Definitions for "Premium discount"
A discount on workers' compensation policies based on the size of the premium.
A provision designed to distribute the cost of workers' compensation insurance equitably among risks of all sizes, so that the large risks pay no more than their fair share of loss costs and insurance company expenses. This is usually only available to policyholders whose premiums exceed $5,000…and the discount comes off of a table and is not discretionary.
Periodic payment discount given by the Company
Keywords:  profile, reduction, carrier, meet, risk
a reduction given if you meet the carrier's specific risk profile