self-insurance Synonyms
No Synonyms and anytonyms found
self-insurance Meaning
Wordnet
self-insurance (n)
insuring yourself by setting aside money to cover possible losses rather than by purchasing an insurance policy
self-insurance Sentence Examples
- The company implemented a self-insurance plan to reduce insurance premiums.
- Self-insurance involves a business assuming its own financial risks instead of purchasing traditional insurance.
- The self-insurance fund accumulated sufficient reserves to cover potential losses.
- The company's risk assessment team provided guidance on the appropriate level of self-insurance.
- The self-insurance program allowed the company to customize coverage tailored to its specific needs.
- The self-insurance arrangement benefited the company by providing greater control over insurance costs.
- The regulatory framework surrounding self-insurance ensures the financial stability of the program.
- The company's auditors carefully reviewed the self-insurance plan to assess its adequacy.
- Self-insurance can be a cost-effective alternative for businesses with predictable risks.
- The self-insurance mechanism empowers businesses to manage their risk exposure proactively.
FAQs About the word self-insurance
insuring yourself by setting aside money to cover possible losses rather than by purchasing an insurance policy
No synonyms found.
No antonyms found.
The company implemented a self-insurance plan to reduce insurance premiums.
Self-insurance involves a business assuming its own financial risks instead of purchasing traditional insurance.
The self-insurance fund accumulated sufficient reserves to cover potential losses.
The company's risk assessment team provided guidance on the appropriate level of self-insurance.
