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Also known as small business liability insurance or commercial liability insurance, this policy covers the costs associated with claims made by others. ... while higher deductibles will reduce ...
Insurance premiums. If you pay for health insurance, business insurance, commercial auto insurance, or workers' compensation coverage, your insurance premiums are often deductible through your ...
In an insurance policy, the deductible (in British English, the excess) is the amount paid out of pocket by the policy holder before an insurance provider will pay any expenses. [1] In general usage, the term deductible may be used to describe one of several types of clauses that are used by insurance companies as a threshold for policy payments.
Long-term care insurance is also deductible, although there are limits based on your age. ... This includes everything from liability and workers’ compensation insurance to fire, theft, flood ...
Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.
Prior to the Act, insurance companies were taxed on their income in a very similar manner as other corporations. However, Section 831(b) changed this by allowing small insurance companies with annual premiums of $1.2 million or less (a figure that has since been adjusted for inflation) to opt for an alternative tax calculation.
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