Insurance What is a Carrier? Carrier[kar-ee-er]noun1.The Carrier is the insurance company that provides a specific Policy and is the company that a policyholder will pay Premiums to. The Carrier is ultimately responsible to pay out Claims. Share | Related Content Accidents Accidents happen to everyone. We’re here to help. What is a Policy? Do you know what a Policy is? Protecting Those Who Matter Most The importance of life insurance, how it works, and how much coverage you need.