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self-insurance
(redirected from self-insure)

   Also found in: Dictionary/thesaurus 0.01 sec.
self-insurance,
a system whereby hospitals or health professionals may, in lieu of commercial insurance, assume financial responsibility for their liability.

self-insurance,
n the setting aside of funds by an individual or organization to meet anticipated dental care expenses or dental care claims, and accumulation of a fund to absorb fluctuations in the amount of expenses and claims. The funds set aside or accumulated are used to provide dental benefits directly instead of purchasing coverage from an insurance carrier.


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Q I work with many prospects who can afford to self-insure.
Some public-sector members have elected to self-insure many of their liability exposures, such as automobile, general liability, even employment practice liability.
More than 200 companies self-insure in Arkansas, including most of the largest employers.
 
 
 
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