Trade Protect


 

 What is it?

 

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
service.

If you are not eligible for Trade Protect, our other credit insurance option (Accounts Receivable Insurance) may be a better fit.

Learn more

• Call 1-800-229-0575 weekdays 9am to 5pm EST

Submit a question

 

 Benefits & Features

 

Trade Protect Can Set You Up For Success

Protect against the risk of not getting paid
If your goods are shipped and accepted by your customer and your customer fails to pay you, Trade Protect will cover you and your business for up to 90% of your losses.
Free up cash flow
When your financial institution knows that you’ll get paid for a U.S. or foreign contract - even if your customer defaults - it may have more confidence to provide you with increased funds or forego the usual requirements for collateral.​
​Grow your business with confidence
When backed by Trade Protect, you may be more willing to take on a new customer or offer more liberal payment terms and win the deal.
Easy online access
Apply, get your quote, and pay for Trade Protect through our exclusively online service, anytime, around the clock.
Fast turn-around time
You can obtain coverage in as little as 10 minutes. Depending on the circumstances of your request, one of our underwriters may need to be consulted. In this case, we’ll let you know when you can expect an answer.​
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.

Easy claims process
You can submit a claim quickly and easily through our website.
​To receive a free quote or to purchase a policy, you will need to sign up to access our online
service.

Learn more

• Call 1-800-229-0575 weekdays 9am to 5pm EST

Submit a question

 

 Resources

 

Consider Your Credit Insurance Options

Need more information to decide if Trade Protect is for you?

To Insure or Not to Insure

To Insure or Not to Insure

Wondering if credit insurance is worth the cost?
Read our free whitepaper
Comparison chart

Risks Covered

Take a look at the risks covered by Trade Protect.
Review risks covered
FAQs

Frequently Asked Questions

View a list of questions asked by others purchasing Trade Protect
Read the FAQs

​To receive a free quote or to purchase a policy, you will need to sign up to access our online
service.

Learn more

• Call 1-800-229-0575 weekdays 9am to 5pm EST

Submit a question

 

 Sign up

 

Get Started with Trade Protect

To receive a free quote or to purchase a policy, you will need to sign up to access our online service.

  • If this is your first time accessing our online service, sign up and create an account.
  • If you already have an account, simply login.

Learn more

• Call 1-800-229-0575 weekdays 9am to 5pm EST

Submit a question

 

Important Information
The above information describes, in general, EDC services and is not a commitment to provide them. Only the documentation supplied by EDC, in connection with any transaction, provides the full detail and terms and conditions.