EFA Essentials: What Every Insurance Professional Must Know
Episode 2 explores Environmental Financial Assurance (EFA)—what it is, why it exists, and why it matters more than ever in today’s economic and regulatory environment. Chris and Brooks trace the origins of EFA back to Superfund and federal regulation, explain how contracts and indemnification provisions often leave companies unknowingly self insuring, and break down why insurance is frequently the most practical solution for meeting EFA requirements. They also explore real world use cases across construction, real estate, M&A, and high net worth exposures, clarify common coverage mistakes, and explain how the right EFA strategy can protect balance sheets, reputations, and long term business value.