insurance vs self-insurance
self-insurance vs insuranceinsurance and self-insurance both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| insurance | Yes | No | No | No |
| self-insurance | Yes | No | No | No |
As nouns,
self-insurance is a hyponym of
insurance; that is, self-insurance is a
word with a more specific, narrower meaning than
insurance:
- insurance: promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company
- self-insurance: insuring yourself by setting aside money to cover possible losses rather than by purchasing an insurance policy
Other hyponyms of insurance include
assurance, automobile insurance, car insurance, business interruption insurance, coinsurance, fire insurance, group insurance, hazard insurance, health insurance, liability insurance, life assurance, life insurance, malpractice insurance, reinsurance, term insurance.
| insurance (noun) | self-insurance (noun) |
|---|---|
| written contract or certificate of insurance | insuring yourself by setting aside money to cover possible losses rather than by purchasing an insurance policy |
| promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company | |
| protection against future loss |
Words related to "insurance"
- assurance
- automobile insurance
- business interruption insurance
- car insurance
- coinsurance
- contract
- fire insurance
- floater
- floating policy
- group insurance
- hazard insurance
- health insurance
- indemnity
- insurance policy
- insure
- liability insurance
- life assurance
- life insurance
- malpractice insurance
- policy
- protection
- reinsurance
- security
- self-insurance
- shelter
- term insurance
Words related to "self-insurance"
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