Using insurance to protect your business
Find out how to ensure your goods and services are properly insured and how to protect your business against non-payment when exporting.
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How to insure against non-payment when exporting
Trade credit insurance moves the risk of non-payment from your company to the insurer. It can protect you from the non-payment, insolvency or bankruptcy of your customers.
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The UK government organisation, UK Export Finance (UKEF), works with banks and insurers to arrange insurance policies for exporters. Its advisers have a wide knowledge of the insurance options available to UK exporters and how they work.
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Ensure exports are properly valued and insured
UK Export Finance (UKEF), the government’s export credit agency, can insure you for up to 95% of potential losses, under an export contract.
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Cover includes if a buyer fails to pay, if a contract is terminated before shipment and if your export cannot be completed due to political events. UKEF export insurance covers most types of business and sectors, as long as you have the relevant export licences, if they are required.
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