Archive for February 27, 2025
Self-Insurance: What It Is, How It Works, and Its Pros & Cons
What is Self-Insurance? Self-insurance is a risk management strategy in which an individual or a business sets aside a reserve of funds to cover potential losses instead of purchasing a traditional insurance policy from an external provider. It is typically used for predictable, high-frequency, and manageable risks. Self-insurance can apply to various areas, including health…
Read MoreRisk Mitigation With A Private Insurance Company – 2025
Contact us today to learn how you can develop a customized risk management strategy that aligns with your financial goals. Self-insurance can be a powerful tool for cost management and risk control, but it requires careful planning and financial discipline. While it offers advantages in terms of flexibility and potential savings, it also carries significant…
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