
Insurer or Insured?
The Insurer is the insurance company. Insurance companies are designed to be profitable. In order to sustain profitability, insurers increase premiums, often with or without increased claims. The Insured is you, the business owner. The insured benefits from the protection or insurance provided. Insurance is big business! Why? Because companies have significant exposures to protect. Some exposures are required by law such as workman’s comp, medical benefits, general liability