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Government Insurance Against Business Risks

Snapshot

Category:Business advantagesNational:7
Regional:8Amounts:$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 the risks that are involved. Your insurance might also cover refusal to accept goods, bankruptcy or insolvency, cancellation of import or export permits, currency transfer, contract cancellation, and wars or insurrections.


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