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Paragon Independent Insurance Agencies, Inc

6305 Preston Road #1000
Plano, TX 75024

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Business Insurance Basics: Terms Every Owner Should Know

Posted on by AgentInsure

Navigating the world of business insurance can be daunting, especially for new business owners. Here in Plano, TX, Paragon Independent Insurance Agency aims to simplify this process by breaking down essential terms you need to know to protect your business effectively.

Understanding General Liability Insurance

General liability insurance is a must-have for any business. It covers legal expenses and damages related to accidents, injuries, or negligence claims on your business premises. This protection is crucial in safeguarding your company from unexpected legal battles.

The Importance of Property Insurance

Property insurance covers your business’s physical assets, such as buildings, equipment, and inventory. Whether you face risks like fire, theft, or weather damage, having property insurance ensures you can recover quickly and continue your operations with minimal disruption.

Workers’ Compensation: Protecting Your Team

Workers’ compensation insurance is essential if you have employees. It provides them with benefits if they suffer work-related injuries or illnesses. Moreover, it protects your business from lawsuits related to workplace accidents, fostering a safer work environment.

Professional Liability Insurance Explained

Also known as errors and omissions insurance, professional liability insurance is vital for service-based businesses. It covers claims of negligence or mistakes in the services you provide, helping maintain your business’s reputation and financial stability.

Why Business Interruption Insurance Matters

Business interruption insurance is your safety net during unforeseen events that pause your operations. Whether it’s a natural disaster or another unexpected incident, this coverage helps replace lost income and covers ongoing expenses, ensuring your business can bounce back.

Reach Out to Us to Purchase a Policy

Contact Paragon Independent Insurance Agency in Plano, TX for tailored advice and comprehensive coverage. We’re here to help protect your business every step of the way.

Why You Should Invest in a Carport or Garage For Your Car

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As a car owner, you know that your vehicle is a good investment, and you need to protect that investment by adding a carport or garage. Below are a few reasons you should make that investment sooner rather than later.

Prevent External Damage

One of the most essential benefits of a carport or a garage is the external damage prevention you have on your vehicle. Leaving it in the sun exposed to the elements can damage your vehicle. Your paint can peel, the interior can fade, and you’ll need additional maintenance services you weren’t expecting. A carport will prevent sun damage, but it doesn’t eliminate all weather, like an enclosed garage.

Prevent Theft

If you decide to go with a garage instead of a carport, you can also limit the theft or damage to your vehicle. Keeping your car behind a locked door will make it harder to steal. Having a carport can also help with theft, as it keeps your car in a certain location where you can see it. You can also easily add cameras and motion detectors to alert you if someone comes up on the property.

Improve Property Value

Carports and garages don’t only protect vehicle investments, but they also improve the overall property value of your home. Both of these are desired commodities and will increase your home value significantly by having an option available. Of course, a garage is going to add a higher value, but they also cost more. If you’re looking for something more budget-friendly, a carport is an excellent option and will still improve the home value.

If you’re in the Plano, TX area and looking for a personal auto insurance policy, contact our Paragon Independent Insurance Agency team today for your personal quote.

Carport vs. Garage: Which is Best for You?

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If you’re undecided between a carport or a garage, you’re not alone. This is a common dilemma for many homeowners. You can decide which is right for you based on your answers to the questions below.

Which Offers Better Environmental Protection?

Both a carport and a garage will shelter your vehicle and protect it from sun damage. The biggest difference between the two is the level of shelter they offer. A carport is open on all sides, so your vehicle is still exposed to temperatures and other elements. However, a garage is enclosed and often has power, offering more protection from the enclosure and eliminating all outdoor elements.

Which is Safer?

Both of these shelters offer safe protection. However, you can close the door and completely lock the vehicle inside the building with a garage. Carports can also house cameras and deter some thieves from getting too close to the home. However, carports do not keep people out; someone is likelier to walk up to a carport than get into a garage.

Which is More Affordable?

Every homeowner asks this big question when they look into garages and carports. Because garages are enclosed all the way around, they will be the most expensive option of the two. Carports have fewer materials, which makes them more affordable. Both need a concrete pad poured for the floor, which is another cost to factor into your budget. If you go with the garage, you’ll also need to ensure you have insulation included and the cost of powering up the building.

No matter which you choose, a carport or garage, it is a great investment for your vehicles and your home. If you would like more information on a home insurance quote, contact our agents at Paragon Independent Insurance Agency. We gladly serve homeowners living in and around the Plano, TX, area.

Insurance Coverage for Your Tiny House

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Ensure your tiny house is insured against theft and damage. Begin by conducting a comprehensive home assessment, then select residential coverage to include in your insurance policy.

Home Insurance

Like any other residence, a tiny home is eligible for various types of home insurance coverage. This coverage will cover the cost of repairing your tiny home and reimburse any out-of-pocket expenses you incur as the primary owner.

