Insurance

What is a Premium?

Premium

[pree-mee-uh m]

noun

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?

Just Married? A Guide to Combining Your Insurance

If you just recently married, then it may be time to take another look at your insurance policies to see where you can save money.

Side-by-Side: Insured vs. Uninsured

Here's what happens if your small business has an accident and you're not insured.