‘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’

Anthony Colreavy, Director of Sandbox Media shares his thoughts on the matter. Click here to read more.