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Portfolio Credit Insurance

Ongoing coverage for active exporters.

Protect your profits as you enter new markets and grow internationally

Your accounts receivable can represent a large portion of your balance sheet. Manage the risk of non-payment with Portfolio Credit Insurance. If your customer doesn’t pay you, we will.

  1. Long-term coverage

  2. Flexible policies

  3. Increase borrowing capacity

Learn more

How to get started

Tips to help your online insurance application go smoothly.

  1. Step 1 1

    Register your company

    Have the following information ready:
     

    • Your company’s legal name
    • Annual revenue and fiscal year-end
    • Industry/sector
  2. Step 2 2

    Apply online

    Once your company’s registered with EDC, you can start your online insurance application. It takes about 45 minutes to complete. Learn more about the information you’ll need for your application.

    Get started
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Is Portfolio Credit Insurance right for your business?

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

Increased cash flow: When you insure your contracts, your bank is more willing to lend against the value of those international receivables (up to 90% of their value).

Flexibility: You can cover sales to all your customers, or just certain markets.

Export knowledge: We’re experts in doing business outside Canada. We can provide you with the market intelligence and relationships you need to succeed internationally.

Online portal: Access and manage your policy any time from our online platform. You can pay premiums, report an overdue payment and submit claims. Our Customer Care team is available to support you by phone or email.

Cover domestic sales: Portfolio Credit Insurance gives you the option to insure your domestic sales through our partnership with another insurer. 

  • tip

    To insure just a few of your customers, consider Select Credit Insurance.

Ready to apply for Portfolio Credit Insurance?

Get started

Frequently asked questions about Portfolio Credit Insurance

Simply put, credit insurance is a cost-effective way to protect your bottom line while increasing your competitiveness in global markets. With Portfolio Credit Insurance, if your customer doesn’t pay you, we will. 

EDC’s Portfolio Credit Insurance can cover your entire book of receivables. But the benefits go beyond protecting your sales.
 

Improve cash flow: Borrow against your insured receivables to access more working capital.
 

Explore new markets: Leverage EDC’s international expertise and connections to thrive globally.
 

Win more contracts: Offer your customers attractive payment timelines without taking on more risk yourself.
 

If you’re looking for fast and simple coverage of up to $500,000 per customer, check out EDC Select Credit Insurance.

You can access and manage your policy online through our convenient portal. Pay premiums, report an overdue payment, submit claims and contact our support staff with questions.

Learn more about the Portfolio Credit Insurance online portal.

No. Portfolio Credit Insurance is designed to be flexible, so you can choose the coverage you need. You can cover all sales to your customers, or just a portion of them.

Your policy will pay up to 90% of the value of your insured invoice if:

  • 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 (in some cases)
  • Hostilities in a particular market prevent your international customer from paying
  • Cancellation of export/import permits
  • Issues with currency conversion or transfer

You won’t be covered if:

  • The loss relates to goods shipped when your customer was already in default of their 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.

Yes. When purchasing Portfolio Credit Insurance, you have the option of covering your domestic sales through our partnership with another insurer.

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Not sure if Portfolio Credit Insurance is right for your business?

We’re here to help.

Call us at 1-800-229-0575

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

Contact EDC

We are currently experiencing a very high volume of inquiries which may mean longer-than-normal wait times. New credit insurance applications are currently being processed within 20-25 calendar days. Thank you for your patience as we work as quickly as possible to return to our usual, faster response time.

Request a free quote

Increased cash flow

When you insure your contracts, your bank is more willing to lend against your receivables for up to 90% of their value.

Credit management

We’re experts in doing business outside of Canada. We can provide you with the market intelligence and relationships you need to succeed internationally.

Easy-to-use portal

Access and manage your policy any time from our online platform. You can pay premiums, report an overdue payment, submit claims, and speak to our caring support staff.

Flexible policies

Choose to cover all sales to all your customers or just a portion.

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.

Date modified: 2024-11-07

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