The National Directory of Certified Public Accountants

Ask A CPA - Insurance

Insurance Payments Made For Embezzlement - Deductible?

Insurance policy premiums paid for the protection of your business covering situations such as embezzlement, burglary, accident, fire, storm, theft, workman's compensation, and public liability, are business expenses and are deductible.

If you need professional help with "Insurance" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.