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
1.Both the NEC and IEC set requirements that cover the installation and management of electronic systems along with wiring and electric shock protection. 2.NEC is intended to provide safety, while IEC only serves as a guidance. 3.NEC was developed in the United States while the IEC follows the European concept and regulations. 4.NEC is all encompassing, while IEC needs further and supporting documents for uniformity.