What happens if a key person passes away or becomes disabled?

When a key person in a business passes away or becomes disabled, the business may indeed struggle to operate effectively. This is because key individuals often hold critical knowledge, skills, or relationships that are vital to the organization's success. Their absence can lead to a disruption in operations, decreased morale among remaining staff, a loss of clients, and potential financial repercussions.

While it is possible that remaining employees could take on some responsibilities in the short term, they may not have the expertise or authority to completely fill the gap left by the key person. Additionally, rehiring a replacement can take time, and the company may face challenges during this transition period. The impact on operations can be significant, especially if the key person's role was central to business strategy, client relationships, or specialized tasks.

Options that suggest immediate fulfillment of the role or minimal impact on operations do not accurately reflect the realities businesses face when losing a key person. Therefore, the potential struggle to maintain effective operations is a valid and important consideration.