У меня есть базовая настройка:
.container {
border:1px solid green;
}
<div class="container">
<div class="parent">
Hello world! I don't want to overlap with the image. Hello world! I don't want to overlap with the image. Hello world! I don't want to overlap with the image.
</div>
<div class="parent">
<div class="child">
<img src="http://i.imgur.com/sQSbV8o.jpg" width="200" height="200">
</div>
</div>
</div>