Generally, business insurance premiums are tax-deductible expenses. This means that if you own a business and you pay for insurance to protect your business, you can typically claim a tax deduction for the amount you pay in premiums. However, the specific rules for deducting business insurance premiums can vary depending on the type of insurance and the nature of your business, so it’s always a good idea to consult with a tax professional or refer to IRS guidelines for more information.
Why Fortis?
As an independent insurance agency invested in and committed to improving the customer experience, Fortis Insurance Partners is making it quick, easy, and affordable to get the right insurance coverage.
The information on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined following a claim investigation.
