self-insure

[self-in-shoor, self-]
verb (used with object), self-insured, self-insuring.
1.
to subject (one's property or interests) to self-insurance.
verb (used without object), self-insured, self-insuring.
2.
to insure with self-insurance.

Origin:
1930–35

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
Briefly explains obligations of employers who self-insure.
The option to self-insure jointly with other firms is not new.
Many large employers self-insure their employee health plans.
Employers may either buy insurance or obtain permission to self-insure.
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