What is another word for self-insurance?
Pronunciation: [sˈɛlfɪnʃˈʊ͡əɹəns] (IPA) 
Self-insurance is a term used to describe a method of financing or managing risks, where individuals or organizations will set aside funds to protect themselves against potential losses. Some synonyms for self-insurance include self-funding, self-protection, and self-coverage. Another term that is often used in tandem with self-insurance is "captive insurance," which describes a situation where a company creates its own insurance company to handle its risks. Other related terms include risk retention and self-coverage, which are used to describe similar strategies for managing risk. Ultimately, regardless of the term used, self-insurance is a valuable tool for individuals and organizations looking to protect themselves against unforeseen losses.
