Is my work laptop insured?
Is my work laptop insured?
Most employers will have your work laptop and phone covered under their business insurance policy. There have been occasions, though, where companies have asked individuals to claim on their home contents cover for damage to work equipment. Oct 1, 2020
What is business pursuits liability insurance?
Business pursuit’s endorsement is a homeowner’s policy endorsement that provides liability coverage for a business conducted away from the residence premises. This endorsement provides coverage for an insured person who is employee of somebody else.
What is a non incidental business?
Non-incidental items are those for which a record of consumption or inventory is kept and can include items such as spare parts and inventory items for small businesses. Mar 20, 2014
Which of the following homeowners coverage does not have a deductible?
Which of the following homeowners coverage does not have a deductible? Damage to property of Others is an Additional Coverage under Section II, which is not subject to a deductible. A guest falls in K’s house and is injured in an amount of $1,000.
Can a small business expense inventory?
Most small businesses use the cash method for simplicity. Businesses with inventory, however, were generally required to account for the inventory on an accrual basis. What this means is that you could only deduct the cost of the inventory when you sold inventory, not when you purchased it.
