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 yourselfKey types of insurance for business ownersStructuring of life insuranceOther insurances for business ownersTax consequences of insuranceBuy-sell agreements and insurance policiesPhil's business - Skye Private
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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
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📋 Learn about Rask Financial Planning - https://bit.ly/R-plan
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📜 Access Show Notes - https://bit.ly/R-notes
❓ Ask a question - just select the Finance Podcast - https://bit.ly/R-quest
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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
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