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

EDC is dedicated to supporting Canadian businesses during the COVID-19 pandemic. We’re adjusting EDC Select Credit Insurance to meet the current needs of Canadian businesses.

Until the end of 2021, EDC Select Credit Insurance is now available to cover Canadian buyers.

Why you need EDC Select Credit Insurance

Every time you send a shipment or provide a service across our borders, you put your business at risk of not getting paid. With EDC Select Credit Insurance, if a customer doesn’t pay you, EDC will cover 90% of your insured losses.

Protect your profits. Here's what EDC Select Credit Insurance covers.

  • Your customer defaults on payment
  • Your customer declares bankruptcy
  • Hostilities in a particular market that prevent your customer from paying
  • Issues with currency conversion or transfer in your buyer’s country
  • Your customer terminates your contract before you ship
  • 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
  • You changed the payment terms set out in your contract
  • You also need coverage for domestic sales*

    *This requirement has been adjusted to help alleviate the challenges that businesses are facing as a result of the COVID-19 pandemic.  EDC Select Credit Insurance is now temporarily available to cover domestic sales.

If your needs are different, check out EDC Portfolio Credit Insurance.

  • You are looking to insure $500,000 or less per customer
  • You are extending payment terms to your customer that are 180 days or less
  • You have not yet shipped your goods or provided your service
  • All of the goods & services you are looking to insure are exported directly from Canada to your customers, or you are involved in the manufacture, design or R&D of the product being sold*

*This requirement has been adjusted to help alleviate the challenges that businesses are facing as a result of the COVID-19 pandemic.  EDC Select Credit Insurance is now temporarily available to cover domestic sales.

If your needs are different, check out EDC Portfolio Credit Insurance.

EDC is dedicated to supporting Canadian businesses during the COVID-19 pandemic. We’re adjusting the SCI to meet the current needs of Canadian businesses.

  • When assessing new buyer coverage requests for viable buyers, we are prepared to take on greater risk than we have in the past.
  • To expedite and ensure timely claim payments to our SCI policyholders, EDC will temporarily waive the waiting period of the policy for all claims received, until December 31, 2020.

    EDC has traditionally focused on supporting companies that export their products and services. Due to the pandemic, that has changed. Until the end of 2021, EDC Select Credit Insurance is now available to cover domestic sales.  If a business has existing EDC Portfolio Credit Insurance (PCI), coverage for domestic sales would be available through PCI and they would not be eligible for SCI.
Send a question Learn more

To speak to a Trade Advisor, weekdays between 9 am and 5 pm EST
Call 1-800-229-0575

Call 1-800-229-0575
Send a question Start application

*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, weekdays between 9 am and 5 pm EST
Call 1-800-229-0575

Call 1-800-229-0575

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.