Workers Comp Insurance for Self-Employed

[peggysioux5]

If self-employed taxpayer has no employees and has workman's comp insurance covering himself, would the expense be deductible business expense on Schedule C?  Or would it not be deductible being the workman's comp benefit would not be taxable?  Taxpayer is a sub-contractor and is required to carry workman's comp insurance by general contractor. 

Peggy Sioux

[Lee B]

Yes it's deductible, Oregon has a law requiring everyone on a construction site to be covered by Workers Compensation Insurance, so every time one of my clients 

has a comp audit the auditor is looking for subcontractors and proof that the subcontractors have comp insurance, otherwise the General Contractor is assessed for

premium to cover any sub that can't prove they have insurance.