Cybersecurity insurance:

[roseline371274]

Professional liability insurance: This covers professionals against loss due to negligent professional duty, wrongful acts, and advice and services that lead to another person's loss or injury. This can consist of errors and omissions (E&O) coverage and/or malpractice insurance (for healthcare professionals).
 This provides protection for risks due to internet use and online communications.


Workers' compensation insurance: This is set by state law that covers any new zealand phone number search workers' comp claims for bodily injuries or job-related diseases that employees of your business incur, regardless of fault.If a partnership pays workers' compensation premiums for its partners, it generally can deduct them as guaranteed payments to partners.
If an S corporation pays workers' compensation premiums for its over-2% shareholder-employees, it generally can deduct them, but it also must include them in the shareholder's wages.
Health insurance: This provides medical coverage for your employees. If your business operates on a cash basis, you may only deduct insurance premium payments applicable to that year. For premiums paid quarterly in 2021, you may only deduct that portion of the premium of the quarterly premiums paid during 2021, for example, under the cash accounting method (see accounting methods discussed below, under "How can a business deduct premiums?").


Life insurance: This covers your officers and employees if you aren't a direct or indirect beneficiary under the contract.


Car insurance: If you use a car exclusively for your business, you can deduct the car insurance premiums and expenses that go beyond your deductible.


Commercial surety bonds: These are used within professional industries to meet certain obligations, such as obtaining licenses required for your business (a real estate or mortgage broker license, for example).


Builder's risk insurance or construction bonds: This protects businesses like construction companies and contractors who are insured against financial losses arising from the course of construction.


State unemployment benefit contributions: Contributions to a state unemployment insurance fund are deductible if they are considered taxes under state law.


Performance bonds or fidelity bonds: This includes fidelity bond coverage for employee theft and performance bonds for construction contracts.


Home insurance: If you have a home-based business, and you use your home office space exclusively and regularly for your trade or business, you may be able to deduct a portion of the property insurance on your home.