Self-Insurance Options Beat 'Going Bare'

Across the country, from boardrooms to laptops, there are many a furrowed brow as commercial buyers take on the task of deciding whether they should renew their expensive insurance coverage, take on larger retentions or deductibles, or lastly, "self-insure."

Self-insurance is a type of coverage that includes several interpretations and forms. For example, use of the term with your chief financial officer or risk manager gives it the weight of a viable, fiscally sound option, as in, "after analyzing the risk, should we self-insure or not?"

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