Insure up to 95% of potential losses under an export contract

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Insure up to 95% of potential losses under an export contract

Getting paid for an export order can be a concern especially in these uncertain times for businesses, it can be as simple as Export insurance which protects a business against the risk of not getting paid by an international buyer.

UK Export Finance (UKEF) have listened and understand sometimes businesses need cover and don’t have all the background information on a new buyer especially in sectors like Food & Drink this is where our new Small Export Builder could help. The Small Export Builder covers against the same risks of loss as our standard export insurance policies.

Insure up to 95% of potential losses under an export contract

If a business is applying for multiple contract insurance and requests an initial credit limit of £25,000 or less, they may be eligible for the Small Export Builder. The Small Export Builder lets you increase your credit insurance limit incrementally from an initial credit limit of £25,000 up to a maximum credit limit of £100,000. Find out about UKEF export insurance - GOV.UK

Eligibility

You must meet the following conditions:

you’re exporting from the UK and have an established business base here
your buyer is based overseas in a country that UKEF covers
at least 20% of the value of your export comes from UK goods or services (the value can include your profit margin)
you’re unable to get export insurance from the private sector – UKEF doesn’t compete with the private sector.

Find your buyer’s country on the list of countries.

Get a quote

How you get a quote depends on your type of buyer.

If your buyer is in the private sector:

You can get an instant quote online for: - a single contract policy for up to 22 months - multiple contract policy of 12 months
If you need cover for longer than these time periods, fill in this form instead.

If your buyer is a government or public sector body:

You can get a quote by filling in this form.

All quotes are non-binding.

How to apply

If you’re eligible, you can make a full application. It’s free to apply.