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
Restaurant Insurance in the DoorDash Age
Delivery apps have created new liability gaps for restaurant owners. Learn what coverage areas to revisit.
General Liability for Online & Etsy Sellers
Learn why General Liability insurance helps protect your online business from common liability risks. Share this info.
How to File a Wildfire Claim
Here’s what you need to know when filing a wildfire insurance claim.