I recently was talking to a small business advisor regarding combating risk associated with something happening to the CEO. In a single founder organization es

I recently was talking to a small business advisor regarding combating risk associated with something happening to the CEO. In a single founder organization especially at early stages a broken leg or better yet broke arm can really freeze up production. Its so important for companies to have plans in place for the death or unavailability of a partner, ie. Life insurance buyouts for the partners estate. With a single founder if the plan for implementation isn't documented and/or if the technical capabilities are the sole responsibility of the sole founder an accident could equal the death of a company.