Is commercial property insurance tax-deductible?

Generally, yes. Premiums are considered a business expense and can be deducted from your taxable income.

Yes, commercial property insurance premiums are generally tax-deductible as a business expense. Consult a tax professional for guidance.

An accountant deducts their commercial property insurance premiums as a business expense, reducing taxable income.

Reassess your coverage needs annually to ensure your policy evolves with your business operations and risks.