{"id":2138,"date":"2022-10-03T15:04:49","date_gmt":"2022-10-03T20:04:49","guid":{"rendered":"https:\/\/www.bbrown.com\/?post_type=case_study&p=2138"},"modified":"2022-10-03T15:04:49","modified_gmt":"2022-10-03T20:04:49","slug":"consolidated-trade-credit-programs","status":"publish","type":"case_study","link":"https:\/\/www.bbrown.com\/us\/case-study\/consolidated-trade-credit-programs\/","title":{"rendered":"Consolidated Trade Credit Programs Helps Lower Premium and Administrative Costs"},"content":{"rendered":"

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Case Study<\/p>\n

\n Consolidated Trade Credit Programs Helps Lower Premium and Administrative Costs\n <\/h1>\n\t\n <\/div>\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n\n\t\n[\/vc_column][\/vc_row][vc_row row_padding_bottom=”pb-2″ full_width=”stretch_row” equal_height=”yes” content_placement=”bottom”][vc_column width=”1\/4″][vc_single_image image=”791″ img_size=”full”][\/vc_column][vc_column width=”3\/4″]\n
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\n The Request\n <\/h2>\n\t\n <\/div>[vc_column_text]<\/p>\n

Combine subsidiary policies and receive the lower of the two policy rates<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_top=”pt-1″ equal_height=”yes” content_placement=”bottom”][vc_column][vc_column_text]Company Profile
\n<\/strong>Industry:<\/strong> Food Retail and Food Service
\nAnnual Revenue:\u00a0<\/b>$5 billion globally<\/span><\/p>\n

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.[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_bottom=”pb-2″ full_width=”stretch_row” equal_height=”yes” content_placement=”bottom” css=”.vc_custom_1638896243466{background-color: #eaeaec !important;}”][vc_column width=”1\/4″][vc_single_image image=”794″ img_size=”full”][\/vc_column][vc_column width=”3\/4″]\n

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\n The Solution\n <\/h2>\n\t\n <\/div>[vc_column_text]<\/p>\n

Created a marketing campaign to provide alternative options<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_top=”pt-1″ full_width=”stretch_row” css=”.vc_custom_1638896256859{background-color: #eaeaec !important;}”][vc_column][vc_column_text]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.[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_bottom=”pb-2″ equal_height=”yes” content_placement=”bottom”][vc_column width=”1\/4″][vc_single_image image=”792″ img_size=”full”][\/vc_column][vc_column width=”3\/4″]\n

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\n The Results\n <\/h2>\n\t\n <\/div>[vc_column_text]<\/p>\n

Policies were combined, saving over $120,000 in premium<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_top=”pt-2″ equal_height=”yes” content_placement=”middle”][vc_column][vc_column_text]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.[\/vc_column_text][vc_single_image image=”1423″ img_size=”medium” onclick=”custom_link” img_link_target=”_blank” link=”https:\/\/www.bbrown.com\/wp-content\/uploads\/2022\/10\/Case-Study-Consolidated-Trade-Credit-Programs-Brown-Brown-2.pdf”][\/vc_column][\/vc_row][vc_row][vc_column]\n

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Ready to help minimize your risk and uncertainty?<\/p>\n

\n Contact us for more information.\n <\/h2>\n\t\n <\/div>\t
\n\t\t\t\t\t\n\t\t\t\tContact Us<\/span>\n\t\t\t<\/a>\n\t\t\t<\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column][vc_separator][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]DISCLAIMER:<\/span>\u00a0<\/span>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.<\/span>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Brown & Brown worked with a food service company to combine subsidiary policies. 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