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Raley, Watts & O’Neill Insurance

Since 1950, Raley, Watts & O’Neill has been serving the insurance needs of our clients. We started as a one person operation in Lexington Park, MD and are proud of our small town heritage. We have worked hard to maintain the fundamental principles of our roots while we have grown into a company that serves clients throughout the Mid-Atlantic, the United States and Internationally. We pride ourselves on getting it right and taking care of the needs of our clients. We simplify the insurance process and take the time to make sure each of our clients understand their options, what they are buying and where their money goes. Our committed staff has the expertise and extensive experience in a broad range of insurance products and services like Commercial, Personal, Bonding, Safety/Risk Management, Group Health, Life and Financial Services. We would welcome the opportunity to demonstrate to you how working with Raley, Watts & O’Neill is about more than just insurance; it is about a long term relationship. We always strive to never veer from our values – C.A.R.E

Management Liability Insurance: A Necessity for Start-Up and Existing Companies

Gordon O’Neill Gordon O’Neill , 11/5/2014
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Prof Liab.jpegEvery year, thousands of businesses come into existence in the US, and in 2011, entrepreneurs founded more than 7 million new businesses alone, but how do businesses guarantee their survival when general, business practices, management, and accounting begin to falter due to unethical or unknown missteps? The key to a successful business thriving beyond the misgivings of a single legal issue lies in a durable Management Liability Insurance Policy. Few outside of the business world have heard of this insurance, and many small-business owners may have never known this type of insurance exists. Let's take a look a how Management Liability Insurance protects the multi-layered facets of a business and why it should be an absolute necessity in any business.  Management Does Make Mistakes While it would be nice to assume that everyone in the workforce always makes the proper decisions, in reality, many managers make poor decisions that are capable of bringing ruin to any company. Choosing to select on service over another can result in a lawsuit against the business for poor landscaping or unethical business decisions by specific employees.  Employees and Unethical Decisions In the previous years, millions watched as infamous characters--such as Bernie Madoff--made horrible decisions that devasted the lives of families, individuals, and organizations who chose to invest in a certain firm. It appears that the number of Ponzi Schemes only continues to grow, and this poses a risk to businesses. When a financial stakeholder, or investor, makes the decision to invest in a particular company, he gives the business an opportunity to tie his name to the said company, and in so doing, make the investor at-risk to the possible, unethical behavior of employees. However, purchasing Management Liability Insurance guarantees the company's assets, which are effectively those of the investor, against any possible legal action resulting from the actions of employees.  Protect the Company Assets: Financial Stakeholders, Consumers, and Governing Agencies The sole purpose of any business is to provide a product or service that results in expected, positive results for its investors, consumers, and any governing agencies. Management Liability Insurance protects the interests of a company in the event of unforeseen legal situations.