Share this entry
self-insurance Syllabification: self-in·sur·ance

Definition of self-insurance in English:


Insurance of oneself or one’s interests by maintaining a fund to cover possible losses rather than by purchasing an insurance policy.
Example sentences
  • Here in Australia, a lot of businesses tend to see credit insurance as a choice of self-insurance, and a cost.
  • That said, self-insurance can result in dramatic savings.
  • Choosing a fee-based adviser is a form of self-insurance if you like.
Definition of self-insurance in:
Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Subscribe to remove ads and access premium resources