Whilst all levels of Government are doing their best to save lives and save livelihoods, it seems QBE Insurance has decided to introduce draconian changes to their policies that will have a huge impact on businesses within our sector.

The changes made by QBE, which are summarised below by Jaqi Rota of Austbrokers Trade Credit is like QBE tracking a bushfire through a community to see which houses will burn and then contacting the home owners and cancelling their home and contents insurance before the fire hits. This is unacceptable.

FTMA Australia has reached out to TABMA who also has members with QBE trade credit policies and together we will raise the issue with the media and necessary politicians in the hope of overturning this poor decision and ensuring those who have held Trade Credit Insurance are protected.