Business Insurance
Liability insurance, equipment insurance, and business coverage.
Tax Form
Schedule C, Line 15
Estimated Savings
$200-2,000/year
Income Level
How It Works
Business insurance premiums are fully deductible. For content creators, this includes general liability insurance, professional liability (errors & omissions), equipment insurance, and cyber liability insurance. Insurance protects your business assets and income.
IRS Rules & Requirements
- Business insurance premiums are fully deductible
- Cannot deduct personal insurance on Schedule C
- Equipment/gear insurance qualifies
- Liability insurance for business activities qualifies
- Health insurance is deducted separately (not on Schedule C)
Real Examples
General liability insurance at $500/year = fully deductible
Equipment insurance for camera gear at $300/year = fully deductible
Professional liability insurance at $600/year = fully deductible
Common Mistakes to Avoid
- Confusing business insurance with health insurance deduction
- Not getting business insurance (leaving yourself exposed)
- Forgetting to deduct equipment rider on homeowner's policy
Pro Tip
Many venues and brands require proof of liability insurance before working with you. Getting insured can open doors to more opportunities.
Related Deductions
Not sure if you qualify?
Our team reviews your specific situation and finds every deduction you're eligible for. Get a free tax review today.
Get Your Free Tax Review