‘Awkward’: Indie media agencies blocked by trade insurance groups – not ‘in this together’.
Key points:
- The independent media agency sector may be one of the hardest hit in the coronavirus pandemic
- Trade credit insurance is a (substantial) cost of doing business in the sector
- Some insurance companies are effectively penalising Australian-owned businesses as they ‘de-risk’ themselves, leaving agencies in the awkward position of asking clients for money up front
- Long term customer relationships and being there in good times and bad doesn’t seem to apply to some in the insurance sector. We are definitely not ‘all in this together’
