Definition of "self-insurance"
  1. The practice of setting aside money in a fund to cover any potential losses instead of purchasing an insurance policy
How to use "self-insurance" in a sentence
  1. The company chose self-insurance as a more cost-effective risk management strategy.
  2. Due to their financial stability, some organizations prefer self-insurance over conventional insurance policies.
  3. Self-insurance allows entities to manage their own risks without relying on an insurance provider.

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