The Realities of Self-Insurance: A Sophisticated Risk Management Assessment

With the mounting costs of homeowners and property insurance, many are considering self-insurance as a potential solution. As risk managers, we believe self-insurance can be a viable option in certain contexts, but when does it transform from a calculated decision to a hasty impulse? Before we delve deeper into self-insurance, let’s discuss when self-insurance is not a Learn More “The Realities of Self-Insurance: A Sophisticated Risk Management Assessment”

Managing the Risk of Self-Insurance

As insurance premiums skyrocket, many people think about self-insuring. Following are some thoughts that should be considered. Insurance was created and is best used to protect against significant financial risks that have low frequency of occurrence, but a severe potential impact. Natural disasters are a good example. Small risk exposures should be self-insured on a Learn More “Managing the Risk of Self-Insurance”