For a small company using LastPass Teams (which I assume is the primary focus of that offering), it is critical for a trusted colleague to have access to my credentials in the case of an emergency, if I ever were unable to perform my function as President/CEO. I was hoping LastPass Teams would offer a similar "Emergency Access" feature as is available under the LastPass Personal and Family tiers. Putting all my "executive passwords" in a shared folder that a trusted colleague could access 24/7 isn't a viable workaround.
As I think about your larger customers who use LastPass Enterprise, I assume they also don't have this feature. As a general rule, I would expect a CEO to want their COO to be able to get emergency access to credentials that are otherwise kept private to a CEO.