Contract Insurance and Bonding

Taking on export contracts can open major growth opportunities, but the financial risks that come with international customers, long payment terms, and bonding requirements often hold Canadian businesses back. Contract Insurance and Bonding from Export Development Canada is designed to reduce those risks, making it easier for companies across Canada to confidently pursue domestic and international contracts without overextending their balance sheets.

This program provides insurance coverage that protects businesses if a buyer fails to pay or if a contract is disrupted due to commercial or political events beyond the exporter’s control. It also supports bonding needs, which are often required to secure larger contracts in sectors such as manufacturing, construction, professional services, and technology. By strengthening a company’s financial position and credibility, this coverage can also help improve access to operating lines or project financing from lenders. Support is tailored to each contract and project, rather than a fixed funding amount, allowing businesses in a wide range of industries to align coverage with real-world risks.

Contract Insurance and Bonding is available nationwide and is generally suitable for businesses with export-ready operations that meet certain requirements. For Canadian companies weighing new contracts or expanding into unfamiliar markets, understanding how this program works could be a key step toward safer, more sustainable growth.