globalmarketingtoday.net has been informing visitors about topics such as Global Marketing, Global Marketing Strategy and Brand Marketing Strategy. Join thousands of satisfied visitors who discovered Socialmedia Marketing, Business and Marketing and Advertising a Business. This domain may be for sale!
There are generally no deductibles for the liability portion of a homeowners or auto insurance policy. Instead, the deductibles apply to property damage. So, on in an auto policy, there is a deductible for the optional comprehensive or collision coverage, but not for the liability portion.
You can deduct employee expenses as well (as long as your employer didn't reimburse you for them), the cost of insurance to your business, and health insurance premiums if you are self-employed. The cost of personal liability insurance, in most cases, is not deductible. Liability insurance protects you from claims for accidents on your property or injuries caused by you or a member of your family (or your pet). It may also cover damages caused by your negligence in operating a vehicle. Most people don't carry personal liability coverage with a separate policy.