These days, many Americans are working from home. They've started their own home businesses and are enjoying the freedom from a boss, the flexibility of the hours, and the savings on gas costs. Having a home business definitely has its perks; however, having a home business means that you are in charge – of everything. You are in charge of payroll (even if you're the only one getting paid, you still have to make sure your clients are paying you!), you are in charge of production (even if you're the only one working, you have to keep yourself motivated!), and you are in charge of your insurance.

Many home business owners spend a great deal of time finding individual health insurance policies; even though we are our own employers, we can't exactly offer ourselves a health benefits package. At the same time, many home business owners are forgetting about purchasing insurance for their home businesses.

If you have your own home business, you shouldn't rely solely on your homeowner's insurance policy to repair or replace the damages to your home business caused by fires, theft, or any other disaster. Many homeowner's insurance policies do cover up to a certain amount, but this amount isn't always what it takes to get your home business up and running again, and if you're without your home business you're likely without your paycheck.

Depending on your home business and the insurance company from which you purchase your insurance, you have three main options. You can add an endorsement onto your current homeowner's insurance policy, you can purchase an in-home business policy, or you can purchase a busniessowner's policy.

Each of these policies is specialized for the size and type of home business you have. If you haven't yet insured your home business, or are relying solely on your homeowner's insurance policy, contact an insurance agent to discuss how you can best insure your home business.