You may be wondering why corporations establish executive protection programs for their CEOs and other top executives. The question is fair enough, since corporate executive protection is a relatively new phenomenon for many companies, and by its very nature, not something that people outside the boardroom, C-suite or our industry discuss much in public.
The CEO, as well as other top executives, of a company are often well-known because of coverage in the media. These executives are often the lifeblood of their companies. If anything were to happen to them, it could affect the entire company and all of its employees.
Well-known CEOs and other executives face the same kind of threats that celebrities often face. Overeager admirers, unhappy individuals who disagree with the company’s policies on controversial issues, or others that wish to steal company secrets are all potential risks to a CEO, other executives, and even their families.
That’s why an increasing number of Fortune 500 companies, and even smaller, more regional companies, are recognizing the need for executive protection programs. These programs anticipate and plan for all the potential dangers a CEO or other top executive might face whether it’s at corporate headquarters, during a business trip, or even at their own home.
Your Company’s Executive Protection Plan
It is interesting to note that while few companies would admit to not having a marketing or HR plan, many have never thought about implementing a corporate executive protection plan.
Whether it’s implied or written out, every company already has an executive protection plan. The difference is that smart companies base their plans on a proactive process of risk analysis and mitigation, corporate culture, and personal preferences. Other companies are more likely to simply react to a threat, employing a wait-and-see strategy that only changes when circumstances demand.
Proactive protection programs are founded on risk analysis and mitigation of risk to acceptable levels. First, the full spectrum of threats and vulnerabilities needs to be understood. Then, it’s important to assess the impact of the losses the company would suffer should these threats actually come through. Only then can measures be taken to mitigate risks.
Strong executive protection plans are also based on the company culture and the personal preferences of those being protected. Without this consideration, the plan is less likely to take root and become effective.
Getting Started on an Executive Protection Plan
Now that you know what executive protection is and why it is important, you’ll want to make sure you have an executive protection plan for your own company. While there are many factors to consider when writing it, these are some of the most important:
- Who needs to be protected?
- When do they need protection?
- Where do they need protection?
- What kinds and levels of protection do they need?
Once you are able to answer these questions, you’ll need to determine a procurement strategy. What sort of technology and manpower do you need to fulfill the requirements of the plan? Will you hire security professionals internally or will you outsource the entire operation?
If you’re ready to outsource your executive protection needs, contact us today!
Assured Protection has supplied personal protection for CEOs and other company executives for more than two decades. Our personal protection professionals are trained in-house by our founder who has close to 30 years of experience in the military and law enforcement.
We provide a variety of level of personal protection – including armed security professionals and off-duty police. Our employees are fully background checked and, in the case of armed security, they are fully licensed and sponsored by Assured Protection. For more information, give us a call at 443-281-8391 today!