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The IRS lists (in Pub. 535) the following as generally accepted premium deductions:
* Credit insurance that covers losses from business bad debts.
* Group hospitalization and medical insurance for employees, including long-term care insurance.
* Liability insurance.
* Malpractice insurance that covers your personal liability for professional negligence resulting in injury or damage to patients or clients.
* Workers' compensation insurance set by state law that covers any claims for bodily injuries or job-related diseases suffered by employees in your business, regardless of fault.
* Contributions to a state unemployment insurance fund are deductible as taxes if they are considered taxes under state law.
* Overhead insurance that pays for business overhead expenses you have during long periods of disability caused by your injury or sickness.
* Car and other vehicle insurance that covers vehicles used in your business for liability, damages, and other losses. NOTE: Only if you use the actual cost method of figuring automobile expense - if you take the mileage deduction this is not applicable.
* Life insurance covering your officers and employees if you are not directly or indirectly a beneficiary under the contract.
* Business interruption insurance that pays for lost profits if your business is shut down due to a fire or other cause.
Contributions to a state unemployment insurance fund are deductible as taxes if they are considered taxes under state law. Source
And according to most sane economist, she is absolutely right. For every 1 dollar spent on unemployment it generates $1.61 back into the economy. For Food Stamps, every dollar yields $1.71 back into the economy. These are highly stimulating programs.