Respuesta :
The most likely way for them to do the self insuring would be to put aside enough money, rather than purchasing insurance and having the insurance company reimburse them for their expenses.
What is self insurance?
Instead of purchasing insurance and counting on an insurance company to reimburse you, self-insurance entails setting aside your own money to cover a potential loss. When you self-insure, you pay for expenses like a medical procedure, water damage, theft, or a car accident out of your own pocket as opposed to making an insurance company claim.
Insurance is meant to protect you from monetary losses you can't afford, but since you don't have to pay insurance premiums for losses you can afford, self-insurance can be more cost-effective. When thinking about self-insurance, you must balance the certainty of paying premiums with the possibility of suffering a loss for which you won't be able to obtain insurance.
Learn more on self insurance here https://brainly.com/question/13678242
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