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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 refuses to accept your goods
  • 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 $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

    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 1-888-220-0047

Call 1-888-220-0047
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 1-888-220-0047

Call 1-888-220-0047

Still have questions on credit insurance?

Speak to a Trade Advisor weekdays between 9 am to 5 pm EST.

1-888-220-0047

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

Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy Senior Trade Advisor, EDC