Cooley Group Enlists FGI Risk and T.R.U.S.T.™ for Risk Mitigation and Management
“Consolidating our credit insurance policies through FGI Risk and using T.R.U.S.T. to monitor them has been a tremendous boost for our risk mitigation processes. Credit insurance has always been something we have had in place as a safeguard, but FGI transformed it into a tool that saves us resources and allows for growth. Cooley is committed to sustainable chemistry through state-of-the-art research & development and manufacturing facilities, stringent process controls, exhaustive safety practices, compliance testing, and responsive technical assistance. With our credit insurance optimized, we can freely focus on our commitment and continuing to grow the business.”
Cooley Group (“Cooley”) is a global leader in polymer technology and manufacturing of technical textiles. Founded in 1926 and headquartered in Rhode Island, Cooley’s solutions have been utilized in some of the world’s most high-profile environmental protection initiatives. With a 90-year history of proven performance and innovation, Cooley has established itself as a renowned expert in polymer technology and coated industrial fabrics with collaboration partners including Dow Chemical, DuPont, BASF, and other premier global organizations.
Cooley markets and distributes its products in over 50 countries on six continents and relies on credit insurance as an integral part of its risk mitigation program. However, legacy policies were not optimized, as the company had a policy with one carrier for export sales in addition to a policy with a second carrier for domestic sales.
FGI Risk consolidated the policies under a major carrier, saving Cooley on premium costs as well as time by eliminating a policy that required monthly reporting. Cooley also implemented FGI Tech’s T.R.U.S.T. software to automate the monitoring of their policies, ensuring 24/7 compliance.
