Definition: Insurance or no insurance in English means to have insurance, as opposed to not having it. The term "insurance" refers to an arrangement where a person provides a financial guarantee for the payment of some future expense or loss, usually under a contract with their employer or another party involved in the process. On the other hand, "no insurance" means that there is no financial guarantee provided for any future expenses or losses, and the person does not have to pay for them. This can be seen as an ethical approach to risk management where people are encouraged to avoid taking on risks they cannot afford to lose. The term "insurance or no insurance" has become a commonly used phrase in English language circles to describe different kinds of financial arrangements or policies, and it reflects the diverse range of options available for individuals and businesses.
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