Think about the employees that work at your company. If your administrative assistant was suddenly gone, or whoever handles your commercial lines contracted a serious disease, would someone know how to do cover every key aspect of that employee's role at your company?

There are ways to address these issues, especially at larger agencies. If you have two employees working on the same segment of commercial insurance, you will probably be okay if one of them leaves. The remaining employee can teach a replacement what to do.

Read related: “Modeling Best-Practice Behavior.”

If an agency is part of a well-connected network, that also makes the problem smaller. If your expert in such-and-such aspect of insurance is out, but you know just whom to call, you should be in decent shape. And if you have an office manager who has a good grasp of what everyone is doing, then all the better.

Certainly, many insurance providers offer online training to new hires, or employees who are moving into a new role in the agency. The documents and other learning items that are provided can help offset the loss of an employee.

Also, doing a good job when interviewing candidates is critical. If you ask the right questions, you can have a better idea of whether a person wants to stay with your company for a long time, or if they plan to use your company as a temporary stop.

When those remedies don't work

These responses to employee turnover can be very helpful. However, there are two circumstances in which these methods aren't enough:

• When the agency is small, without much overlap in job duties
• When key employees have work processes that are not covered in generic training.

It's great to have multiple people covering the same area of your business. But what if you just have one person doing commercial insurance? If someone has to fill in for them, will the replacement know the steps to take to get their work done? Will they know exactly whom to call for help?

And what about your key, high-ranking employees? They are responsible for tasks that are not covered in any generic insurance training. If another employee steps in after they leave, will the new employee know about those unique tasks, and how to complete them?

Read related: “R&O Consultants: Quality Control.”

How to make sure you have the right information

There are ways to fill in these gaps, and to prevent so much information from leaving your business. Think of it as taking out an insurance policy on your company. If there is a problem (and there always is), you will be better prepared if you follow these steps:

1. Identify your critical business information. Spend some time brainstorming your most critical processes. During a given week, or year, what has to happen to make your business go? What information is in the head of just one employee?
2. Plan to capture the information. Once you know the information you need to capture, you should prepare your resources. Make sure that your key employees know that they need to devote time to developing this new “insurance policy.” You should also make sure that your employees aren't afraid of being replaced. Really, you think they are extremely important. So important that you're trying to reduce the risk that would come if they walked away.
3. Get it written up. If someone in your company has a good sense of your needs, and how to get everything written down and distributed, have that person get the information together. Otherwise, look for outside help from someone trained to capture the information that is critical to your business.
4. Update the documents periodically. Businesses are always changing, and you will need to update the documents on a regular basis. The intervals for reviews may vary, depending on how much your key business tasks change in a given year.

If you follow these steps, you will be much better prepared should you lose a key employee, or if you need to train an employee on a particular aspect of your business.