Definition: The word "insure without commission" refers to a situation where one party assumes responsibility for an event or task, but the other party does not receive payment for this service or responsibility. In simpler terms, if someone says they are going to insure something with another person's money, that means they are taking on the cost of doing it, even though they don't get paid. This can happen in a variety of situations - whether insurance companies pay out on someone else's claims, employers deduct costs from employee wages, or even some non-profit organizations do not receive payment for services provided. The term "insurance without commission" is often used to describe this type of situation where the party taking on responsibility for the cost of doing something does so without receiving any financial compensation. It can be a common issue in various sectors and can have serious consequences if left unresolved.
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