Select Credit Insurance

• Simply put, credit insurance is a cost-effective way to protect your bottom line while enhancing your competitiveness in global markets.
• Every time you send a shipment or provide a service, there’s a chance you won’t get paid.
• With Select Credit Insurance, if your customer doesn’t pay you, we will.

The benefits go beyond protecting your business’s accounts receivables. 

• You can win more contracts by offering your customers attractive payment timelines (up to 180 days) without taking on more risk yourself. When you’re confident you’ll get paid, you can focus on growing your business and feel secure in testing out new business relationships.

Contact EDC to discuss your specific situation. Or, consider Portfolio Credit Insurance, which can insure credit limits over $500,000.

Select Credit Insurance only covers export sales, so it can’t be used for your Canadian customers.

Consider Portfolio Credit Insurance if you’d like to insure both export and domestic sales.

Pre-shipment risks such as cancelled orders aren’t covered under Select Credit Insurance.

Portfolio Credit Insurance can protect you against pre-shipment risks, including work in progress.

Select Credit Insurance covers payment terms of 90 or 180 days.

If you need more flexibility, consider Portfolio Credit Insurance, which offers options for longer payment terms.

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

• Your customer doesn't pay you 
• Your customer declares bankruptcy
• Certain political risks 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 you need coverage for any of these risks, Portfolio Credit Insurance might be right for you.