Single Buyer Insurance
Single Buyer Insurance covers unlimited export sales to the same customer for a six month coverage period on shipments or services worth up to USD$250,000. The policy insures up to 90 per cent of your losses if a customer does not pay after accepting the goods for reasons that may include:- bankruptcy or insolvency;
- currency conversion and transfer; and
- war, revolution, or insurrection.
Qualification
In order to qualify you must be a Canadian company and your goods must be shipped from Canada. If you are providing a service, you must be based in Canada.
Cost
A one-time premium, payable up-front, is calculated based on the amount of coverage you need and on buyer risk. A minimum premium fee of $75 will apply.
Claims
As a customer, if you encounter a collection problem, you can use our online debt management system within EDC Direct to report a debt, submit a claim, or engage a collection agency.
Apply
Application form (PDF Format)
More information
Call 1-866-283-2957 weekdays between 8 a.m. to 6 p.m. EST or submit an inquiry online.
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.
