About 60% of home-based businesses aren't covered by adequate business insurance, according to the Independent Insurance Agents & Brokers of America. A rider on the homeowner's or renter's policy, in-home business policy and a business owner's policy are must-haves to protect yourself and your business, say experts, including NFIB's Rebekah Marshall. The business owner's policy covers owners who need to be insured for more than $10,000 and "is an investment in the business you should make if you're serious about what you're doing," Marshall explained.

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