Yes - Professional liability insurance is a business expense for a 1099-MISC contractor.
To enter liability insurance expense for your business, please follow these steps:
- Click on Income and Expenses and then click the Start/Revisit box in the Self-Employment section.
- On the Here's your [business] info screen, click on the box Add expenses for this work.
- On the Tell us about any expenses screen, scroll down through the categories, mark the radio button next to Business insurance and click Continue at the bottom of the screen.
- Enter the description and amount on the next screen.
- After entering information on that expense, you will be returned to the Expenses screen so you can select another expense category.
