#self-insurance
- To self-insure — To independently secure financial protection against potential risks, losses, or damages by creating and accumulating an internal reserve fund within the company or household, instead of purchasing an insurance policy from an external commercial company.
- Self-insurance — A risk management method whereby an individual or company assumes financial responsibility for potential losses by setting aside internal reserve funds instead of purchasing commercial insurance. In mountaineering, it denotes the action or system of ropes and carabiners used by a climber to anchor themselves.