Trade Credit Program Helps Technology Manufacturer Remove Large Risk from Balance Sheet

Manufacturing and Technology Case Study

The Request

Have previously excluded transaction included in program

Company Profile

Industry: Manufacturing and Technology

Annual Revenue: $1 billion

A global leader in electronic learning products had a large transaction be excluded from its trade credit program. This transaction represented a sizable amount of its revenue and added significant risk to its balance sheet. The customer engaged Brown & Brown to help reinstate this transaction within its trade credit program.

The Solution

Leveraged experience and relationship to revise program structure

The Brown & Brown Trade Credit team leveraged their experience and relationship with the carrier to collaborate and find a solution and was successful in having the transaction incorporated into the program.

The Results

$2 million of risk off the balance sheet

The team worked with the carrier to include the transaction while also revising the program’s structure, allowing the customer to remove $2 million of risk from its balance sheet. The customer was pleased with the results and has engaged Brown & Brown on additional lines of coverage.

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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.