Credit Insurance

Under a master contract with the Export Development Corporation, the Group insures member companies' accounts receivable for sales to approved US, offshore, and Canadian customers at very favourable premiums. This insurance effectively converts member companies' bad-debt risk exposure to a budgetable cost of a fraction of one percent of monthly sales. The insurance is assignable as security to qualifying lenders, allowing members to maximize their available working capital. Features of the program include 90-percent co-insurance, low deductible, and low-cost credit investigations.

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