EDC Select Credit Insurance
No fixed amount
Insurance
Description:
Safeguard your business against the risk of unpaid invoices and take on new contracts with confidence.
If you’re selling internationally, you need EDC’s Select Credit Insurance to protect your accounts receivable and profits. If a customer doesn’t pay you, we’ll cover up to 90% of your insured losses.
Comments on Funding:
Short-term coverage
Insure sales up to $500,000
Offer competitive terms
Continuous Intake
Eligibility:
Applicants must be Canadian companies of all sizes if:
1. The goods and services you’re insuring will be sent directly to an international customer, OR, you’re part of the supply chain for a product or service that another Canadian company sells internationally.
2. You’re insuring $500,000 or less per customer
3. Your customer must pay you within 180 days
4. Your customer meets EDC’s risk-rating criteria
5. You haven’t already shipped your goods, or provided your service
6. You don’t require pre-shipment or domestic coverage
Application Steps:
Applicants must contact EDC
Documentation Needed:
No specific documentation has been identified
Other Things to Note:
About the author
Maurice
