Are insurance premiums a fixed cost ?

The cost of the insurance premiums for a company’s property insurance is likely to be a fixed cost. The cost of worker compensation insurance is likely to be a variable cost. Whether a cost is a fixed cost, a variable cost, or a mixed cost depends on the independent variable.

For Corporates - Insurance premium towards, property, assets, stocks etc are fixed costs.

For individuals - Insurance premium towards, mediclaim, accident and life can be considered as fixed costs.

In most of the cases yes, exception for eg group life insurance

Mostly yes it could be considered as fixed cost as it relates to value of fixed assets however, insurance premiums relating to shipments in case company bear the cost deliver the item to buyers location and incure insurance changes then it would be considered as variable cost as well.  In case company provides medical insurance to employees, the cost would be linked with the number of employes hence we could consider this as variable cost.  So it depnds on the nature and cercumstances of the event which decides whether insurance premium is to be considered as a fixed or varibale cost.

No,it will vary as per volume of sales activity.We can say semi variable.