Quick online coverage for a small number of foreign receivables
Trade Protect is our credit insurance option, available exclusively online, for Canadian companies who wish to insure a small number of customers outside of Canada against non-payment.
Not only does it protect you if you don’t get paid for these foreign receivables, it may help you get more funds from your financial institution, and attract more customers as you can offer more attractive payment terms.
Is it right for you?
Trade Protect is a good choice if:
- You want to insure a small number of customers (5 or less) outside of Canada. If you have more than 5, consider Accounts Receivable Insurance instead.
- You want fast and easy online service
- You want minimal policy paperwork
You are eligible if:
You have NOT yet shipped the goods or provided the services you want to insure
The goods and services you want to insure are shipped directly from Canada
You are looking to insure $350,000 or less per customer
The payment terms you are extending to your customer are 90 days or less
You do not sell adult entertainment goods or services, addictive substances, computer software, goods or services related to gaming or gambling, hazardous goods, live animals, embryos or semen, or military goods.
Low one-time cost
Trade Protect involves a one-time premium that is paid upfront by credit card and is calculated based on:
- Your customer’s credit risks
- Your coverage period for up to 180 days
As an illustration, a $20,000 credit limit on your U.S. customer for a 90-day coverage period could cost as little as $112.
||To receive a free quote or to purchase a policy, you will need to sign up to access our online |
If you are not eligible for Trade Protect, our other credit insurance option (Accounts Receivable Insurance) may be a better fit.
• Call 1-800-229-0575 weekdays 9am to 5pm EST
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