Is the fear of not being paid the only thing holding you back from exporting? This is a common concern and a potential barrier to growth for businesses in the UK, but this is where we can help remove those obstacles and put your fears to rest.
Confidently being able to extend open credit terms to business in different countries can give you a major competitive advantage. However, exporters are faced with a much wider range of risks compared to trading in the UK alone, particularly as credit worthy customers can default due to circumstances outside of their control. These include change in import or export regulations, bank failure, currency in-convertibility and trade sanctions. These are all risks Acumen can arrange cover for with a well structured export credit insurance policy. Designed around your business requirements, a policy can cover not only these Political Risks but also Commercial Risks such as the default or insolvency of an export buyer. Read our Export Credit Insurance FAQs here.
We hold vast experience in arranging domestic and export credit insurance policies and our national presence is extended to an international reach via Credea. Credea is an international association of credit insurance professionals, of which Acumen is a founding member, with the current network of members reaching across 6 continents and 39 countries. This global connection offers crucial local service, trading knowledge and support to Acumen’s international clients with multinational policies, regardless of where they operate. Read more about Acumen’s global reach here.
Our client base includes a wide range of businesses of all sizes, from family firms and SMEs to large multinationals. One thing they all have in common is that every one receives our unparalleled levels of service, which Chris Ritchie from the Bayford Group appreciates. Mr Ritchie said “Having worked closely with Paul Martin and the team for over 20 years, Acumen is a business I would have no hesitation in recommending for all things credit insurance related. Highly professional as you would expect, what really sets them apart is the extra mile they are prepared to go to ensure we are provided with the correct levels of cover at the best possible rates. Ours is a business which has seen significant growth over recent years, including several large acquisitions and it’s a testament to Paul that his is an opinion we always seek in order to ensure the most seamless transitions possible.”
So if a fear of not getting paid or a lack of information on potential customers has held you back from exporting, or if you would just like more information on how a credit insurance policy can benefit your business please request a quote or contact us.