Government Insurance Against Business Risks
Program snapshot
Category:
Business advantages
Federal:
7
Provincial:
8
Amount:
$20,000 - 10 million
For low or even no premiums, you can have the government insure your business against various risks, providing valuable assurances to financial institutions and making it easier for you to borrow.

For example, Export Development Canada (EDC) will insure your accounts receivable, covering your full book of business for up to 90 percent of your losses against such risks as customers refusing to pay. Your insurance might also cover refusal to accept the goods, bankruptcy or insolvency, cancellation of import or export permits, currency transfer, contract cancellation, and wars or insurrections.

Mark Alan
Mark Alan's Success Story

Mark Alan, who exports erosion control blankets to the U.S. swears by the program. "It gives me the comfort that I'll get at least 90 percent... View Details