Contract Frustration Insurance

The Contract Frustration Insurance program is a credit insurance solution for exporters getting their feet wet in foreign markets with a new international customer and a single contract.

Export Development Canada

Overview of the Contract Frustration Insurance program:

Why You Need Portfolio Credit Insurance In the realm of business finance, accounts receivable often constitute a significant portion of your balance sheet. While they are vital for cash flow, they also carry inherent risks. What if a valued customer fails to pay? Portfolio Credit Insurance is your solution. It proactively safeguards your profits by covering up to 90% of insured losses in case of customer default. In today's dynamic business landscape, this safety net ensures financial stability, empowering you to focus on growth and innovation. It also enables you to confidently extend credit to new customers, knowing your exposure to non-payment is reduced. In short, Portfolio Credit Insurance is a critical asset, fortifying your financial resilience and positioning your company for success.

Benefits of the Contract Frustration Insurance program:

Increased cash flow
When you insure your contracts, your bank is more willing to lend against your receivables for up to 90% of their value.
Credit management
Were experts in doing business outside of Canada. We can provide you with the market intelligence and relationships you need to succeed internationally.
Easy-to-use portal
Access and manage your policy any time from our online platform. You can pay premiums, report an overdue payment, submit claims, and speak to our caring support staff.
Flexible policies
Choose to cover all sales to all your customers or just a portion.
Credit Insurance Covers:
Your customer declares bankruptcy
Your customer defaults on their payment
Your international customer refuses to accept the goods
Your customer terminates your contract before you ship
Hostilities in a particular market prevent your international customer from paying
Cancellation of export/import permits
Issues with currency conversion or transfer
When purchasing Portfolio Credit Insurance, you also have the option of covering your domestic sales through our partnership with another insurer