Credit insurance is designed to protect your accounts receivable, generally one of the largest assets on a company’s balance sheet, against losses due to a customer’s financial inability to pay.
You should consider trade credit insurance if:
- you’ve ever worried about a U.S. or international customer’s ability to pay, (i.e. due to bankruptcy, political unrest in customer’s country, blocked funds or transfer difficulty, etc.)
- you want to improve your competiveness by offering payment terms to your customers instead of asking them to pay upfront,
- you would like to use your accounts receivable as collateral for financing from your financial institution.
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Use our diagnostic tool below to find out which of our export credit insurance options is best for you.
Your Credit Insurance Options
We offer two types of credit insurance:
Trade Protect is great if:
- You have a small number of customers outside of Canada that you would like to insure against non-payment.
- You want fast and easy online service.
- You want minimal policy paperwork.
Accounts Receivable Insurance is best if:
- You want to insure all of your receivables for all of your U.S. or international buyers
- You need flexibility in your policy.
- The nature of your product or service falls outside the qualification criteria for Trade Protect.
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.
To insure or not to insure?
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