What if something happens to you as agency owner?

Do you have a plan for what others should do if you should suddenly become unavailable due to illness, accident, or even death?

It’s not a fun thing to think about, but it is important to think ahead and make sure that you have at least a few essential steps in place for handling these unexpected events.

Chip and Gini tackle this topic, and while they encourage you to keep it simple they do walk you through some things that you should be considering in a “hit by a bus” plan for yourself that will set you, your team, and your loved ones up for an easier time.

Key takeaways

* Gini Dietrich: “Insurance, disability, long-term, short term, life, all those things you need to be thinking about for when, because it’s not IF, it’s WHEN something happens.”

* Chip Griffin: “The more transparent you are in general, the better, because people pick up on things and if you kind of start disappearing, they will fill in the gap of knowledge by making stuff up.”

* Gini Dietrich: “We don’t worry about crisis planning insurance until we need it, and then that’s too late. So be thinking about those things right now.”

* Chip Griffin: “Clients have real issues when the owner disappears from an equation if the owner is deeply involved, but they don’t have the same reaction when it’s an employee or contractor.”

Recommended

* Every agency owner should have a “hit by a bus” plan

* Escaping your agency for a day, a week, a month, or more

View Transcript

The following is a computer-generated transcript. Please listen to the audio to confirm accuracy.

Chip Griffin: Hello, and welcome to another episode of the Agency Leadership Podcast. I’m Chip Griffin.

Gini Dietrich: And I’m Gini Dietrich.

Chip Griffin: And Gini, today I’m gonna hit you with a bus. Drive right over you.

Gini Dietrich: Oh, well, great. Can’t wait.

Chip Griffin: I hope you’re ready.

Gini Dietrich: Oh, I, I’m ready.

Chip Griffin: Right after this.

Oh, I, I won’t do that. That would be –

Gini Dietrich: Hopefully you don’t actually hit me with the bus.

Chip Griffin: Hopefully, hopefully not. I mean, that would be mean. And also, I mean, this is like a highlight of my week to get to record this podcast. So I, I’d lose that.

Gini Dietrich: And you’d have to find a new co-host. That would be really terrible.

Chip Griffin: Or I’d just talk to myself for…

Gini Dietrich: you could do that too.

Chip Griffin: 20 minutes. I could do that too, but that’s, it’s probably not as much fun. so. Yeah, well, you never know. You just, you you don’t know. So , today we are, we are talking about being hit by a bus. It’s not a fun topic. It is, it is though, I think an important topic because a lot of agency owners haven’t given any thought to what happens if something happens to them.

Yes. And and, and I would also say, while we’re gonna be talking about this in t...