CAP Insurance | Euler Hermes in Canada

Coverage when it counts

Extending more credit often goes hand-inhand with increased risk. That's why Euler Hermes offers CAP, CAP+ and Power CAP – to provide coverage beyond what's available through your existing policy – so you can make the most of every sales opportunity.

CAP programs are a set of credit insurance products that can be endorsed to your existing Euler Hermes policy, enabling you to purchase additional coverage on credit limits that have been fully or partially declined.

Our primary objective is to offer the most coverage under your existing policy, but there are situations where you have a need for coverage on higher risk buyers or those buyers for which limited information is available. These products allow you to make strategic trading decisions while maintaining sound financial management.

How does coverage work?

Terms of the program mirror your existing Euler Hermes credit insurance policy
Both domestic and export markets are covered
Coverage is available for as few as 3 months, or as long as you need the limit
Policy deductible is not applied to CAP claims
Policy loss ratio is not impacted by CAP claims
Not all buyers are eligible

The right product for your needs

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Product	Situation	Limit Size	Price	Where to Request Coverage	Credit Limit Fees
CAP+	Declined credit limits	Up to $75,000	6% per year (or 0.5% per month) of the value of the limit	EOLIS online policy management system	One-time $25 credit limit fee
CAP	Partially approved or reduced limits	Up to $3,000,000 depending on the buyer risk grade	1.4% per year (or 0.117% per month) of the value of the limit	EOLIS online policy management system	One-time $25 credit limit fee
Power CAP	Any large coverage need	Up to $3,000,000	Variable depending on several risk factors	Directly through a representative	No credit limit fee

Why choose CAP?

Extra Coverage

If you need more coverage on a partially approved limit, or a declined limit.

Exposure

If you currently have A/R exposure above your approved limit.

Special Occasions

If you have peak season, one-off or special sales opportunities.

Request a free quote

Please fill out this short form and we will be in touch.

At Euler Hermes we value your time and will try to respond to your enquiry on the same working day. Some questions may take a little longer to answer, but we aim to provide you with a response within 3 working days.