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self-insurance
(redirected from self-insure)

   Also found in: Medical 0.01 sec.
self-in·sur·ance (slfn-shrns)
n.
Insurance of oneself or one's possessions against possible loss by regularly setting aside funds.

self-in·sure v.
self-in·sured adj.
self-in·surer n.

self-insurance
n
(Business / Insurance) the practice of insuring oneself or one's property by accumulating a reserve out of one's income or funds rather than by purchase of an insurance policy
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.self-insurance - insuring yourself by setting aside money to cover possible losses rather than by purchasing an insurance policy
insurance - promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company


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Q I work with many prospects who can afford to self-insure.
Some public-sector members have elected to self-insure many of their liability exposures, such as automobile, general liability, even employment practice liability.
More than 200 companies self-insure in Arkansas, including most of the largest employers.
 
 
 
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