Capital Premium Financing is one of the largest premium finance companies in the United States, providing financing options for businesses to pay their insurance premiums. The company was founded in 1989 by David Gabrielsen, an entrepreneur with a background in finance and insurance.
David Gabrielsen recognized that many businesses struggled to pay their insurance premiums in full upfront, which could create a financial burden and impact their cash flow. He believed that by offering financing options, he could help businesses manage their cash flow and improve their financial flexibility.
In the early days of the company, David Gabrielsen operated out of the basement of his home. He started by providing financing options for insurance premiums to local businesses, and as word spread about his services, the business grew. As the company continued to expand, David Gabrielsen recognized the need to invest in technology to streamline the financing process and make it easier for customers to access their accounts. He also saw an opportunity to expand into new markets and began to offer financing options for a wider range of insurance products.
Today, Capital Premium Financing is headquartered in Draper, Utah and the company serves clients in all 50 states, providing financing options for insurance premiums for a variety of industries, including construction, transportation, hospitality, and healthcare.
One of the keys to the company’s success has been its commitment to customer service. David Gabrielsen believed that building strong relationships with clients was essential to the success of the business. He instilled a customer-first mentality in his employees and focused on providing personalized, responsive service to every client.
Another factor that has contributed to the company’s growth is its willingness to embrace technology. As the insurance industry has evolved, so has the way that Capital Premium Financing does business. The company has invested in a variety of technology solutions to improve the financing process, including online account access, electronic billing, and automated payment options.
Despite its success, Capital Premium Financing has remained true to its entrepreneurial roots. The company continues to be driven by a spirit of innovation and a commitment to providing value to its clients. It is always exploring new ways to improve the financing process and make it easier for businesses to manage their insurance premiums.
In recent years, the company has expanded its offerings to include a range of value-added services, including risk management, claims advocacy, and loss control. These services are designed to help businesses better manage their insurance risks and reduce their costs over time.
Looking to the future, Capital Premium Financing is well positioned to continue its growth and expansion. The company has a strong leadership team in place and a deep bench of experienced professionals. It is committed to staying at the forefront of the industry, investing in technology and innovation to better serve its clients.
Capital Premium Financing is a great example of how an entrepreneurial adventure can grow into a successful business. David Gabrielsen’s vision and commitment to customer service laid the foundation for the company’s growth and success. Today, Capital Premium Financing is a leader in the premium finance industry, with a strong track record of providing value to its clients. With a focus on innovation, technology, and customer service, the company is poised to continue its growth and success in the years ahead.