Asbestos is a hazard, but a manageable one if it's still intact. I think there's probably an analogous risk here - as long as people aren't somehow ingesting it

Asbestos is a hazard, but a manageable one if it's still intact. I think there's probably an analogous risk here - as long as people aren't somehow ingesting it, it's probably fine where it is. If you're doing demolition where the material is involved, some proper PPE and disposal is in order.