There’s been a surge in new home-based businesses during the pandemic, but many aren’t covered by insurance, according to a new study by AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited.

With more than 15 million home-based businesses in the U.S. spanning almost every industry, there is no “typical” home-based business, AXIS found. Among those surveyed, the top 5 sectors were e-commerce & home crafts (24 percent); professional services including consulting (16 percent); construction (10 percent); IT & technical services (9 percent); food & beverage (8 percent).

“If you can imagine an industry, it’s probably already up and running as a home-based business,” said Jill Bryant, head of Small Specialty Commercial at AXIS Insurance, in a statement.

AXIS commissioned a poll of 1,000 business owners across the U.S. for its first Home-Based Business Survey, which revealed a sizable insurance gap. While 91 percent of business owners surveyed recognized that they need insurance, 44 percent either don’t have any coverage or don’t know what’s covered by their policy. More than a third (37 percent) said they don’t feel confident about where to look for a home-based business insurance policy.

“Running a business from home presents risks that are not necessarily covered in a standard insurance policy designed for small businesses,” noted Bryant. “For example, while the home is at the heart of these businesses, 49 percent of respondents spend up to half of their time working away from the home, so they need insurance that goes with them. And, equally, those owners who have built their businesses out of a hobby or a side hustle may not have considered that business risks—from professional liability to crime risk—are unlikely to be covered under their home insurance policy.”