Assessment

The dimensions of your tiny house and the way you use it need to be evaluated. This assessment will help the inspector understand the risk level associated with insuring your home. It will include an evaluation of the materials used in your home’s construction. The inspector will also inquire about your intended use for your home. Many tiny houses are designed with wheels for mobility.

The wheels make a tiny home mobile. If you intend to relocate your home to various locations, your coverage may need to be adjusted.

Add-On Coverage

Some tiny house insurance policies may not provide coverage when your home is being actively towed. If your home insurance policy does not include towing coverage, you may need add-on coverage.

Towing or transportation coverage ensures your home is protected while in transit. An agent can discuss various add-ons that your tiny home qualifies for.

Insurance Agent Guidance

Armed with the basics about a tiny house insurance policy, you can now reach out to one of our Plano, TX agents. A Paragon Independent Insurance Agency representative can guide you in arranging your tiny home insurance policy.

Commercial Insurance Strategies To Protect Your Business

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Implementing strategic insurance methods can help safeguard your business. These strategies mitigate potential disruptions in your business operations.

Liability Insurance

Liability coverage protects you against legal costs that could disrupt your business. Protection against damage and theft shields you from financial losses that could affect your business sales. In essence, having comprehensive insurance coverage is indispensable.

Business Plan

A periodic review of your business plan helps identify areas requiring additional coverage. Many business owners upgrade their premises over time, bringing about changes necessitating increased protection.

Make it a point to review your insurance documents and physically inventory items within your business premises. Document any identified gaps in your insurance policy and make necessary modifications to ensure ample business protection.

Past Claims

Examining past insurance claims can provide valuable insights. For instance, if theft recurs, it might indicate a need to enhance your business security by investing in safety devices such as security cameras and lights.

Enhance your insurance coverage to shield your business premises, equipment, and stored inventory and buffer yourself from financial losses.

Insurance Products

Our agents at the Paragon Independent Insurance Agency can help you navigate our wide range of insurance products. You can also review your existing business plan at a meeting with our representatives in Plano, TX.

After evaluating your plan, the agent will walk you through commercial insurance upgrades for optimal business protection.

Business Trends That Will Transform Your Company’s Future

Posted on by AgentInsure

Protecting your business assets is a priority if you’re a business owner. To do so, you will need commercial insurance. Businesses in the Plano, TX area can find the insurance solutions they need at Paragon Independent Insurance Agency. We’ve been catering to companies like yours since 2003.

Smart business owners keep a keen eye on current business trends, especially those in Texas. According to The Business Journal, Texas is the ninth-largest economy in the world. The state’s population is expected to increase from its current 29 million residents to almost 35 million by 2030. This surge of potential clients can indeed mean many new customers for you.

Business Trends for Texas Companies

As per The Business Journal, the recent upswing in the U.S. economy has escalated consumer demand. Be ready to cater to customer’s increased needs or spark the interest of new clients. Texas has witnessed business expansion since 2020, as many companies started migrating to the Lone Star State.

Texas’ booming economy provides an opportunity for your business to start profiting from an awakened client base. According to The Business Journal, Texas has been leading the nation in exports since 2020, and your business can leverage this trend. Some of the most significant increases are seen in the sports, technology, and commerce sectors. Despite the uncertainties surrounding the nation’s economy, Texas’ economy continues to offer possibilities for businesses like yours to grow and thrive.

Call Us Today for an Appointment

As your business grows, so will your need for commercial insurance. Business owners in or near Plano, TX are encouraged to contact us at Paragon Independent Insurance Agency. Our agents are here to answer any insurance questions you may have. Call us for an appointment today, and we can help you protect your business.

Safe Driving and Insurance Go Hand in Hand

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Don’t let an accident devastate your world. An auto accident brings enough stress and worry without the additional concerns of bills, repairs, and other accident-related expenses. That’s why people from in and around the Plano, TX area turn to the experienced, trusted, and professional team at the Paragon Independent Insurance Agency for all their auto insurance needs. No, we can never predict when an accident will happen, but we can be prepared if we are ever involved in one.

Safe Driving and Insurance Go Hand in Hand

Being a safe driver means you are less likely to be involved in an accident, and you won’t be responsible for causing one. That is the good news. The bad news is that being a safe driver doesn’t necessarily protect you from unsafe, inattentive, or careless drivers.

As a safe driver, you can do little to control the actions of someone else behind the wheel. With concerns such as impaired, inexperienced, and simply bad drivers, the best course of action safe drivers can take is to stay prepared and insured. That’s where safe driving and insurance go hand in hand, highlighting the importance of a reliable and experienced agent if you are ever involved in an auto accident.

