EDC has adjusted its focus and solutions to reflect the challenges facing Canadian exporters during the COVID-19 pandemic. To learn more, click here
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Why you need Portfolio Credit Insurance

Your accounts receivable can represent close to half your balance sheet. Protect your profits with Portfolio Credit Insurance, and get covered for 90% of your insured losses if a customer doesn’t pay. 

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Protect your profits. Here’s what EDC Portfolio Credit Insurance covers.

  • Your customer declares bankruptcy
  • Your customer defaults on their payment
  • Your international customer refuses to accept the goods
  • Your customer terminates your contract before you ship
  • Hostilities in a particular market prevent your international customer from paying
  • Cancellation of export/import permits
  • Issues with currency conversion or transfer
  • When purchasing Portfolio Credit Insurance, you also have the option of covering your domestic sales through our partnership with another insurer
  • When assessing new buyer coverage requests for viable buyers, we are prepared to take on greater risk than we have in the past. *
  • We are increasing our flexibility to maintain coverage where possible in situations where a buyer’s credit deteriorates as a result of the COVID-19 pandemic. *

*This requirement has been adjusted to support businesses facing challenges as a result of the COVID-19 pandemic.

  • The loss relates to goods shipped when your customer was already in default of its payment obligation
  • Your customer is disputing the amount they owe you (we can only pay once the dispute is settled and the amount owing by the customer is clearly established)
  • A complete list of exclusions to coverage will be set out in the Policy

If you’re looking for fast and simple coverage of up to $1 million per customer, check out EDC Select Credit Insurance.

Questions about our financial solutions?

Please contact us weekdays between 9 a.m. and 5 p.m. ET.

1-800-229-0575

Or send us a question and we’ll get back to you as soon as possible. Send a question.