Everything is done over the phone, including buyer credit checks, with contracts faxed to the customer. The process is streamlined and efficient to put an insurance policy in place, says Douglas. We try to make it easy, painless and as cost-effective as possible. Since it began, the EET has insured shipments of peas, alfalfa and live animals as well as packaged meats. Douglas maintains using the accounts receivable insurance is practicing good risk management.
Many people think of insuring their car, house, possessions and personal assets.
Using this insurance provides good protection along with peace of mind, he says. Founded in 1944, the Export Development Corporation was established to support and develop Canada s export trade. The EDC provides financial services for Canadian businesses to expand abroad and reduce the risks of exporting.