We're putting together a little series on insurance issues- what insurance is for, what you need, what you don't need, and in the process we stumbled on this great little clip from MyOwnBusiness.org talking about "self-insurance".  Now, as we'll discuss in the coming week, "self-insurance" is commonly called "NO insurance"- when you decide that you're just not willing to pay upfront for insurance of one type or another. 
 

The insurance industry likes to call this "self insurance" for the simple reason that without an insurance policy covering you in the event of a loss or liability, then the money is going to come from you, pure and simple.  It doesn't matter if you're prepared for it, if you've saved or invested to provide your coverage- the money is going to come out of your assets. 
 

Take a quick listen to this video, and keep the thought in your mind as we go thorugh the various types of coverage you may, or may not need.  Above all, by the end of this series, sit down and get some advice from an agent that you trust.