Export Insurance Policy: sample policies

Specimen policies for UKEF’s Export Insurance Policy:

1. Single Contract policy: can cover a one-off contract with a single customer under which there may be one or more shipments.
2. Multiple Contract policy: can cover repeat contracts with one or more shipments to a single buyer over a defined period.
3. Pay If Paid policy: can cover where the buyer has a contract to onward sale to an “end-buyer”.
4. Small Export Builder endorsement: a version of the Multiple Contract policy which allows an exporter to increase their initial credit limit in steps up to a maximum of £100,000, subject to conditions including the development of a positive trading history with the buyer.

Non-binding Indication Request Form:

If you are an exporter and your buyer is in the private sector, you can get an instant quote online for a Single Contract policy for up to 22 months or a Multiple Contract policy for up to 12 months. If you need longer cover, have a government or public sector buyer, or cannot use the online tool for any reason, fill in the Non-binding Indication Request Form instead.

Proposal Form:

Exporters can apply for Single Contract (cover for up to two years) and Multiple Contract (cover for up to 12 months) policies in the online application portal on GOV.UK. Exporters who would like to use the Small Export Builder should also apply online in the same way and will be notified by UKEF if they meet the eligibility criteria. You cannot complete the online application if you are a broker.

If longer cover is required or you cannot use the online application tool for any reason, you can submit a Proposal Form to apply for export insurance for Single Contract and Multiple Contract policies.

If you are interested in the Pay if Paid cover, or in using export insurance in conjunction with other UKEF products, known as Supplementary Export Insurance, please speak with one of our Export Finance Managers or a member of our underwriting teams.

Please see our Guide for Exporters and Brokers for more information.