Is Your Side Hustle Putting You at Risk? What You Need to Know About Business Insurance

With the rise of freelancing and gig work, many entrepreneurs are unknowingly exposed to financial risk. If you have a side hustle—whether it's selling products online, consulting, or renting out property—you may need business insurance.

Why Your Personal Insurance Isn’t Enough
Home and auto policies usually exclude business activities. If a client sues you or your inventory gets damaged, you could be paying out of pocket.

What Type of Coverage Do You Need?

• General Liability Insurance: Protects against lawsuits for injuries or property damage.

• Professional Liability Insurance: Covers errors or negligence claims.

• Business Property Insurance: Safeguards inventory and equipment.

• Commercial Auto Insurance: Essential if you use your car for business.

Don’t Wait Until It’s Too Late
Many small business owners assume they don’t need coverage—until a claim arises. Protect your growing business now before an unexpected incident sets you back.

Sources: U.S. Small Business Administration , National Federation of Independent Business