Tapping is a simple but slow process. Remember to add oil, then turn the tap 1/4 turn, stop, and then turn back; this frees the chips and stops them from cutting into the new threads you are cutting. Repeat till done.
You might consider draining the oil, taking off the side covers, then tapping. That would be the safest procedure Remove the tap regularly and blow out the chips. When you are done you can wipe out any loose chips, then reassemble and reinstall the covers and gasket and add gear oil back in.
You could of course try to find the next size larger bolt instead of using a helicoil with the existing bolt.
You can stuff a rag into tthe gearbox around the hole to keep the chips contained as you work.
Lastly, if this is something you don't have time for right away, keep in mind that this bolt is under no strain, and you could easily loctite it or silicone it into place until you have time to make the repair.