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

 

 

Whether selling in Canada or internationally, you need EDC Select Credit Insurance to protect your accounts receivables and profits.

You work hard every day to grow your business. But every time you send a shipment or provide a service, there’s a chance you won’t get paid. Mitigate risk of nonpayment with EDC Select Credit Insurance; if a customer doesn’t pay you, we’ll cover up to 90% of your insured losses.

 

 

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To speak to a trade advisor on weekdays between 8:30 and 6 p.m. ET. Call 1-800-229-0575 or send a question.

*This quote is for information purposes only and is not an offer of insurance. It does not form part of any insurance contract that may be issued. To speak to a trade advisor on weekdays between 8:30 and 6 p.m. ET. Call 1-800-229-0575 or send a question.

How it works

Until the end of 2021, EDC Select Credit Insurance is available to all Canadian businesses, whether your customer is in Canada or abroad.

You qualify if:

  • All of the goods and services you want to insure are sent directly to your customers, whether they are in Canada or abroad, OR you are involved in the manufacture, design or the research and development of the product being sold (you do not have to do both).
  • You want to insure $500,000 or less per customer
  • Your customer has 180 days or less to pay you
  • You have not yet shipped your goods or provided your service
If these qualifications don't meet your needs, EDC Portfolio Credit Insurance might be right for you. Click here to find out or let us know you’d like to speak with one of our trade advisors to find the best solution for your needs.
  • Your Canadian or international customer doesn’t pay you
  • Your Canadian or international customer declares bankruptcy

If you export:

  • Political issues in your buyer’s country prevent them from paying you
  • There are problems with currency conversion or transferring money out of your buyer’s country
  • Your customer legally ends your contract before you ship
  • You shipped the goods even though your customer had already failed to pay on time
  • Your customer is disputing how much they owe you
  • You changed the contract’s payment terms

If these “not covered” points are something you’d like insurance for, EDC Portfolio Credit Insurance might be right for you. Click here to find out.

  • We have adjusted this solution to meet the pandemic-related needs of Canadian businesses.
  • We are prepared to take on greater risk, offering you more support for more sales.
  • EDC Select Credit Insurance is available to cover sales to Canadian buyers (not just international buyers) until the end of 2021. 
  • If you have EDC Portfolio Credit Insurance already and you have questions or want to make changes to your policy, please call our Customer Care Team weekdays between 8 a.m. and 8 p.m. ET at 1-866-716-7201.



The benefits don’t end with protecting your business’s accounts receivables

If EDC Select Credit Insurance doesn’t cover all of you needs, our alternate solution, Portfolio Credit Insurance, might.

How often do you export your products and services?


 

We can help.

Questions about our insurance solutions?

Find out more about how our solutions can help your business stay healthy and move forward, in spite of our uncertain economy, by sending us a question. Or call us at 1-800-229-0575 on weekdays between 8 a.m. and 8 p.m. ET.