Insured The insured person is the business or entity involved in an insurance relationship that is protected under the policy. The insured can be an individual, a business, or a non-profit organization. Insurer The Insurer is a term referring to the insurance carrier who is offering coverage under the policy…. Read more »
The loss ratio is a quick and easy way for an insurer to determine the profitability of a workers compensation insurance policy. The Loss Ratio is calculated simply by dividing the incurred losses by the total earned premium. Therefore, a company with a very low ratio would be considered a… Read more »