Launched during their annual exporters’ lunch this week, the British Exporters Association (BExA) has released its new guide to export credit insurance.
The guide is the fifth in a series of guides for exporters produced by BExA, and provides a range of topics from covering ‘What is credit insurance’ and “How to make a claim ‘.
Speaking at the launch, BExA’s chairman, Richard Hill from BAe, comments: “Our new guide aims to help exporters expand their overseas sales with confidence by making full use of credit insurance – to the benefit of themselves and UK plc. Each of our guides is written by seasoned exporters together with input from trade finance and credit insurance professionals.”
The guide is being sponsored by Euler Hermes UK, and James Daly, commercial director of Euler Hermes, says: “This new guide describes the various means by which exporters can protect and finance their contracts and includes valuable tips on policy management. We are delighted to have been involved and hope that it will serve as a tangible resource to those exporters making important credit insurance decisions.”
Exports are becoming increasingly important to the UK economy, and according to research commissioned by UK Trade and Investment shows that UK firms that that export have increased productivity and are less likely to become insolvent than domestic UK traders.