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Your Business Insurance

Frances Said:

Does personal auto insurance not cover you if you have a business sign on your car?

We Answered:

Some insurance companies will not insure business signs such as pizza delivery, or other delivery vehicles, due to the high exposure and high miles. A simple business such as landscaping or appliance repair can be insured as a business or commercial class and will be covered. Check with your insurance company (without giving your name) to see about getting the correct coverage. Good luck!

Jason Said:

Can you include business insurance as part of your Tax Allowable Expenses?

We Answered:

Yes you can deduct business insurance. If the IRS catches your mistakes, then you will have to pay the corrected amount and if they werent a big deal you probably wouldnt have to pay a penalty but you may have to pay interest.

June Said:

If your're a small business owner and have little funds to put into insurance and protection for your company?

We Answered:

you really need both - get a low limit fire and theft and maybe a little lower liability . The company is your future so I can not see how you can not insure your future . I am a believer in insurance as it has saved me 3 times in the last 32 years - most recently Katrina .

Cassandra Said:

is it true that if you put a security system (alarm) in your own business that your insurance (premium)?

We Answered:

yes, always

Brandy Said:

Did your insurance company go out of business yet?

We Answered:

I remember the earth was suppose to stop spinning, and america would be destroyed. It's so ridiculous that even the cons on here realize you are making fun of their pre-healthcare reform fear mongering.

Discuss It!