FGI Risk Supports Commonwealth Wholesale Corporation in Securing Trade Credit Insurance
“Commonwealth Wholesale Corporation is a world-class company, dedicated to distribution, logistics, and product development with the highest level of customer service. Trade credit insurance has long been a part of our risk management program to protect our accounts receivables; however, since partnering with FGI Risk and benefiting from their expertise, we have a new perspective on the value it brings to our business.”
Commonwealth Wholesale Corporation (“CWC”) is an industry-leading supplier and wholesale distributor of name-brand health, beauty, personal care and household products for some of the world’s largest retail chains, as well as local and regional retailers. Headquartered in New Jersey, CWC has specialized for more than 30 years in partnering with manufacturers to bring merchandise to market and expand distribution.
Experts in product development, distribution, and marketing, CWC has employed trade credit insurance to safeguard assets for over a decade, but had not enlisted the help of a broker until connecting with FGI in 2022. The transition was seamless, and FGI promptly began reviewing the contract for the upcoming renewal — identifying and facilitating retroactive refunds owed to CWC and successfully appealing coverage on one of CWC’s key accounts.
Now serving as broker of record for CWC, FGI acts as an advisor and advocate for the Company, assisting with appeals, policy structure and negotiating rates as CWC continues to focus on launching and expanding distribution for manufacturing partners.
