Credit insurance: Grow your exports, cut your risks Do you insure your property. Your employees. Credit insurance protects your bottom line if you don’t get paid. Export Development Canada (EDC) has a full suite of these insurance products, which will cover up to 90% of your insured losses if your buyer fails to pay. What is credit insurance.."

Credit insurance: Grow your exports, cut your risks Do you insure your property. Your employees. Credit insurance protects your bottom line if you don’t get paid. Export Development Canada (EDC) has a full suite of these insurance products, which will cover up to 90% of your insured losses if your buyer fails to pay. What is credit insurance.."

Credit insurance: Grow your exports, cut your risks Do you insure your property. Your employees. How about liabilities and data breaches. The answer is likely yes, yet many companies don’t insure what’s probably the biggest asset on their balance sheet–the money owed by their customers. Learn how credit insurance can protect your business and."

This is the final article in our three-part series on how to offer competitive payment terms without taking on risk. But in fact, as many co... Trade credit insurance does double duty Trade credit insurance (also known as export credit insurance) is a type of commercial insurance that protects your accounts receivable against losses when a."

Get an instant EDC Select Credit Insurance quote EDC Select Credit Insurance will protect your accounts receivables and profits. If you're selling internationally, you need EDC's Select Credit Insurance to protect your accounts receivable and profits. Select Credit Insurance offers short-term coverage designed for businesses that export."

SELECT CREDIT INSURANCE YOUR RESPONSIBILITIES Insurance Apply for and have an insurance policy in place prior to shipping goods or delivering services Records Always keep records of the transaction and any documents that could be used to support a claim (e.g., purchase orders, invoices and proof of shipment/delivery) 60 days Stop."

Protect your profits as you enter new markets and grow internationally Your accounts receivable can represent a large portion of your balanc... Portfolio Credit Insurance is a flexible solution that can: Insure an unlimited number of international customers Protect your invoices Cover pre-shipment costs (in some cases) Additional benefits."

Help me choose For occasional exporters Select Credit Insurance (SCI) Short-term coverage when you need it Ideal for new exporters Set up your policy online in minutes Cover one or a few international customers Insure transactions up to $500,000 For high-volume exporters Portfolio Credit Insurance (PCI) Ongoing coverage for active exporters."

(in millions of Canadian dollars) Dec. 31, 2018 Dec. 31, 2017 Insurance in force: Credit insurance 11,282 9,294 Financial institutions insurance 1,996 3,392 Contract insurance and bonding 10,016 8,297 Political risk insurance 886 915 Reinsurance ceded* (250) (250) Total insurance in force 23,930 21,648 Loan."

Getting started Credit insurance... It’s quick and easy, and you can do it all online. Watch our video tutorial series to learn how to view policy details, request policy changes, apply for new limits, make declarations, report overdue accounts and submit claims. For detailed instructions on how to use the credit insurance client portal, select a."

The cost vs. the benefits of insuring your sales Can you afford not to get paid. This guide will help you weigh your options. Are you wondering if credit insurance is worth the cost. Credit insurance is a great way to protect yourself, but you may wonder if the benefits outweigh the price. This decision-making guide helps you calculate the costs."

YOUR CLAIMS CHECKLIST CREDIT LIMIT A credit limit must be in effect on the date the goods were shipped or services rendered. Credit approval PROOF OF DEBT Evidence to prove that a debt exists with either: Dated purchase order from your customer; or signed proforma invoices. Contract signed by both parties. Written acknowledgement of the."

EDC’s Portfolio Credit Insurance helps protect companies from the risk of non-payment. If the trucking company has accounts receivable insurance with EDC, they could use their discretionary credit limit, along with a positive credit report from the transportation platform, to make a fast decision. Additional resources Rewards & risks of export."

Establishing credit limits Credit insurance help & support Having verified that your sale is covered, you must next assess the creditworthiness of your customer. To do this, you can either: Use your discretionary credit limit (if available in your coverage certificate) You may be able to establish your own credit limits if your policy contains a."

PORTFOLIO CREDIT INSURANCE: TIPS FOR FILING A CLAIM When your customer fails to pay an invoice, you can make a claim under your Portfolio Credit Insurance policy. ADDITIONAL DOCUMENTS Documentation proving a risk has occ... YOUR CLAIMS CHECKLIST CREDIT LIMIT A credit limit must be established by either: Credit approval OR Use of your."

These documents are : The general terms & conditions The general terms and conditions document is your main policy document. ... as a policyholder Your duties and obligations include: Paying required premium and fees Declaring your actual insured sales (if required by your policy) Notifying us of any event that may cause a loss Reporting overdues."

A credit policy is a set of terms that lays out how your company will issue credit to its clients and collect unpaid debts. It also specifies which team members in your company have the authority to grant credit or change the terms of credit. See The keys to a solid credit policy from Allianz Trade that overvie... Additional resources Credit."

Managing your policy Credit insurance help & support To ensure you get the most out of your policy, ensure you meet your policy responsibilities. These entail ensuring that each contract of sales is eligible for coverage, establishing your customer’s creditworthiness by establishing a credit limit, paying your premium and fees, declaring actual."

...t insurance business, I can attest that “promptly paid” means something different in everyHaving a credit insurance policy can be a valuable tool to integrate into your company’s risk mitigation strategy. EDC can provide a customized solution to fit your company’s need whether you’re looking to cover one or all of your receivables. Additional."