Insurance

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.

Have A Question About This Topic?

Thank you! Oops!

Related Content

Pay Yourself First

Pay Yourself First

It sounds simple, but paying yourself first can really pay off.

Good Health is Good Business

Good Health is Good Business

Good employee health can be great for the company’s bottom line.

Accidents

Accidents

Accidents happen to everyone. We're here to help.