Export risks often include so-called political risk. Political risk is not insured in domestic policies. In the past this distinction was of importance, because political (export) risk cover was normally only obtainable through government programs, either offered by an Export Credit Agency (ECA) or through a private company with a reinsurance arrangement with their national authorities. The result was that the customer needed two separate and different policies: one for his domestic trade and one for his exports. This resulted in extra administration and the need to be aware of the different conditions and requirements in each policy. For many years cover has been available from the private market for both commercial as well as political risks. This means that customers can now insure their domestic and export credit risks in one single policy. Particularly in the case of multinational traders this is of value as the distinction between export and domestic risks is often irrelevant for these enterprises.