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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

Conducting Business Operations Reviews

Gordon O’Neill Gordon O’Neill , 1/7/2015
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OLYMPUS DIGITAL CAMERAWhen it comes to making sure that your company is in 'good health,' it is imperative that you undergo regular business operational reviews. In fact, during these assessments, you will want to look closely at your property and casualty insurance policy. If you don't have one, then you'll definitely want to consider purchasing one as this is pertinent in making sure your intangible and tangible assets are protected, including any of the following:
  • Accounts-receivable
  • Money
  • Securities
  • Machinery
  • Inventory
  • Supplies
  • Furniture
Tips for Conducting    You can perform your own business operations reviews, or you can have a professional insurance agent conduct them for you. Most times, it's best to let a third-party perform the reviews -- one who does not work for the insurance company you are purchasing property and casualty insurance through; this helps ensure no biased reviews are being conducted.   During the review, the entirety of your financial operations will be evaluated. You'll also have to provide all information relating to your inventory, vendors, distributors, etc. By reviewing this information, it becomes possible to determine the exact type of property and casualty insurance policy that your company will most benefit from.   If your company has downsized, then you will likely want to downsize your insurance policy as well because you won't need such extensive coverage. On the other side of the fence, if your business has grown, then you probably need to purchase more coverage.   The most important thing to keep in mind is that property and casualty insurance is of the utmost importance in making sure that your business is protected from loss, theft and other valid claims.