substantial future environmental expenditures, even if you did not create or distribute to the contamination.

The scope of work for a Phase I Environmental Assessment may vary by financial institution or corporation. TEI will prepare a specific scope of work to meet these requirements. The intention of a Phase I Environmental Assessment is only to identify potential environmental concerns. Sampling to determine if an environmental problem exists would be part of a Phase II Site Assessment.

Environmental audits (Phase I and II) outline how well a facility and its operations conform to the existing laws and regulations. On-site reviews document the effectiveness of environmental programs in attaining compliance. Our professional consultants provide recommendations for attaining compliance in both the present and the future.

Environmental risk assessments identify areas where regulations do not generally exist, but where there is a potential for environmental impairment that may lead to third party liability. TEI can provide an environmental risk assessment to our corporate clients seeking pollution or environmental liability insurance. Acquisition and sale audits provide our clients with an assessment of potential liabilities. Any existing or potential liabilities are analyzed for the nature of the contamination and the financial impact of remediation.