Unquoting Insurance Company

Do I Need Business Insurance for My Side Hustle?

In today’s gig economy, more people than ever are turning their passions and skills into side hustles. Whether you’re freelancing, selling handmade crafts online, driving for a rideshare service, or offering consulting services on the weekends, your side hustle could be more than just extra income—it’s a small business. And like any business, it comes with risks. That’s why business insurance might be a smart investment—even if you’re only working part-time.

What Is Business Insurance?

Business insurance is a broad term that refers to various types of coverage designed to protect your business activities. These policies can help cover financial losses related to accidents, property damage, lawsuits, injuries, or professional mistakes. Even if your side hustle is small, a single incident could result in unexpected costs that could quickly outweigh your earnings.

Do You Really Need It? Key Questions to Ask

• Do clients or customers visit you in person?
  • If you meet clients at your home, a shared workspace, or a pop-up market, you may be liable for accidents or injuries. General liability insurance can protect you in these situations.
• Do you sell a physical product?
  • Product liability insurance is important if there’s any risk your product could cause harm or injury. This is especially true for food, skincare, or handmade goods.
• Do you handle sensitive information?
  • If your side hustle involves collecting customer data, you could be a target for cyberattacks. Cyber liability insurance may be a good idea.
• Does your equipment matter?
  • If your side hustle relies on a laptop, camera, or tools, commercial property insurance can help replace or repair them if damaged or stolen.
• Are you offering professional advice or services?
  • Professions like consulting, coaching, or freelance writing might need professional liability (also called errors and omissions) insurance in case a mistake or oversight causes a financial loss for a client.

What About Homeowners or Personal Auto Insurance?

Don’t assume your personal policies will cover your business activities. Many homeowners and auto insurance plans exclude coverage for commercial use. For example, if you get into an accident while delivering food or using your car for rideshare services, your personal auto policy may not cover it. Likewise, if a customer is injured in your home office, your homeowners insurance might deny the claim.

When Is Business Insurance Required?

Some platforms or clients may require you to carry business insurance. For example, vendors at a local market may ask for proof of liability coverage. Freelancers working with corporate clients may also need to show they have professional liability insurance.

Conclusion

Your side hustle is an investment of your time, talent, and money. Business insurance protects that investment—and your peace of mind. While not every side hustle needs full commercial coverage, even a basic general liability policy can go a long way in shielding you from costly surprises.

If you’re unsure where to start, reach out to an insurance professional who understands small business coverage. They can help you evaluate your risks and recommend the right level of protection for your growing hustle.

Ready to protect your side hustle? Contact us today to explore affordable business insurance options tailored to your unique needs.

- Elyse Y. Robinson

Founded in 2025, Unquoting Insurance Company by an experienced insurance professional licensed, our insurance agency specializes in health, life, property, and casualty insurance in all 50 states. Dedicated to personalized solutions, we pride ourselves on excellent customer service. Need help finding the right insurance policy or want a free quote? Contact us today to explore your options and see how much you could save!