In this Australian Business Podcast episode, your host Owen Rask talks with Skye Private's Phil Thompson about getting insurance for business owners and sole traders. They cover:

Why you should insure yourself
Key types of insurance for business owners
Structuring of life insurance
Other insurances for business owners
Tax consequences of insurance
Buy-sell agreements and insurance policies
Phil's business - Skye Private

If you like this Australian Business Podcast episode on life insurance for business owners, you'll love our series. Don't forget to subscribe for weekly shows on Apple, Spotify, YouTube, or wherever you get your podcasts!

Follow us on Instagram and TikTok for more investing insights.

Topics Covered

Welcome & introduction
Why insurance matters for business owners
General insurance vs personal cover
Understanding Sky vs Sky Private
How income protection works for business owners
Life & TPD insurance explained
Key person insurance for founders
Trauma & child's cover basics
What is buy-sell insurance?
Business structuring & ownership of policies
Real-world examples of insurance gaps
How to work with Sky Private
Final thoughts & where to get help

Resources for this episode

📄 Learn more about life insurance:

Life insurance checklist: https://www.raskmedia.com.au/wp-content/uploads/2024/09/Insurance-checkpoints-with-Skye-RASK.pdf

Book a call with Skye: https://www.raskmedia.com.au/life-insurance

Our outsourcing partner: Flexisource IT https://flexisourceit.com.au

~~ Rask resources ~~

🔗 Explore all Rask services - https://bit.ly/R-services

📋 Learn about Rask Financial Planning - https://bit.ly/R-plan

📈 Start investing with Rask - https://bit.ly/R-invest

📜 Access Show Notes - https://bit.ly/R-notes

❓ Ask a question - just select the Finance Podcast - https://bit.ly/R-quest

📲 Follow us on social media:

Instagram: @rask.invest - https://www.instagram.com/rask.invest/

TikTok: @rask.invest - https://www.tiktok.com/@rask.invest

DISCLAIMER

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs before acting on it.

If you’re unsure, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance.

The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG) - https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices

Make Coding Great Again | CR 214