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  2. Premium meaning in terms of business can vary depending on the context. In general, a premium is an extra amount paid or received for a higher quality or a better reputation of a product or service12. For example, a premium price for organic produce or a premium bonus for a high-performing employee. In insurance, a premium is the actual cost of your policy, which an insurer determines based on your risk factors3. For example, a premium quote for your business liability insurance.
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    In economics, a premium is a payment made for a commodity that has higher quality or a better reputation than others, such as a premium price for organic produce. In the field of marketing, businesses may use premiums as an incentive for customers to buy their product, like offering a free item along with a purchase.

    Finance Terms: Premium: Definition, Me…

    www.articleinsider.com/finance-terms-premium-defi…
    (Commerce) an amount paid in addition to a standard rate, price, wage, etc; bonus

    Premium - definition of premium by The …

    www.thefreedictionary.com/premium
    A premium is the actual cost of your policy, which an insurer determines through a process called underwriting. A quote is an initial estimate of your cost based on your answers to limited questions about your business.

    What Is a Business Insurance Premium…

    www.insureon.com/insurance-glossary/premium
     
  3. People also ask
    What does premium mean?a fee paid for instruction in a trade or profession. a sum additional to the interest paid for the loan of money. a wine made of premium grapes. of higher price or cost. to work in premium sales. at an unusually high price. Housing in that area is at a premium. see at a premium; put a premium on. See bonus.

    PREMIUM Definition & Meaning | Dictionary.com

    dictionary.com
    What is a premium business?They produce services, products, and experiences that contribute to good living. Most of the businesses we work with are in the premium segment, offering exceptional value to their clients. But what are the real elements of a Premium Business? Premium business is a term used to describe businesses that provide higher-end services or products.

    The 14 essential Elements of a Premium Business and brand

    thedesigneur.com
    What is insurance premium?The purchase price of an insurance policy or the regular payments required by an insurer to provide coverage for a defined period of time. The total cost to buy an option contract (often synonymous with its market price). Premium can mean a number of things in finance—including the cost to buy an insurance policy or an option.

    Premium: Definition, Meanings in Finance, and Types - Investopedia

    investopedia.com
    What is a premium in marketing?In marketing, premiums are promotional items — toys, collectables, souvenirs and household products — that are linked to a product, and often require proofs of purchase such as box tops or tokens to acquire. The consumer generally has to pay at least the shipping and handling costs to receive the premium.

    Premium (marketing) - Wikipedia

    en.wikipedia.org
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  4. Investopedia
    https://www.investopedia.com/terms/p/premium.asp

    Premium: Definition, Meanings in Finance, and Types - Investopedia

     
  5. Investopedia
    https://www.investopedia.com/.../insurance-p…

    Insurance Premium Defined, How It's Calculated, and …

    WebMar 3, 2022 · An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance …

    • Merriam Webster
      https://www.merriam-webster.com/dictionary/premium

      Premium Definition & Meaning - Merriam-Webster

    • Dictionary
      https://www.dictionary.com/browse/premium

      PREMIUM Definition & Meaning | Dictionary.com

    • Investopedia
      https://www.investopedia.com/terms/a/at-a-premium.asp

      At a Premium: Meaning, Overview, Comparisons - Investopedia

    • WallStreetMojo
      https://www.wallstreetmojo.com/premium-pri…

      Premium Pricing - Meaning, Strategy, Examples, Pros …

      WebMar 19, 2024 · Premium Pricing Meaning. Premium pricing is an approach used by businesses to increase the perceived quality of products and build a luxury brand image by pricing them higher than the market …

    • Cambridge Dictionary
      https://dictionary.cambridge.org/us/dictionary/english/premium

      PREMIUM | definition in the Cambridge English Dictionary

    • Livewell
      https://livewell.com/finance/premium-definition...

      Premium: Definition, Meanings in Finance, and Types | LiveWell

    • Wikipedia
      https://en.wikipedia.org/wiki/Premium_(marketing)

      Premium (marketing) - Wikipedia

    • thedesigneur.com
      https://thedesigneur.com/elements-of-a-pre…

      The 14 essential Elements of a Premium Business …

      WebApr 4, 2024 · What we cover show. Premium business definition. Premium business is a term used to describe businesses that provide higher-end services or products. It typically involves offering a superior quality …

    • Collins Dictionary
      https://www.collinsdictionary.com/dictionary/english/premium

      PREMIUM definition and meaning | Collins English Dictionary

    • Insureon
      https://www.insureon.com/insurance-glossary/premium

      What Is a Business Insurance Premium? | Insureon

    • Longman Dictionary of Contemporary English Online
      https://www.ldoceonline.com/Business+basics-topic/premium

      premium | Definition from the Business basics topic | Business …

    • Indeed
      https://www.indeed.com/.../premiums-marketing

      13 Examples of Premiums Marketing (Plus Definition) - Indeed

    • The Economic Times
      https://economictimes.indiatimes.com/definition/premium

      What is Premium? Definition of Premium, Premium Meaning

    • Cambridge Dictionary
      https://dictionary.cambridge.org/dictionary/english/premium

      PREMIUM | English meaning - Cambridge Dictionary

    • Wikipedia
      https://en.wikipedia.org/wiki/Premium_business_model

      Premium business model - Wikipedia

    • brandauditors.com
      https://brandauditors.com/blog/what-is-a-premium-brand

      What Is a Premium Brand? [And How to Become One]

    • Priceva
      https://priceva.com/blog/premium-pricing-strategy

      Premium Pricing Strategy: Definition, Advantages and Examples

    • Debitoor
      https://debitoor.com/dictionary/premium

      Premium - What is a Premium? | Debitoor invoicing software

    • NerdWallet
      https://www.nerdwallet.com/article/insurance/insurance-premium-definition

      What Is an Insurance Premium? - NerdWallet

    • Marketing Charts
      https://www.marketingcharts.com/industries/food-and-restaurants-73361

      What Makes A Premium Product? - Marketing Charts

    • New York Times
      https://www.nytimes.com/2024/05/15/business/car...

      Why Is Car Insurance So Expensive? - The New York Times

    • Investopedia
      https://www.investopedia.com/terms/a/acquisitionpremium.asp

      Acquisition Premium: Difference Between Real Value and Price Paid

    • Built In
      https://builtin.com/articles/employer-branding

      Employer Branding: What It Is & How to Get Started | Built In

    • Business Insider
      https://www.businessinsider.com/personal-finance/...

      Types of Checking Accounts: a 2024 Guide - Business Insider

    • The Motley Fool
      https://www.fool.com/investing/2024/05/20/history...

      History Says an Nvidia Stock-Split Announcement Might Be …

    • NBC News
      https://www.nbcnews.com/business/autos/auto...

      Auto insurance rates are jumping the most since the 1970s, but …

    • x.com
      https://help.x.com/en/managing-your-account/about-x-verified-accounts

      X Verification requirements - how to get the blue check