Buying business insurance is necessity for any responsible business owner. It is a way of protecting your investments, cushioning them from the potentially damaging effect of many insurable risks.
All businesses, regardless of size, can also benefit from having insurance that pertains to their employees and their health. As the owner of a small and medium enterprise, it helps to have a grasp of basic small business health insurance terms.
Named insured – refers to any entity—whether person, firm, or organization—that is specifically designated as an insured. Even members of the firm or organization in question can qualify as an insured, although they may be distinguished as 'unnamed. Read more from this article: http://bit.ly/2Ar1kn4