The most common types of commercial insurance are property, liability and workers' compensation. In general, property insurance covers damages to your business property; liability insurance covers damages to third parties; and workers' compensation insurance covers on-the-job injuries to your employees.
NEC: Necessary: NEC: Not Elsewhere Classified: NEC: National Elections Commission
Necrotising Enterocolitis. Necrotising Enterocolitis (NEC) is an inflammation of the bowel (intestines) that may damage the bowel to a variable extent. It usually causes a temporary intolerance of milk feeds but at its worse the bowel may be so damaged that parts of it actually die.