The person or entity who receives benefits from an insurance policy.


What is an insured?


An insured is the individual or business covered under an insurance policy. If you’re the insured, you’re eligible to receive financial benefits after filing a claim with an insurance company.

Is an insured the same thing as a policyholder?

No. An insured is someone the insurance policy protects.

The policyholder is the individual or business entity that bought and owns the policy and has the right to modify it.

A policyholder will often be an insured, but an insured is not necessarily a policyholder.

Can a business have more than one insured?

Definitely. In fact, businesses almost always have more than one. Common insureds for many types of small business insurance include:

  • The business owner
  • Company executives
  • Employees
  • Visitors to the business’ premises
  • Volunteers

In most cases, insureds must be engaged in company business at the time of the loss to receive financial benefits under the policy.

What is the difference between an insured and an insurer?

An insured is the person or entity that an insurance policy protects.

An insurer is an insurance company or other business organization that evaluates business risks and issues insurance coverage.

Are insureds, named insureds, and additional insureds the same?

No. An insured is someone protected under an insurance contract.

A named insured is just another term for the policyholder — the person or entity who owns and can modify the policy.

For example, if you buy commercial auto insurance for your business, you’re the named insured/policyholder because you bought the policy. You and your employees are all insureds because you’re all eligible to receive benefits under the coverage.

An additional insured is someone the policyholder adds later to receive benefits under the coverage.

How NEXT can help insure your small business

NEXT’s licensed insurance agents can help you assess your risks and cover them with the right small business insurance.

We make small business insurance easy and fast. Get a quote and buy online in about 10 minutes. Download free proof of insurance 24/7 to help get you back to business.

Get a free instant quote.

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Business insurance in less than 10 minutes

Get insurance in less than 10 minutes and you can save up to 25% in discounts*

Tailored business insurance

Unique, flexible coverage with easy monthly payments

Get business insurance online

Do it all 100% online or talk to a licensed U.S.-based advisor

Let’s find the coverage you need for your business

Business insurance is divided into different policies. We offer seven types so it's easy to design the coverage that fits your business.

General Liability insurance
General Liability

Protect yourself from accidents that cause physical injury or damaged property.

Professional Liability or Error and Omissions Insurance
Professional Liability/E&O

Shield yourself from lawsuits that claim your work errors caused financial losses.

Workers' Compensation Insurance
Workers’ Compensation

Cover medical bills and lost wages if your employees have an accident at work.

Commercial Auto Insurance
Commercial Auto

Stay on the road with coverage for dents, tows and damage to someone else’s vehicle.

Tools & Equipment Insurance
Tools & Equipment

Upgrade your general liability coverage to protect any gear that’s stolen, damaged or lost.

Commercial Property Insurance
Commercial Property

Keep your building, inventory and equipment protected from fire or water damage.

Business Owner’s Policy Insurance
Business Owner’s Policy

Combine general liability and commercial property into one policy to protect your business.

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* To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.
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Issuance of coverage is subject to underwriting. Not available in all states. Please see the policy for full terms, conditions and exclusions. Coverage examples are for illustrative purposes only. Your policy documents govern, terms and exclusions apply. Coverage is dependent on actual facts and circumstances giving rise to a claim. Next Insurance, Inc. and/or its affiliates is an insurance agency licensed to sell certain insurance products and may receive compensation from insurance companies for such sales. Policy obligations are the sole responsibility of the issuing insurance company. Refer to Legal Notices section for additional information.