FGI Protects Energy Business Over the Last Decade
“For over a decade, we have been partnering with FGI to service our credit insurance needs in the marketplace. As our broker, FGI successfully negotiates the best rates for us each year, as well as structures our policies so that we are protected to the highest degree. With credit insurance, we can do more business while protecting ourselves, which has helped our organization tremendously.”
VP, Treasury and Risk Management, Mansfield Energy Corp.
For over 60 years, Mansfield Energy Corp., a Georgia-based company, has delivered solutions for energy procurement, supply, and logistics challenges for organizations across North America. Their offerings range from fuel to natural gas delivery to energy price and data management services. Due to the nature of their business, Mansfield sought out an innovative solution that could minimize the risks associated with their industry while maximizing their growth opportunities.
Although credit insurance is not required for Mansfield by any third party, they chose to proactively protect their business due to the threat of volatility in the energy sector. For the past 10 years, FGI has been working alongside Mansfield as a broker for their credit insurance policies. Securing credit insurance allows Mansfield to recover, in the event that a customer fails to pay, or a catastrophic event occurs. For example, today’s current state of the commodities market can lead to detrimental losses; but with insurance, Mansfield can remain protected and avoid the pitfalls of instability others in the industry may face.
Along with providing the servicing component, FGI was also able to negotiate better rates for Mansfield and structure the best terms possible. This has allowed them to receive the highest level of protection at the lowest cost. With this partnership, Mansfield can focus on its sales expansion and growth goals.
