In this episode of the Environmental Strategist series, Brooks Bunbury, eS and Chris Bunbury, eS from Environmental Risk Managers, Inc. explore Environmental Financial Assurance (EFA) and why it plays a critical role in managing environmental risk. The discussion traces the origins of EFA to federal regulation, explains how contractual indemnities often leave businesses unknowingly self‑insuring environmental liabilities, and highlights why insurance is frequently the most effective tool for meeting EFA requirements. Through real‑world examples and practical insights, the conversation underscores the operational, financial, and reputational consequences organizations face when environmental obligations are not properly backed.
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