Meaning of “self-insurance” in the English Dictionary

business-english dictionary

"self-insurance" in Business English

See all translations

self-insurancenoun [ U ]

uk us INSURANCE

a situation in which a person or company does not buy insurance against a particular risk:

Insuring a £1,500 personal computer will cost you around £500. Saving that much in a self-insurance account would be better.

(Definition of “self-insurance” from the Cambridge Business English Dictionary © Cambridge University Press)