I think this recent question (also here) has a quick answer if the conjecture below is true.
It looks "obviously" true, but I've learned to distrust my judgement in such matters. It also looks as if it should have an "obvious" proof, but I'm having no ideas.
Definitions
Let $[a, b]$ be any compact interval in $\mathbb{R}$. For any continuous function $\gamma \colon [a, b] \to \mathbb{C}$, denote the connected, compact set of points $\{\gamma(t) : a \leqslant t \leqslant b\}$ by $[\gamma]$. Define $r(t) = |\gamma(t)|$ ($a \leqslant t \leqslant b$). By Theorem 7.2.1 of A. F. Beardon, Complex Analysis (Wiley, Chichester 1979), there exists a branch of $\operatorname{Arg}\gamma$ on $[a, b]$, i.e. a continuous function $\theta \colon [a, b] \to \mathbb{R}$ such that $\gamma(t) = r(t)e^{i\theta(t)}$ ($a \leqslant t \leqslant b$). Quoting from the same reference:
Definition 7.2.1 Let $\gamma \colon [a, b] \to \mathbb{C}$ be any curve and suppose that $w \notin [\gamma]$. We define the index $n(\gamma, w)$ of $\gamma$ about $w$ by $$ n(\gamma, w) = \frac{\theta(b) - \theta(a)}{2\pi}, $$ where $\theta$ is any branch of $\operatorname{Arg}(\gamma - w)$ on $[a, b]$. If $\gamma$ is closed then $n(\gamma, w)$ is an integer.
The index $n(\gamma, w)$ is sometimes called the winding number of $\gamma$ about $w$, for it represents the number of times that a point $z$ moves around $w$ as it moves from $\gamma(a)$ to $\gamma(b)$ along $\gamma$. [...]
The index can be used to clarify the difficult question of what is meant by the 'inside' and 'outside' of a closed curve $\gamma$. We shall say
(a) that $z$ is inside $\gamma$ if $z \notin [\gamma]$ and $n(\gamma, z) \ne 0$,
(b) that $z$ is on $\gamma$ if $z \in [\gamma]$, and
(c) that $z$ is outside $\gamma$ if $z \notin [\gamma]$ and $n(\gamma, z) = 0$.
[...] Observe that [...] the outside of $\gamma$, say $O(\gamma)$, is the union of those components of $\mathbb{C} \setminus [\gamma]$ on which the index is zero. Thus $O(\gamma)$ is an open set. Further [...] $O(\gamma)$ contains the complement of some closed disc. If we denote the inside of $\gamma$ by $I(\gamma)$, then $$ \mathbb{C} \setminus O(\gamma) = [\gamma] \cup I(\gamma), $$ and so the set of points which lie inside or on $\gamma$ is a compact set.
Conjecture
For closed curves $\sigma$ and $\tau$, if $[\sigma] \subset O(\tau)$ and $[\tau] \subset O(\sigma)$, then $I(\sigma) \subset O(\tau)$.
Because the premise $[\tau] \subset O(\sigma)$ implies $I(\sigma) \cap [\tau] = \emptyset$, the conclusion can be expressed symmetrically as $I(\sigma) \cap I(\tau) = \emptyset$ - whence the title of the question.