English version

self-insure

From Longman Business Dictionaryself-insureˌself-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 companyMany 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.
Pictures of the day
Do you know what each of these is called?
Click on the pictures to check.