Large companies,non-profit organizations,and governments frequently use what kind of insurance to reduce costs and gain more control of their finances?

Question

Quizplus · Accepted Answer

Self-insurance allows large companies, non-profit organizations, and governments to save money by taking on the financial risk of providing insurance coverage for their employees or members. They essentially become their own insurance company and pay for claims directly, rather than paying premiums to an outside insurance company. This gives them more control over the types of coverage offered and can result in cost savings over time. Blue Cross/Blue Shield and HMO are types of insurance plans, while Workers' Compensation is a type of insurance that covers workplace injuries and illnesses.

Large Companies,non-Profit Organizations,and Governments Frequently Use What Kind of Insurance