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Credit insurance: Grow your exports, cut your risks | EDCCredit 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.."
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About exporting | How to export | EDCF... Purchase foreign exchange contracts without the need for collateral. EDC Credit Insurance EDC Credit Insurance is a type of commercial export insurance that protects your accounts receivable against losses when a customer cannot pay. Sustaining growth Understand how you can build on your exporting success to grow your business through direct."
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Credit insurance: Grow your exports, cut your risks | EDCCredit 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."
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Offering flexible payment terms? Credit insurance can help | EDCThis 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."
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What EDC products are available to help support my business in the cleantech sector?They include: EDC Credit Insurance: As a young company, every penny counts. Our insurance can help you protect your receivables when exporting and protect you from losing out on revenue if you don’t get paid for orders. This way, you can secure your orders and concentrate on growing your business with confidence. Export Guarantee Program: Through."
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Select Credit Insurance | EDCGet 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."
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sci-whatyouneedtoknow.pdfSELECT 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."
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Portfolio Credit Insurance | EDCProtect 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."
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Trade credit insurance | EDCHelp 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."
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Does Export Development Canada (EDC) offer financial products to help Canadian companies in the trucking industry?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."
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Establishing credit limits | EDCEstablishing 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."
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claims_checklist.pdfPORTFOLIO 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."
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How can I build a corporate credit policy?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."
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Discretionary Credit Limit | EDCUsing your Credit Insurance Policy Credit insurance help and support Discretionary Credit Limit For coverage to apply to a buyer, you must establish a credit limit for the buyer. A credit limit can be established by obtaining a credit approval from us. You may be able to establish your own credit limits if your policy contains a discretionary."
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What can I do if my client overseas doesn’t pay me on time? Is there any advice you can provide?...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."
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Select credit insurance: tips for filing a claimEDC Select Credit Insurance: tips for filing a claim When your customer fails to pay an invoice, you can make a claim under your Select Credit Insurance policy. • Review the Exclusion Provision in your policy to understand if any are applicable. 2EDC | Select Credit Insurance | November 2025 Your claims checklist Credit limit A credit."
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Using the credit insurance platform | EDCUsing the classic credit insurance platform Credit insurance help & support The classic credit insurance platform lets you manage all aspects of your Portfolio Credit Insurance (PCI) policy. For a faster, more streamlined experience, sign in to your MyEDC account and use the enhanced PCI platform. It’s designed for self-serve policy management, so."
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Getting started with credit insurance | EDCGetting started Credit insurance help & support The classic credit insurance platform lets you manage all aspects of your Portfolio Credit Insurance (PCI) policy. Help topics on this page explain how to complete key tasks using this platform. For a simpler experience, sign in to your MyEDC account and use the enhanced PCI platform. It's easy to."
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Montreal’s Manmade grows in Canada and the U.S. | EDCAuthor Details Jennifer Sommerfeld Senior knowledge product manager In this article: Where to listen to this episode How a Montreal-based apparel brand scaled their offering What’s Manmade’s expansion strategy. "EDC actually guaranteed t... They have a product that insures it, so banks can take less risk," he adds. Are you a Canadian startup."
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EDC Select Credit Insurance | FAQsEDC Select Credit Insurance Support Here’s some information to help you make the most of your EDC Select Credit Insurance policy On this page: Guides and articles Top 10 frequently asked questions Information about coverage About policy administration About EDC approvals Claims and late payments Downloadable guides What you need to know about EDC."
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