What is a Premium?
Premium
[pree-mee-uh m]
noun
1.
A Premium is the payment made to the insurance company, either monthly or in a lump sum, to purchase insurance. The Premium does not include other costs like copays or deductibles.
Related Content
How Liability Coverage Protects Your Business
Protect your business by understanding the importance of liability insurance and how coverage works.
The Business Cycle
How will you weather the ups and downs of the business cycle?
Combine Your Policies and Save
Some things just make perfect sense in pairs.