ERGO NEXT reports that business insurance premiums can be tax-deductible, depending on their classification by the IRS.

Editor’s note: The companion article, “What to Know When Your Client Is Considering Employee Ownership” explores how CPAs can advise clients interested in changing their company’s ownership model.

General liability insurance protects businesses against claims that they’ve harmed someone or their property. Many, or all, of the products featured on this page are from our advertising partners who ...