Consolidated Trade Credit Programs Helps Lower Premium and Administrative Costs

Case Study

The Request

Combine subsidiary policies and receive the lower of the two policy rates

Company Profile
Industry: Food Retail and Food Service
Annual Revenue: $5 billion globally

A large food producer and distributor had two separate trade credit policies with differing structures for two of its subsidiaries placed with the same carrier. Due to losses, one policy carried a significantly higher premium rate. The customer engaged Brown & Brown to help combine the program at the lower of the two rates.

The Solution

Created a marketing campaign to provide alternative options

The Brown & Brown Trade Credit team initiated a marketing campaign to provide the customer with alternative solutions. The incumbent saw the risk of losing the program and began working with the team to help find a solution.

The Results

Policies were combined, saving over $120,000 in premium

Brown & Brown helped the customer to successfully combine the two programs at the lower rate saving the customer over $120,000 in premium. Consolidating the two programs also allowed the customer to save on administrative costs, eliminating potential errors and streamlining the internal processing of a single policy versus separate policies.

Ready to help minimize your risk and uncertainty?

Contact us for more information.

DISCLAIMER: Brown & Brown, Inc. and all its affiliates, do not provide legal, regulatory or tax guidance, or advice. If legal advice counsel or representation is needed, the services of a legal professional should be sought. The information in this document is intended to provide a general overview of the topics and services contained herein. Brown & Brown, Inc. and all its affiliates, make no representation or warranty as to the accuracy or completeness of the document and undertakes no obligation to update or revise the document based upon new information or future changes.

DISCLAIMER: Brown & Brown, Inc. and all its affiliates, do not provide legal, regulatory or tax guidance, or advice. If legal advice counsel or representation is needed, the services of a legal professional should be sought. The information in this document is intended to provide a general overview of the topics and services contained herein. Brown & Brown, Inc. and all its affiliates, make no representation or warranty as to the accuracy or completeness of the document and undertakes no obligation to update or revise the document based upon new information or future changes.