self-insurance
noun
self-in·sur·ance
ˌself-in-ˈshu̇r-ən(t)s 
-ˈshər-,
-ˈin-ˌshu̇r-,
-ˈin-ˌshər-
: insurance of oneself or of one's own interests by the setting aside of money at regular intervals to provide a fund to cover possible losses
Examples of self-insurance in a Sentence
Recent Examples on the Web
In Chicago, the city covers a portion of its liability through self-insurance but relies heavily on excess liability insurance policies—which are increasingly expensive due to the volume and severity of claims.
—
Michelle Mbekeani, Forbes.com, 3 Apr. 2025
The money will come out of a county self-insurance fund allocated for litigation expenses.
—Cody Copeland, Fort Worth Star-Telegram, 3 Feb. 2025
To protect against potential lawsuits, the state collaborates with joint self-insurance programs, such as the Local Government Insurance Trust (LGIT).
—Gary Collins, Baltimore Sun, 16 Jan. 2025
The council, meanwhile, will vote Monday on shifting up to $38 million from other funds, such as for affordable housing and the city’s self-insurance liabilities, to its General Purpose Fund, which mostly pays salaries and other operating costs.
—Shomik Mukherjee, The Mercury News, 6 Dec. 2024
Additionally, some property owners are turning to self-insurance (assuming the responsibility for a certain level of risk or loss) for a substantial portion of their property portfolios, particularly for high-value assets or secondary homes.
—Greg McKenna, Fortune, 20 Nov. 2024
For those seeking an alternative, owners are now looking into self-insurance or dropping their coverage entirely.
—Abby Montanez, Robb Report, 15 Oct. 2024
Some companies are turning to captive insurance or self-insurance options to better manage their risks and costs.
—Brian Moroney, Forbes, 26 Sep. 2024
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Michelle Mbekeani, Forbes.com, 3 Apr. 2025
The money will come out of a county self-insurance fund allocated for litigation expenses.
—Cody Copeland, Fort Worth Star-Telegram, 3 Feb. 2025
To protect against potential lawsuits, the state collaborates with joint self-insurance programs, such as the Local Government Insurance Trust (LGIT).
—Gary Collins, Baltimore Sun, 16 Jan. 2025
The council, meanwhile, will vote Monday on shifting up to $38 million from other funds, such as for affordable housing and the city’s self-insurance liabilities, to its General Purpose Fund, which mostly pays salaries and other operating costs.
—Shomik Mukherjee, The Mercury News, 6 Dec. 2024
Additionally, some property owners are turning to self-insurance (assuming the responsibility for a certain level of risk or loss) for a substantial portion of their property portfolios, particularly for high-value assets or secondary homes.
—Greg McKenna, Fortune, 20 Nov. 2024
For those seeking an alternative, owners are now looking into self-insurance or dropping their coverage entirely.
—Abby Montanez, Robb Report, 15 Oct. 2024
Some companies are turning to captive insurance or self-insurance options to better manage their risks and costs.
—Brian Moroney, Forbes, 26 Sep. 2024
Cite this Entry
“Self-insurance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/self-insurance. Accessed 13 Sep. 2025.
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