self-insurer

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 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-insurer — /self in shoor euhr, self /, n. one insured under self insurance. [1905 10] * * * …   Universalium

  • self-insurer — | ̷ ̷ ̷ ̷| ̷ ̷ ̷ ̷ noun : one who practices self insurance * * * /self in shoor euhr, self /, n. one insured under self insurance. [1905 10] …   Useful english dictionary

  • self-insurer — An employer under workmen s compensation who is permitted under the conditions respecting self insurance, to dispense with an insurance carrier. Sheehan Co. v Shuler, 265 US 371, 373, note, 68 L Ed 1061, 1062, note, 44 S Ct 548. See self… …   Ballentine's law dictionary

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

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

  • Self insurance — is a risk management method in which a calculated amount of money is set aside to compensate for the potential future loss. More colloquially, the term self insured is used as a euphemism for uninsured. [http://www.slate.com/id/2075714/] If self… …   Wikipedia

  • insurer's liability — Literally, the liability of an insurer. In common usage, a term of art. importing absolute liability. A liability which is absolute except as the injury is caused by the public enemy or an act of God or is self inflicted. Anderson Hotels of… …   Ballentine's law dictionary

  • Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …   Wikipedia

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