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All expenses > Professional insurance
Professional insurance
Tax audit risk
Easiness to justifyFrequency1x per year
Easiness to justifyFrequency1x per year
Deducted by95% of independentsDo you deduct this expense?Would you recommend this expense?
Insurances that you take out for your business are always deductible.
You can deduct your subscriptions to all the insurance you need for your professional activity. This is one more reason to contract it: you recover between 30 & 50% of the net amount through taxes.
Be careful, there is no VAT impact for insurance: these products are invoiced without value added tax.
📝 The most well-known professional insurances are: professional liability insurance (which protects your civil liability), guaranteed income insurance (which protects your income in the event of incapacity to work) and legal protection insurance (which protects you in the event of a legal process).
However, there are other types of professional insurance, often specific to your profession: this list is not exclusive or exhaustive.
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