Environmental Strategist Podcast - EFA Essentials: What Every Insurance Professional Must Know
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Environmental Strategist Podcast - EFA Essentials: What Every Insurance Professional Must Know
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About this listen
Topics Covered:
- What Environmental Financial Assurance (EFA) is and why it exists
- The regulatory origins of EFA, including Superfund and CERCLA
- How contracts and environmental indemnifications can create hidden self‑insurance
- Why insurance is often the most efficient tool for meeting EFA requirements
- Common industries impacted by EFA: construction, real estate, mergers and acquisitions, and environmental services
- Real‑world examples of contracts requesting the wrong environmental coverage
- Differences between insurance, bonds, letters of credit, escrow, and self‑funding
- How EFA strategies protect balance sheets, cash flow, and reputation
- The risks of discovering inadequate coverage only after a claim occurs
- Why Environmental Strategists focus on education, alignment, and structured EFA planning
Resources from Environmental Risk Managers, Inc.
Focusing exclusively on risk management and insurance professional development, the Risk & Insurance Education Alliance provides a practical advantage at every career stage, positioning our participants and their clients for confidence and success.
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