THE RISK

Business failure is by no means a phenomenon restricted to the UK as many exporters have discovered to their cost. In addition, there can be a significant exposure to political risk in the form, for example, of transfer inconvertibility, war, embargoes etc. Problems can furthermore  be compounded by language, different market customs and sheer distance from the buyer.

THE ANSWER

To trade on secure payment terms is one solution but is hardly conducive to expanding sales opportunities. A range of specialist credit insurance products is available to meet the requirements of exporters. Options include whole turnover or single situation covers; commercial risk only/political risk only or both; catastrophe covers, cover in respect of pre-shipment risks etc.

TYPES OF COVER

• Whole Turnover
• Work in Progress
• Political Risks

THE BENEFITS

• Strengthening of asset base.
• A more confident marketing strategy.
• More flexible payment terms for customers.