It depends on several factors. Generally, standard home insurance policies may provide limited coverage for business property stored in your home, but more is needed to cover all business-related materials. Personal property coverage may cover up to $2,500 in business property for on-premises business-related losses and $250 to $500 for off-premises losses. However, if you run a daycare, hair salon, or consulting business out of your home, you may need additional coverage beyond what homeowners insurance provides.