Why would you intentionally self-insure a risk? What risks are typically self-insured? What are the disadvantages of self-insurance?

Please answer them separately

8 – Why would you intentionally self-insure a risk? What risks are typically self-insured? What are the disadvantages of self-insurance?

9 – Why are there indemnities and hold harmless wordings in contracts? Are they fair? Would you use them?

10 – Why would you procure a retrospective rated insurance plan and how does it differ from an experience rated insurance approach?

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