Calculators › Risk & actuarial

Self-insure vs buy cover calculator

Self-insuring is cheaper on average and ruinous in the tail, so the question is not the expected cost but whether you could absorb the worst year.

Annual premium ($)Loss probability per year (%)Average loss ($)Reserves available ($)Years to compare

This is an educational tool, not a quote or advice. It uses general formulas and the figures you enter. Policy terms, state rules and insurer practice vary, so check anything important with a licensed agent.

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