Insurance for business owners: everything you need to know

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