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

  1. The company implemented a self-insurance plan to reduce insurance premiums.
  2. Self-insurance involves a business assuming its own financial risks instead of purchasing traditional insurance.
  3. The self-insurance fund accumulated sufficient reserves to cover potential losses.
  4. The company's risk assessment team provided guidance on the appropriate level of self-insurance.
  5. The self-insurance program allowed the company to customize coverage tailored to its specific needs.
  6. The self-insurance arrangement benefited the company by providing greater control over insurance costs.
  7. The regulatory framework surrounding self-insurance ensures the financial stability of the program.
  8. The company's auditors carefully reviewed the self-insurance plan to assess its adequacy.
  9. Self-insurance can be a cost-effective alternative for businesses with predictable risks.
  10. 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.