Self-insurance: Should corporations make disclosures?

✍ Scribed by Jerry G. Kreuze; Gale E. Newell; Sheldon A. Langsam

• Book ID: 102299125
• Publisher: John Wiley and Sons
• Year: 1997
• Tongue: English
• Weight: 467 KB
• Volume: 8
• Category: Article
• ISSN: 1044-8136
• DOI: 10.1002/jcaf.3970080211

✦ Synopsis

More companies are self-insuring to cut costs. But what are the advantages and disadvantages? And should corporations make disclosures for self-insurance? nsurance coverage represents a significant cost of doing business. Sufficient insurance coverages frequently are very expensive, are increasing in cost, and are becoming less available for many companies. In response, companies have raised deductibles, restricted benefits, changed insurers, and become self-insured for many risks. For many companies, availability of insurance is limited.