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Credit Insurance

Get insurance against the risk of not being paid for an export contract, or of not being able to recover the costs of performing that contract because of certain events.

Up to 95%

Cover for up to 95% of potential losses

Support

Available directly from UKEF or via a credit insurance broker

All sizes

No minimum or maximum amounts that can be covered

How it works

When carrying out an export contract, you may incur costs before delivering goods or providing services to your buyer (for example, purchasing raw materials). Or, as your goods are delivered, you may be entitled to payments under the terms of the contract.

Credit Insurance can provide cover for unforeseen events, such as:

  • buyer insolvency
  • your buyer’s failure to pay amounts due to you
  • political, economic or administrative events outside the UK that prevent payment being made in foreign currencies
  • hostilities or civil disturbances

The premium payable for our cover is determined on a case-by-case basis. You can now check your eligibility and apply for Credit Insurance quickly and easily with our new online portal on GOV.UK.

Eligibility

You must meet the following conditions:

  • you’re exporting from the UK and have an established business base here
  • at least 20% of the value of your export comes from UK goods or services (the value can include your profit margin)
  • your buyer is based overseas in a country that UKEF covers
  • we may also ask you if you’ve tried to get credit insurance through the private market. This is because we’re not in competition with the private insurance market but are here to help when they cannot.

Follow these steps to check if a country is covered.

  1. Find your buyer’s country on the list of countries.
  2. Look for the ‘cash or short term cover’ information to check whether you can get UKEF export insurance for this buyer country.

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 via GOV.UK for:

  • a single contract policy for up to 24 months
  • multiple contract policy of 12 months

If you need cover for longer than these time periods, fill in this form on GOV.UK instead.

If your buyer is a government or public sector body

You can get a quote by filling in this form on GOV.UK

All quotes are non-binding.

 

How to apply

You can now check your eligibility and make a full application on our new online portal on GOV.UK.