In 2002, I wrote "Mold Is Gold: Or Is It?" for CFMA Building Profits. My work was prompted by headlines touting mold as a golden opportunity for inspectors, consultants, and remediators - not to mention civil attorneys.
During the past several years, mold has spawned an entire cottage industry. But, is mold really the tort risk that contractors and their insurance companies once feared?
Identifying exposures is the first step to managing environmental risk.
Over the past 10 years, construction firms are increasingly recognizing the environmental exposures that exist in their routine construction activities. When left unmanaged, these environmental exposures are time bombs that threaten the life of an organization. While more contractors are acknowledging this reality, few are acting to identify exposures and manage risks to ensure their continued longevity and profitability.