Definition - What does Risk Bearer mean?
A risk bearer is an entity or person who engages in work that has a certain degree of uncertainty, such as a business owner who faces the possibility of not turning a profit from the goods they sell or services they provide.
Insuranceopedia explains Risk Bearer
Every facet of life involves some degree of risk. Indeed, the very fact of our mortality makes death a natural risk for every single one of us. We are all, in other words, risk bearers on this level. The financial risks associated with this fact can be managed by purchasing life insurance policies to provide for those who survive us.
Likewise, motorists face potential dangers any time they get behind the wheel and hit the road. The fact of driving makes them a risk bearer, and some of the financial risks associated with car accidents can be managed by buying auto insurance.
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