In this video, Dan offers advice on how life insurance will change how CEOs view and handle business risk, transition, succession, and wealth.
- One of the most traumatic events…that can happen to any company is the loss…of any member of its leadership team.…Losing the CEO or any other key executive…has both a huge emotional and financial impact.…Because of the volatility of 21st-century business,…it's more important than ever…to make sure that the CEO, executives,…and key leaders are adequately covered by life insurance…to protect organizational wealth.…Life insurance can be viewed as a downer.…
Nobody enjoys discussing their own mortality.…However, if viewed as the loss of a critical business asset,…the conversation can and should change.…Take a close look at your company organizational chart.…What would happen if the CEO suddenly died?…Putting aside the emotional impact for now,…answer these questions.…What duties must be immediately delegated,…and to whom will they go?…Are those individuals prepared to add work…to their already full plate?…If not, will they have to reduce their workflow…by delegating duties down the line?…What kind of communications will be needed…
- Recall the detrimental effects a BOT attack can have on a company’s customer database.
- Recognize which individuals companies frequently fail to include in mid-crisis actions.
- Determine how Google Alerts can help a company protect itself against threats.
- Identify a threat that is least likely to cause a company financial harm.
- Define “culture shock” in the context of business operations.
- Name a type of leader that often uses their position for personal prestige rather than performing their roles.
- Predict what will happen with business insurance as technology evolves.