Avoiding Information Gathering About Your Property’s Potential Environmental Contamination May Not Do Your Business Any Favors
Do you own a piece of property that may be contaminated? We often hear clients say they do not want to know the answer to that question because they will be forced to do something about it. We disagree with that approach because you can’t make a good business decision about your property unless you have all the facts.
Here is an analogy to support our point. When you are not feeling well, you can choose whether to go to the doctor or not. If you really are sick, you often won’t get better until you get the right treatment. How many times have you heard someone say the hardest part of any illness is the diagnosis (i.e., not knowing the cause)?
Once you know what is ailing you, you can decide which course of treatment to pursue. The longer you wait, the less choices you may have and the greater the potential that you will need more treatment, rather than less.
We view potential environmental contamination in the same way. If you know the nature and extent of the problem, your business will be able to make better decisions. The business can decide how much or how little to do about the problem and whether to spend resources now or later to address it.