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
Errors and Omissions Insurance
E&O insurance is specifically designed to protect you, or your company, from the risk of a client’s dissatisfaction.
Your DNA Test
Preparing for the unexpected can make all the difference if your family relies on your income.
Retiree Health Care Coverage Overseas
Retirees traveling abroad need to know that their health insurance travels with them.