Can I write off cyber liability insurance?

Cyber liability insurance is deductible as a business expense if it is considered both ordinary and necessary for your trade or business. An ordinary expense is one that is common and accepted in your industry, while a necessary expense is one that is helpful and appropriate for your business. For example, a tech company handling sensitive customer data would likely find cyber liability insurance both ordinary and necessary. However, if the insurance is for personal use or not directly related to business operations, it would not be deductible.