Deltic Credit Inc. – Trade Credit Insurance

What We Do

Trade Credit Insurance Explained

Trade Credit Insurance (TCI) protects your business against the risk of non-payment by your customers. Whether due to insolvency, prolonged default, or political risk, TCI ensures your cash flow and balance sheet remain secure — so you can extend credit with confidence.

"Accounts receivable often represent 40% of a company's total assets. Trade Credit Insurance is one of the most powerful — and underutilized — tools in the Canadian business risk management toolkit."

Covers domestic and export receivables
Strengthens access to bank financing
Provides buyer credit intelligence and monitoring
Available to SMEs, mid-market, and large enterprises

Whole Turnover Policies

Covers your entire customer portfolio, providing broad protection and best pricing for businesses with diversified customer bases.

Single Buyer / Key Account

Ideal when revenue is concentrated in a few key clients. Insure specific buyer relationships without committing to a full portfolio policy.

Export Credit Insurance

Protect Canadian businesses selling to international buyers. Mitigate country risk, currency exposure, and cross-border insolvency.

Excess of Loss (XOL)

Top-layer protection — you retain normal credit losses and the policy activates only for catastrophic or unexpected customer failures.

Our Process

From First Call to Full Coverage

We guide you through every step — efficiently and transparently.

Discovery Call

We learn about your business, customers, and credit risk exposure to understand your needs.

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Risk Assessment

We analyze your receivables, buyer mix, and risk tolerance to determine the right policy structure.

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Market Placement

We approach our network of top-rated insurers on your behalf, securing competitive terms and pricing.

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Ongoing Support

We educate you on your policy, support claims, and conduct annual reviews to ensure coverage keeps pace with your growth.

What exactly does Trade Credit Insurance cover?

Trade Credit Insurance covers losses from non-payment of commercial trade debts. This includes customer insolvency or bankruptcy, prolonged default beyond an agreed period, political risk events for export sales, and pre-shipment risk in some policy structures. It does not typically cover disputes, fraud by the insured, or transactions outside the policy's defined credit limits.

Who needs Trade Credit Insurance?

Any business that sells goods or services on open account (invoice terms) can benefit from TCI. It is especially valuable for businesses with large receivable concentrations in a small number of customers, companies expanding into new markets or sectors, exporters selling internationally, and businesses using receivables as collateral for bank lending.

How much does a TCI policy typically cost?

TCI premiums are typically expressed as a percentage of insured turnover, depending on industry, customer mix, geographic spread, and policy structure. For most businesses, the cost of a TCI policy is well below the cost of a single significant bad debt. Deltic Credit brokers the market to ensure you receive the most competitive pricing available.

How does the claims process work?

When a buyer fails to pay within the defined overdue period, you notify Deltic Credit and your insurer. We assist through the claims submission process, gathering required documentation and liaising with the insurer's claims team. Most policies reimburse 90% of the insured loss. Deltic Credit actively manages claims on your behalf for timely and fair settlement.

Can TCI help me access better bank financing?

Yes — this is one of the most powerful benefits of TCI. When your receivables are insured, lenders view them as higher-quality collateral. Many Canadian banks and asset-based lenders will increase your borrowing base or advance higher rates against insured receivables. Deltic Credit works with your banking team to ensure your policy is structured to maximize its financing benefits.

Protect Your Receivables. Grow With Confidence.