Client Cash Flow Benefits

Reliability ∙ Growth ∙ Innovation

As a business owner, you know incoming cash flow doesn’t always match what’s going out. This is particularly true when larger expenses like business insurance premiums are due.

FIRST Insurance Funding of Canada (FIRST Canada) and your insurance broker have partnered to provide flexible payment plans for business owners through premium financing.

With our easy monthly installments you can spread the cost of your annual commercial insurance premiums over the policy term. This allows you to avoid a lump-sum payment, smooth out your cash flow, and preserve your cash for your day-to-day operating needs.

The Benefits of Premium Financing with FIRST Canada


Smooth Out Your
Cash Flow

Avoid lump-sum payments with easy monthly payments

Reinvest Your
Working Capital

Keep your cash in your business or invest it in opportunities with a better return.

Preserve Your Available Credit

Unlike a typical loan, premium financing often does not affect overdraft and credit lines or borrowing capacity.

Multiple Policies

Combine all your commercial insurance policies into one easy monthly payment.

Borrowing Costs

Interest costs are fixed and can be less than alternatives such as credit lines, credit cards, or sale of investments.

Payment Solutions Leader

We partner with your insurance broker to provide flexible solutions customized for your business.

How Premium
Financing Works


Premium financing is like a short-term loan. We will pay your insurance premiums on your behalf and you pay back that loan over time.

Interest rates are fixed so your payments are consistent and protected from rate fluctuations.

Interest is calculated on a declining balance, may be paid off at any time and only calculated up to the month of full repayment.