insurance /ɪnˈʃʊɹ.əns/ noun6 •protection against the costs of something bad that might happen, bought from a companyThe car was totalled, but fortunately I had insurance. •A bet made after the deal, which pays off if the dealer has blackjack.I only take insurance if the count is right. •An insurance policy."The children need to get back to some level of normalcy and their families can certainly use some respite to deal with things such as insurances, licences and other things they have lost," he said. — 2009 •The business of providing insurance.After five years in banking, I switched to insurance. •(figurative) Any attempt to forestall an unfavorable event.The sky was clear, but I took my umbrella for insurance. •A company providing insurance policies; an insurer. formsinsurances