By choosing the contractor the insurance company selected, it often protects you because those contractors are accountable to the insurance company. Insurance companies provide contractors with many jobs and are big clients to them. Letting the insurance company take care of it can save you a lot of stress, time, and trouble. The role of insurance intermediaries in the overall economy is, essentially, one of making insurance – and other risk management products – widely available, thereby increasing the positive effects of insurance generally – risk-taking, investment, provision of basic societal needs and economic growth. Every policy has a few key roles, known as the insured, the beneficiary and the policy owner. The policy owner is responsible to pay the premiums, and in exchange, the insurance company promises to pay the death benefit to the named beneficiaries. With that backdrop in mind, let's take a closer look at the key roles.