Yes, provided you use a reputable password manager and secure the account properly. Password managers encrypt your stored passwords so they are much safer than reusing passwords, keeping them in a document or relying on your browser alone. Use a strong master password and turn on two-factor authentication where available.

This depends on the provider. Some offer account recovery options, recovery codes or administrator recovery for business accounts. Others deliberately cannot recover your master password because they do not have access to it. When you first set up your account, save any recovery information somewhere secure.

Yes. Most password managers have apps for iPhone and Android and can securely sync your passwords across your phone, computer and other devices. They can also fill in usernames and passwords automatically in apps and websites.

There is no single best option for every business. Look at how many people need access, whether passwords need to be shared securely, administrator controls, two-factor authentication, device support and cost. Bitwarden, 1Password, NordPass and similar business-focused services are worth comparing before choosing.