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Trade and services regulations in Luxembourg
If you are a UK business providing services in Luxembourg, you will need to follow Luxembourg regulations about:
If you were living in Iceland before 1 January 2021
Information for British citizens moving to or living in Iceland, including guidance on residency, healthcare and driving.
UK sanctions guidance for Uzbek businesses
Information about UK sanctions and relevant local laws to support compliance of non-UK businesses operating in Uzbekistan.
Protecting Business Reputation When Entering Foreign Markets
Expanding into new international markets presents promising growth opportunities. However, such moves come with challenges, especially when it comes to maintaining and protecting a business’s brand reputation.
Greece Without Restrictions?
Many businesses find the lack of cover for some of their buyers frustrating. For those who use Trade Finance, it can also have a disastrous effect on their cash flow.
Many underwriters will claim that a limit is not available due to the risk being too high due to size or location, but what about the risk to your company if you can’t get the funding to operate? Or the risk to your business if you are forced to stop trading with your biggest client, or trade uninsured? For a business to be successful, some risks have to be taken. UK Credit Insurance can help you find the solution to your restricted limits, and you might be surprised at just how many options have emerged recently.
Many businesses want to expand their customer base, but what if that customer is in Greece, Nigeria or another country stranded in a somewhat turbulent economic environment? UK Credit are pleased to introduce UK Export Finance who provide policies specifically for this market, with the support of the UK Government. A policy from UK Export Finance will only cover buyers in markets that the main credit insurers won’t. This can be any type of policy, such as whole turnover or specific account, as long as there is a UK margin of at least 20%, with no minimum premium. Even if you have a whole turnover policy with another underwriter, a UK Export Finance policy can be used to top-up the cover on the proportion of export that your existing policy won’t cover. This cover is also designed to meet funders requirements, and you broker will be pleased to facilitate the introduction of this new source of cover to your funder.
If however, you are looking for top-up for limits in the UK or other OECD (Organisation for Economic Co-operation) markets, there are more options now available, whatever the size of the limit.
HCC and Euler (with Coface’s new product to be announced later this year) offer enhanced cover for limits that have been restricted, or in some cases, nil limits. These are only options if you hold a whole turnover policy already with one of them, as cover is only offered by the holding underwriter to existing policy holders.
Equinox and QBE however, offer top-up policies with no restrictions on the underlying primary credit insurer, with the potential to cover up to 100% of the underlying primary limit. These solutions suit businesses in Continental Europe and OECD markets who have had larger limits restricted by their existing insurers.
So if you’re frustrated with restricted limits affecting your funding or trading, contact UK Credit to find the most suitable and cost effective solution to your credit insurance needs.