self-insure
verb[IorT]
INSURANCEukusto notbuyinsuranceagainst aparticularrisk:
Lastyear, thecompanydecidedto self-insure,coveringits150employees'healthbillsitself.
self-insurer
noun[C]
Thechangesincreasedtheobligationof self-insurers to makeimprovementsinoccupationalhealthandsafety.