self-insure Meaning in the Cambridge English Dictionary
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Meaning of “self-insure” in the English Dictionary

"self-insure" in Business English

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self-insureverb [I or T]

uk   us   INSURANCE
to not ​buyinsurance against a particular ​risk: Last ​year, the ​company decided to self-insure, ​covering its 150 ​employees' ​healthbills itself.
noun [C]
The ​changesincreased the ​obligation of self-insurers to make ​improvements in ​occupationalhealth and ​safety.
(Definition of self-insure from the Cambridge Business English Dictionary © Cambridge University Press)
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