EDC Select Credit Insurance
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.
Select Credit Insurance offers short-term coverage designed for businesses that export occasionally, such as new exporters, companies with a small number of international clients, and seasonal exporters.
Offered by Export Development Canada
Amount
Covers up to 90% of your insured losses (up to 90% of the value of your insured invoice), on insured sales up to $500,000
Quick eligibility check
Who can apply
Canadian companies of all sizes are eligible for Select Credit Insurance if:
- 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.
- You’re insuring $500,000 or less per customer
- Your customer must pay you within 180 days
- Your customer meets EDC’s risk-rating criteria
- You haven’t already shipped your goods, or provided your service
- You don’t require pre-shipment or domestic coverage
About the funding
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.
- Short-term coverage
- Insure sales up to $500,000
What’s covered under my Select Credit Insurance policy?
Show all funding details
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
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| EDC Performance Security Insurance | Insurance | 100% unconditional, irrevocable, AAA-rated guarantee to your financial institution on letters of guarantee and standby letters of credit | Open |
| EDC Portfolio Credit Insurance | Insurance | Policy pays up to 90% of the value of your insured invoice | Open |
| EDC Surety bonds | Insurance | No fixed amount | Open |
| AAFC AgriInsurance | Insurance | No fixed amount | Open |
