The short answer
Both plans give your team the full desktop versions of Word, Excel, Outlook and PowerPoint, plus business email, Teams and OneDrive. The difference is security.
Business Standard is the productivity plan. It is what most people mean when they say "Office 365": the proper desktop apps and email on your own domain.
Business Premium is everything in Standard plus a built-in security stack: Microsoft Defender for Business, Intune device management, and conditional access through Entra ID Plan 1.
If your staff only need to write documents and send email from managed desktops, Standard is enough. If anyone stores or handles client data on a laptop, phone or personal device, the protection in Premium is the reason it exists. We sell both through online checkout, so you can pick, provision and mix them without a sales call.