Introduction to Insurance
For any business, international trade and investment represent tremendous growth opportunities. They also involve considerable risk.EDC supports Canadian companies seeking to tap new markets with a range of credit and contract insurance solutions that allow you to access the working capital you require while protecting your assets.
Credit insurance for export transactions
- Flexible coverage of losses up to 90 percent: EDC’s Accounts Receivable Insurance (ARI) covers up to 90 percent for non-payment on export transactions.
- An online solution for individual transactions: EDC’s EXPORT Protect offers insurance coverage on individual transactions of up to USD 250 000.
Contract insurance for capital goods, service contracts and projects
- Protection against wrongful bond draws: EDC’s Performance Security Insurance (PSI) protects your company against losses in the event a foreign customer makes a wrongful call on a bond.
- Coverage against losses: EDC’s Contract Frustration Insurance (CFI) covers up to 90 percent of losses (costs incurred or receivables) related to export contracts.
- Peace of mind in developing countries: EDC’s Political Risk Insurance (PRI) protects your company from the effects of political and economic upheaval in developing markets.
