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And that, roughly, is the intention of the product, allowing insurers to insure themselves.
GameHedge partners with a sports insurance company to "insure" themselves against the possibility that tickets they sold will need to be refunded.
In some cases, companies are diversified enough that they can insure themselves internally, or set up their own insurers, called "captives", to do the job for them.
The measure passed the U.S. Senate 99 to 1. Brown supported the 2006 Massachusetts health care reform, which requires all residents to have health insurance, with a state-subsidized plan created for those who cannot afford to insure themselves.
Instead, they insure themselves, by saving.
American doctors pay a fortune to insure themselves against frivolous lawsuits.
It is possible for pension funds to insure themselves against deflation in the derivatives market.
In a few countries, working employers are permitted to insure themselves as well as their employees.
Even so, Mrs. Patafio said, the couple must pay $514 a month to insure themselves.
Credit-default swaps allow traders to insure themselves against a company's default.
Capital markets are imperfect, they observe, and households are unable to insure themselves against all of life's ups and downs.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com