non-insurance

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Non-Insurance

Definition: Non-insurance refers to any arrangement or service that falls outside the scope of traditional insurance policies. It includes alternative funding methods, self-insurance strategies, and risk management solutions.

Examples:

Example 1 (Noun): The company decided to implement a non-insurance program to cover their employees' healthcare expenses.
Example 2 (Adjective): She opted for a non-insurance approach by setting up a personal emergency fund rather than relying on traditional insurance for unexpected expenses.
Example 3 (Adverb): The business chose to handle the risk non-insurance, thus allocating funds for potential losses without purchasing insurance coverage.
Example 4 (Verb): As a proactive measure, the organization plans to non-insure certain low-risk assets to minimize insurance costs.

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