Export Insurance Policy

Find out about our Export Insurance Policy: its benefits, eligibility criteria and how to apply.

We can help exporters manage risks in challenging markets, ensuring that they get paid even where the private market is not able to offer insurance.

Our Export Insurance Policy offers cover against the risk of:

  • not being paid under an export contract
  • not being able to recover the costs of performing that contract because of certain events which prevent its performance or lead to its termination

How it works

Export Insurance Policy


Exporters taking out one of our export insurance policies receive:

  • up to 95% cover
  • cover against loss suffered due to specified risks

Our policy covers costs incurred if the export contract is terminated because the buyer defaults before the goods are delivered, or if the buyer fails to pay due to specified political, economic or administrative events.

Eligibility criteria

To be eligible to take out an export insurance policy, the transaction must satisfy UKEF’s eligibility criteria, which includes, among others, the requirements that:

  • the exporter must be carrying on business in the UK
  • the buyer must carry on business overseas
  • the exporter must demonstrate an inability to obtain credit insurance from the commercial market

All transactions supported by UKEF must satisfy:

The transaction may not be supported if there are sanctions imposed on the country of the overseas customer.

The EU State Aid temporary framework is supporting economies in the context of the coronavirus (COVID-19) outbreak.

In addition to our usual market criteria, we can now also support credit insurance business with a horizon of risk of less than 24 months in all EU member states, Australia, Canada, Iceland, Japan, New Zealand, Norway, Switzerland and the USA. This applies during the transition period.

Check our country cover positions for the latest information.


The premium payable for our cover is determined on a case by case basis.

How to apply

To find out more about our Export Insurance Policy or to discuss eligibility for our support, contact our customer services team. Email or call +44 (0)20 7271 8010.

We have also approved more than 40 brokers to deliver our Export Insurance Policy. These brokers can help arrange insurance from organisations in the private sector in addition to UK Export Finance.

Our application form and product documentation are also available if you’re ready to submit an application.

Product documentation and application form

Specimen policies to assess whether our export insurance policy is suitable for the contract.

Get a non-binding indication (without assessing buyer risk) as an optional precursor to making a full application.

Make an application.

More information

Read our guide for applicants on business processes and factors, to find out how we make decisions on applications.

Published 26 April 2013
Last updated 31 March 2020 + show all updates
  1. Updated to reflect support for credit insurance business with a horizon of risk of less than 24 months in the EU, Australia, Canada, Iceland, Japan, New Zealand, Norway, Switzerland and the USA.

  2. Change to Security of Information Arrangements

  3. First published.