self-insure

self-insure
self-insure ˌself-inˈsure verb [intransitive, transitive] INSURANCE
in the US and some other countries, if a company self-insures, it keeps money specially to pay for any accidents to employees, harm caused to others etc, instead of buying insurance from an insurance company:

• Many small employers are looking to self-insure.

— self-insurance noun [uncountable] :

• Encouraging self-insurance would force companies to bear the actual costs of their health and safety practices.

— self-insurer noun [countable] :

• More employers are becoming self-insurers for health care.

* * *

self-insure UK US verb [I or T] INSURANCE
to not buy insurance against a particular risk: »

Last year, the company decided to self-insure, covering its 150 employees' health bills itself.

self-insurer noun [C]
»

The changes increased the obligation of self-insurers to make improvements in occupational health and safety.


Financial and business terms. 2012.

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Look at other dictionaries:

  • self–insure — self–in·sure /ˌself in shu̇r/ vt: to insure by self insurance (as in workers compensation) an employer wishing to self–insure its liability Pennsylvania Statutes vi: to use self insurance a governmental agency that self–insure s self–in·sur·er n …   Law dictionary

  • self-insure — self′ insure′ v. t. insured, insuring bus to protect (one s property or interests) by means of self insurance • Etymology: 1930–35 self′ insur′er, n …   From formal English to slang

  • Self-insure — A method of managing risk by setting aside a pool of money to be used if an unexpected loss occurs. Theoretically, one can self insure against any type of loss. However, in practice, most people choose to buy insurance against potentially large,… …   Investment dictionary

  • self-insure — /self in shoor , self /, v., self insured, self insuring. v.t. 1. to subject (one s property or interests) to self insurance. v.i. 2. to insure with self insurance. [1930 35] * * * …   Universalium

  • self-insure — /self in shoor , self /, v., self insured, self insuring. v.t. 1. to subject (one s property or interests) to self insurance. v.i. 2. to insure with self insurance. [1930 35] …   Useful english dictionary

  • self-insure — verb Date: 1932 to insure oneself; especially to practice self insurance • self insurer noun …   New Collegiate Dictionary

  • self-insurer — self insure ˌself inˈsure verb [intransitive, transitive] INSURANCE in the US and some other countries, if a company self insures, it keeps money specially to pay for any accidents to employees, harm caused to others etc, instead of buying… …   Financial and business terms

  • self-insurance — self insure ˌself inˈsure verb [intransitive, transitive] INSURANCE in the US and some other countries, if a company self insures, it keeps money specially to pay for any accidents to employees, harm caused to others etc, instead of buying… …   Financial and business terms

  • self-insurer — noun see self insure …   New Collegiate Dictionary

  • self-insured — See self insure. * * * …   Universalium

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