Export Fearlessly with Export Credit Insurance

Are you exporting, but worry about getting paid by your international buyers? Export Credit Insurance reduces some of the risks traditionally associated with exporting, empowering sellers to compete in the global marketplace.

Learn More

Want to discuss how trade insurance can help your business? Complete the form below and a representative from EXIM-registered broker Penn International Insurance will contact you.

Safeguard Against Risk

The challenge for exporters, particularly small businesses, is clear. Selling to international buyers on open account credit terms can be risky. If the buyers don’t pay, there is very little recourse for a U.S.-based company and the financial hit can be significant.

Your Coverage

With an Export Credit Insurance policy, your receivables are covered up to 95% of the invoice amount for a cost of less than a penny per dollar invoiced.

Your policy can help you collect payment from a single buyer for a single transaction or from multiple international buyers, or it can cover your entire export portfolio.

Export Credit Insurance covers a variety commercial and political risks, including:

  • Insolvency or bankruptcy
  • Protracted default (slow paying customers)
  • War, revolution, insurrection
  • Currency transfer risk
  • Cancellation of an import or export license

Grow Your Business Confidently

Export Credit Insurance can help your company do even more than insuring against international buyer nonpayment, including:

Increase Your Ability to Compete in International Markets

With your bottom line secure, you can now offer attractive credit terms, gaining new international buyers and increasing sales to existing buyers.

Expand Your Borrowing Base to Improve Liquidity

Lenders will often accept foreign receivables as collateral when they are insured, helping you to increase your bank line of credit and improve cash flow.

Federal Government Support

Our Export Credit Insurance policies are backed by EXIM (the Export-Import Bank of the United States), a federal agency of the U.S. government. When using EXIM’s Export Credit Insurance:

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No exporter is too small

Almost 90% of EXIM customers are small businesses!

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No transaction is too small

EXIM has supported sales of only a few hundred dollars

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Coverage is maximized

EXIM provides support in over 180 countries around the world

Why Work with a Broker?

Penn International Insurance is an EXIM-registered insurance broker that distributes Export Credit Insurance issued by EXIM. Customers receive industry and product expertise that ensures they will obtain the most appropriate coverage at the most affordable price.

Penn International Insurance can also provide a variety of follow-up services to customers after they receive their policy, including:

  • Reviewing policies to ensure they continue to provide adequate coverage
  • Assistance with meeting policy reporting requirements
  • Assistance with claim filings and monitoring
  • Working with customers and their bankers to help arrange for financing of insured accounts receivable

Penn International Insurance is located in San Antonio, TX and serves businesses located in Arizona, California, Colorado, Maryland, Mississippi, Missouri, Nebraska, Oklahoma, Texas, and Wisconsin, although the firm can service exporters nationwide.

Coverage Map

Need More Information?

To learn more about Export Credit Insurance and how small businesses like yours can benefit, download our free resources: