Definitions of "self-insure"
  1. Refers to a strategy where an entity sets aside financial resources to compensate for potential future losses, often used in sectors like workers' compensation
  2. Refers to the practice of handling potential risks rather than purchasing an insurance policy from a third-party provider
How to use "self-insure" in a sentence
  1. Many corporations decide to self-insure to save money on insurance premiums.
  2. When businesses self-insure, they typically set aside money each month to cover potential losses.
  3. Due to the high cost of insurance policies, the company decided to self-insure and bear the risk of potential future losses.

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