#insurance
Track insurance costs, premiums, and coverage details
A US contractor license bond protects the public and costs 1–3% a year; a bid bond protects one project owner and will never satisfy a state licensing board.
Pay-as-you-go workers' comp bills each payroll on actual wages instead of estimates — no big deposit, smaller audit surprises, smoother cash flow.
Tech E&O insurance pays your legal defense and damages when buggy code, bad advice, or missed deadlines cost a client money — solo policies run $60–$110/month.
Ohio, North Dakota, Washington, and Wyoming bar private workers' comp, and the state fund sells Part One only — stop-gap coverage closes the liability hole.
Pool rental income is taxable even without a 1099-K, and your US homeowners policy likely excludes paying guests — check IRS rules, coverage, and permits first.
A US sailing school's keelboat becomes an uninspected passenger vessel once students pay: defer course revenue, cost each hull, line-item USCG compliance.
Turo hosting is Schedule C self-employment income, not Schedule E rent — 15.3% SE tax, a gross 1099-K, and an IRS mileage rate that changed midyear 2026.
The average small business liability claim now costs $97,200, while $1M/$2M product liability coverage averages about $1,192 a year. What the policy pays, who in the distribution chain can be sued, and five mistakes that leave sellers exposed.
Business casualty and theft losses skip the $100 and 10%-of-AGI floors, but are capped at adjusted basis, not replacement cost. How to measure the loss, handle insurance timing, and use the Section 165(i) prior-year election.
A life settlement payout splits into three slices — basis tax-free, gain up to cash surrender value as ordinary income, the rest as capital gain. Here is how a business reports it, plus Forms 1099-LS, 1099-SB, 8925 and Section 101(j).
22% of U.S. organizations now offer pet insurance, up from 14% in 2022, and under the voluntary model it costs the employer nothing in premiums. How the three program models differ, what employees pay (about $43/month for dogs, $23 for cats), why the deduction must be post-tax, and the four DOL conditions that keep the benefit outside ERISA.
A rage room sells the destruction of its own inventory, so session revenue means nothing without a cost per smash. This guide covers revenue by package tier, standard-cost breakable COGS, e-waste disposal rules, workers comp classification, waivers versus insurance, and the 2026 Section 179 limit of $2.56 million for buildout and equipment.
