May 9, 2002
Insurance for foreign business

Accounts receivable insurance is available to businesses to insure against uncollectible accounts.

     Available from the Export Development Corporation, EDC insurance covers 90 per cent of a company's loss if their foreign buyers do not pay their bills. Depending on the situation, an insurance policy can be set up in one business day or sooner.

     For information on this type of business insurance, contact Export Development Corporation at 1-800-367-0822 or visit their web site at