Aka an engagement ring. A term most notably used by Tom Leykis, since women often use the ring as a way to make money after they divorce you (while they are also taking half of everything you own from the divorce).
A women in San Diego divorced her husband then listed to sell her engagement ring for 1.5k and San Diego chargers tickets, which is why women use engagement rings as divorce insurance.
by Sheriff69 July 22, 2017

Inmate 1: You gonn' get ass raped!
Inmate 2: Quite untrue good sir, I happen to have fastened my soap to a lengthy cord, allowing for easy retrieval in the case of dropping it in the showers. I call it... Asshole Insurance
Inmate 2: Quite untrue good sir, I happen to have fastened my soap to a lengthy cord, allowing for easy retrieval in the case of dropping it in the showers. I call it... Asshole Insurance
by PastaFiend February 17, 2006

The act of going to the toilet when you don't really need to, to make sure you don't need to go later. Usually conducted prior to long car journeys or departure from drinking establishments.
Her:"lets leave this pub before your too drunk to leave"
Him:"OK, but I need to take an insurance piss first"
Him:"OK, but I need to take an insurance piss first"
by SuperBeerFiend May 7, 2009

The act of cheating in the beginning of a relationship, by any means defined as cheating, with a female, for the sole purpose of the "just in case she cheats on me" clause while hence in a relationship. Opposition definition "Boyfriend Insurance" aka "Slut" clause.
John got with Jane but heard she cheated on five other boyfriends, so John got girlfriend insurance and hooked up with Jane's sister Jill.
by Shentasic July 25, 2011

A trick of the skilled asshole; Asshole insurance. The insurance covers all acts of assholery by providing the victim with an assemblage of minions ready to vouch for the legitimacy of his/her actions.
For use in DnD 3.5:
Take the "Leadership" feat at LVL 7 and then "Asshole Insurance" at LVL 10 and you're all set.
For use in DnD 3.5:
Take the "Leadership" feat at LVL 7 and then "Asshole Insurance" at LVL 10 and you're all set.
What the hell? Another paycut... right before Christmas? Fucking asshole! Goddamn Mr. Smith and his asshole insurance.
by Pastafiend January 5, 2006

by Your local tsundere January 21, 2021

The act on paying taxes for your nipples, in case you're worried about tripping when you run, then scrape your nipples off.
Person 1: Damn boi, Jane scraped her titties for running too fast, she got Nipple Insurance!
Person 2: Wow
Person 2: Wow
by ( ͜。 ͡ʖ ͜。) January 25, 2017
