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

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
  • When assessing new buyer coverage requests for viable buyers, we are prepared to take on greater risk than we have in the past.*
  • For a limited time, we will cover Losses for Goods Shipped even if the buyer has not accepted the Goods, subject to the other terms of the Policy such as a dispute with your Customer.*

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

  • 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

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

  • You are looking to insure $1 million* 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 support businesses facing challenges as a result of the COVID-19 pandemic.

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

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.