Accounts Receivable Insurance

Accounts Receivable Insurance (ARI) covers your full book of business for up to 90% of your losses against such commercial risks as your customer refusing to pay. Coverage can be flexible to accommodate your unique needs.

Eligibility Criteria

Any Canadian business that exports goods or services can apply. ARI policies are easy to administer and support is available by phone or online through EDC Direct.

Summary

Other risks covered may include:

• refusal to accept the goods;
• bankruptcy or insolvency;
• cancellation of import or export permits;
• currency transfer;
• war, revolution, or insurrection; and
• contract cancellation. 

Cost:

Premium rates vary based on a variety of factors including products or services sold, shipping location, and terms of payment. An initial set-up fee applies and premiums are payable monthly based on sales volumes during that month. An ARI Policy has an initial set up fee. No premiums are payable on outstanding receivables that carry over from one month to the next.

Claims:

If you do have a collection problem, EDC has a simple and effective claims and recoveries process.

For further information, vist EDC's Web site.

New Brunswick Contact(s):
See National Contact.

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National Contact(s):
Export Development Canada
151 O'Connor Street
Ottawa, Ontario  K1A 1K3
Telephone: 613-598-2500
Fax: 613-237-2690
Toll-free (information): 1-866-283-2957
TTY (hearing impaired): 1-866-574-0451
Web site: http://edc.ca/english/8522_contact_us.htm