What You Don’t Know Can Hurt You
It usually starts with a spark—maybe you’re selling your artwork online, fixing bikes on weekends, or building a tidy little affiliate marketing empire from the kitchen table.
Whatever it is, welcome to the world of side hustles.
At RSM Tasmania, we can help with the small business insurance Tasmania needs, because whatever your side-hustle might be, it can become a place where passion meets profit… and where insurance is often the last thing anyone thinks about.
But here’s the truth of it: if you’re making money from it, you’re running a business, and your home insurance may not cover what you are doing. That means you’ve probably got risks to manage—even if it’s after-hours, from home, or “just a bit of extra income.”
The Home Insurance Trap
Many side hustlers assume their home and contents insurance covers them if something goes wrong. But here’s the catch: most policies don’t cover any business-related activities.
That means if your laptop is stolen and it’s used for your business, or if a client visits your home and trips on the stairs—your home policy may leave you high and dry.
So What Kind of Cover Should You Think About?
That depends on your hustle, but here are a few to keep in mind:
- Public Liability Insurance – Crucial if you’re dealing with people in person. Even one client visit to your home could carry risk.
- Professional Indemnity Insurance – For consultants, coaches, designers, and digital marketers. It’s your safety net if advice or services go sideways.
- Cyber Insurance – For online businesses, especially those using payment portals, collecting data, or promoting affiliate products. One dodgy click could cause major headaches.
- Business Contents Insurance – Covers the equipment you use for the hustle—even if it’s in your home.
- Income Protection – Because side hustlers don’t usually get sick pay or compensation if they’re injured.
What If You’re Still Testing the Waters?
You don’t have to go all in on big business insurance premiums. At RSM Tasmania, we tailor cover to suit your actual risk—not someone else’s.
Whether you’re doing occasional weekend gigs or building your empire one affiliate link at a time, we’ll help you get cover that fits.
You’ve Got the Hustle. We’ve Got the Backup.
The best side hustles grow into something more. Don’t let an unexpected event kill the momentum.
A quick chat with an RSM broker could save you a world of drama later on—and we promise, we won’t make you fill in a 47-page form to do it.
Remember, this article is general in nature and doesn’t take into account your specific objectives, financial situation, or needs. For advice tailored to your circumstances, have a chat with us at RSM Tasmania Insurance Brokers Hobart.
Talk to Roger Hosie and stay ahead with RSM Tasmania’s insights.
Call Now! (03) 6244 7854, or email .
