Can I claim these expenses as deductions for my STR?

A single member LLC may elect to be treated as a disregarded entity on the member's federal income tax return and report income and deductions on Schedule E of the 1040 rather than filing a return separately for the company.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

Cost segregation is a popular tax deferral strategy and there is often confusion as to the difference between bonus depreciation and reclassification.Bonus DepreciationBonus depreciation is a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets, such as washers and dryers, rather than write them off over the "useful life" of that asset.

E and O will almost always settle. and for the agent its usually a 5k deductible at least when I had it for my company that's the way it went.. and then it goes away.  

I would check what your deductible is and ask them if your rates will go up if you submit a claim....?

If our kids go with us and we drive to LA on a Sunday, all of our direct car related expenses are tax deductible even though the kids are in the car including 1/2 of the meals for my wife and I.  

There is a fairly new 20% pass through deduction you may qualify for that could help you, but not everyone qualifies.

Increase deductibles: Raising your deductible can result in lower premiums, but make sure you're comfortable with the potential out-of-pocket expenses in the event of a claim.4.

But, what about all the deductions like depreciation borrowers say?