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.
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.
Other risks covered may include:
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.