Auto Insurance Solutions in Plano

If you live in the greater Plano, TX area and have questions or need auto insurance, we can help. At the Paragon Independent Insurance Agency, our team of friendly and professional agents will help you find the right coverage for your vehicle and your life. Don’t let an accident cause more hardship and expense than necessary. Get the insurance solutions you need at the Paragon Independent Insurance Agency today.

Home Insurance Deductibles: What You Need to Know

Posted on by AgentInsure

When buying a home, your mortgage company will require you to purchase homeowners insurance. Lenders want to ensure their interest in the property is protected if an unfortunate disaster damages it. Our knowledgeable agents at Paragon Independent Insurance Agency in Plano, TX, are here to help.

The deductible is one of the most important decisions to make when choosing a homeowners policy. We are here to help you fully understand what a home insurance deductible is and which is best for you.

What is a Home Insurance Deductible?

A home insurance deductible is the money you must pay out of pocket when filing a claim before your insurance kicks in. To be more clear, you don’t pay the money to the insurance company. Instead, the company pays for the damages for a covered loss minus your portion, which is the deductible.

For example, if you have losses estimated at around $5500 after fire damage to your kitchen, your insurance company pays for the amount of damage minus the deductible. So, if you have a $1000 deductible on your home insurance policy, the insurance company would issue a payment for repairs of $4500; you would be responsible for paying the other $1000 (the deductible).

The deductible isn’t just a one-time payment. You will be responsible for paying a deductible out of pocket every time you file a homeowner claim. However, if the damages are under your deductible, you wouldn’t need to file a claim but pay out of pocket for the repairs.

Lastly, the lower the deductible you choose when purchasing your homeowner’s policy, the higher your premium payments will be. For instance, taking out a home insurance policy with $500 deductibles would be more expensive than choosing a $1000 deductible on your policy. A licensed insurance agent can help you look at your options and make the best decision for your specific needs.

Reach out to us today!

At Paragon Independent Insurance Agency in Plano, TX, we’re a knowledgeable agency experienced in helping Texans protect their families and properties when the unthinkable happens. Let us help you today. Call us at (972) 473-4813.

Steps to Take Immediately After a Car Accident

Posted on by AgentInsure

If you are involved in a car accident, there are several steps you should take afterward. The correct response could save lives and prevent further issues. We’ve outlined a response process below. If you’re looking for auto insurance and an agency that provides services in Plano, TX, contact Paragon Independent Insurance Agency.

What Comes After an Accident

Firstly, if you have been in a car accident, thoroughly check yourself for any serious injuries. In addition, check on all the passengers in the vehicle. Next, if possible, move to a safe place. Consider driving if the car is drivable and there’s a parking lot nearby.

If you can’t move the car, make an effort to get to safety and help others do the same. Cars should come equipped with accident kits; if you have one, deploy road flares and other safety devices. When possible, try to stay out of roadways. If the car is on fire, move away as quickly as possible.

Consider checking on other vehicles that were involved in the car accident. If someone has been seriously injured, contact emergency services without delay. Even if no one was injured, it’s still crucial to report the accident to the police.

After taking the above measures, you may want to contact your insurance agency to give them an early notification and ask for advice. Taking the proper steps now could mitigate risks. If you’re in need of an insurance agency, Paragon Independent Insurance Agency is here for you. We serve Plano, TX, and various other communities. Therefore, get in touch with us at your earliest convenience.

Upgrades That May Require More Residential Insurance Coverage

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Residential upgrades that are conducted on your land or in your home may require additional residential insurance coverage. Review the upgrades that follow. Then, adjust your insurance policy accordingly.

Land Improvements

Land improvements may require the installation of plumbing, structural materials, vegetation, and lighting. Your residential insurance policy can list the items you invest in.

The insurance coverage will protect against unforeseen damage and theft. If you need to file an insurance claim, the coverage you have purchased will handle the costs you are faced with while you are rehabilitating your property.

Be aware that some events may not be included in a standard insurance policy. For instance, if you live in a low-lying area, you may need to add flood protection to your policy. This type of add-on will protect the land improvements against damage directly connected to rising waters.

High Ticket Items

Luxury furnishings, jewelry, floor coverings, and artwork are some high-ticket items that could require additional home insurance coverage. If you plan on purchasing items to use during some upgrades, keep a list of the materials and products you have decided to purchase.

Recording these items now will prevent you from overlooking them when you are ready to modify your existing home insurance policy.

Design Elements

The design of your home could have a bearing on your insurance policy. Seeking a professional assessment of your home will help you determine if you need more residential insurance coverage. Staircases, archways, and other items used in the design of your home may require additional insurance coverage.

Contact Paragon Independent Insurance Agency

Contact one of our Plano, TX agents. A Paragon Independent Insurance Agency representative will consult with you about your chosen residential upgrades.

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