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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

Understanding Nonprofit Professional Liability Insurance

Gordon O’Neill Gordon O’Neill , 10/4/2017
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Professional Liability insurance for nonprofits, also known as Errors & Omissions (E&O) insurance kicks in when your nonprofit is sued for professional negligence. Being sued for professional negligence means your advice or a professional “mistake” caused someone harm. If you are found liable, and you are not carrying nonprofit E&O insurance, well it could be more than your nonprofit can handle. For example, you run a nonprofit helping your community with business skills. You and your volunteers spend their time helping others build a resume, apply for jobs and learn key business programs. One of your volunteers coaches a community member on an interview, which in turn was bad advice and the member didn’t get the job. The community member could sue your nonprofit for negligence or that you failed to perform your duties. Regardless of you or your volunteer’s intention, it’s important to have the proper protection in place in the even that a lawsuit occurs. While you can operate legally without Professional Liability insurance, you will run into some client contracts that will require you to carry E&O. It’s better to have the policy in place sooner rather than later, as most policies have a “claims-made” coverage. This means that your policy must be active when the incident occurred in order to take advantage of your coverage. It’s important to discuss you options with an experience agent, who understands the needs of your nonprofit. The experts here at Raley Watts and O’Neill can craft a customized solution to ensure your nonprofit is protected and continues to bring good to the community.