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
Directors and Officers Liability Insurance
Not only can D&O insurance provide financial protection, but it can help improve an organization’s decision-making.
Avoiding Cognitive Decline
Try these activities to keep your brain sharp.
The Real Cost of a Vacation Home
What if instead of buying that vacation home, you invested the money?