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First Insurance Funding Our easy-to-use premium finance services provide valuable cash flow options and payment solutions for your insurance clients. FIRST Insurance Funding (FIRST) is one of the largest premium finance companies in North America. For more than 30 years, we have built a reputation for providing superior, innovative, and flexible service. We are a true partner to insurance brokers and agents and equip them with customized tools and solutions for their unique goals. Choose FIRST as your primary funding source to streamline your agency's workflow, and gain a dedicated partner who knows your agency inside and out.
Services
In 1991, Ed Wehmer opened a small storefront community bank location, in a northern Chicago suburb, with the idea to reimagine what a banking experience could be. Around the same time, Frank Burke also helped start a young company, FIRST Insurance Funding (FIRST), that was reimagining premium financing.
Our premium finance services will help your agency stand out from the competition and provide valuable options for your insureds. We're proud to offer tools and services that make premium finance an easy process for both you and your insureds. We offer a variety of customized solutions for your small business, program business, or captive clients.
While logged into FIRST InSite, you can chat online with one of our customer service representatives, Monday through Friday, 7 a.m. to 7 p.m. CST. Download our mobile app and access your account info on the go! Everything regarding your account is available on our website, mobile app, or automated phone system with no waiting! You can sign up to make automatic installment payments with your bank account when using FIRST InSite online.
Your clients are looking for easy and convenient payment options for their insurance premiums. We create a custom solution to meet your needs. We offer customized financial solutions and can create unique tools to help you reduce operational costs related to premium collection. Our exclusive solution that combines pay-as-you-go convenience with premium finance benefits for workers' compensation policies. The local construction, engineering, and architecture industries are vital to building our communities.
Reviews (9)
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Ruben B.
Feb 10, 2022
They are a bunch of crooks and will take your money and add fees to get more money out of you. They know you have to pay or they threaten to attack your credit. DO NOT USE THIS COMPANY. They are CROOKS!
Brian B.
May 12, 2020
I have used First Insurance funding for several years. I have never had an issue until COVID 19. I have tried to call and work out something on our 4K insurance payment while we are closed during this pandemic. Their response to me was they cannot help because the our state has not mandated them to do anything. So they will only help their customers if the state makes them.

I sent an email to their COVID 19 response email expressing our situation and they never responded. It's funny because their website says they are here to help. I should also mention that I called their office and they did make one offer to help. They said they would give me a 10 day grace period to make the payment otherwise the policy will be scheduled to be cancelled.

Thanks for all the help First Insurance Funding! Due to their lack of compassion and failure to respond we will no longer being doing business with them in the future. This company should be ashamed of their actions.
Neal M.
Apr 21, 2020
Terrible, unethical company. Never was late one 1 payment in 5 years. Even paid over at times. When I asked for Covid Reflif just to defer payments for 30 days, they denied us and chose not to honor our request during a time like this. Most Unethical company I have ever worked with. I will NEVER use this company again and you shouldn't either.
Rueben D.
Feb 06, 2020
Https://youtu.be/1c5VdbA4ajA Watch how first insurance funding committed Fraud against me and forced me into bankruptcy. If nothing else let the video play and subscribe, just to go my numbers up. Thanx. And by the way, I also lost my mother's house and land bc of First insurance Funding
Akmal B.
Apr 14, 2018
They charge $15 processing fee, and that's the lowest if you pay with bank account. CC fee is 25. Wouldn't recommend it even to my enemy.
David C.
Aug 29, 2014
Our company uses First Insurance Funding to fund our corporate policies. This company has billing practices that are unethical. Their statement are dated the 21st of the month but do not get received into our office until the 28th of the month. They require the payment to be received in by the 8th of the following month. Giving our company to short of a period of time to turn around and issue a payment. usually companies have a 20 day term plus 8 days grace period. This companies term is much shorter forcing late penalties to charged.
Pam S.
Jul 19, 2014
Worst Insurance company I've ever used. They told us they sent someone out to look at our property to give us a list of what had to be done. Never did but lied and said they did. Billing is a nightmare, we sold our property and cancelled our insurance over 4 months ago and are still getting billed for the whole year with interest. Water bridge sent a refund check for our overpayment but First Insurance kept the check and as I said still billing us. Seriously, do not even consider using this company, what a scam!
Natalie G.
Jan 13, 2014
Same problem here. Neve receive bill and always have to pay by phone and cant get the website up online to save a life. Natalie G.
Amy D.
Mar 04, 2013
$15 to make a payment over the phone or online- after they never send you a bill so you are forced to make a last minute payment. This company just doesn't seem right.