Insurance Blog | Paragon Independent Insurance Agencies

How Do You Know What Commercial Insurance Products Your Business May Benefit From?

Posted on February 28, 2025February 11, 2025 by AgentInsure

Owning a business means taking on risks, but the right insurance coverage can help safeguard your hard work. At Paragon Independent Insurance Agency, we provide businesses in the greater Plano, TX area with various commercial insurance products. We understand that every company has different needs. So, how do you determine which commercial insurance products will best protect your business? Let’s break it down.

Identifying Your Business’s Key Risks

Different businesses face different challenges. Commercial auto insurance is essential if your company owns or operates vehicles—whether for deliveries, client visits, or transporting goods. It helps cover accidents, repairs, and liability claims, ensuring your business isn’t financially burdened by unexpected incidents.

Beyond vehicle coverage, you may also need general liability insurance, which protects against third-party claims for injuries or property damage during business operations. If you own a physical location, commercial property insurance can help protect your building, inventory, and equipment from fire, theft, or natural disasters.

Tailoring Insurance to Fit Your Business

Certain industries require specialized coverage. If you have employees, securing workers’ compensation insurance can provide financial support for medical bills and lost wages if a workplace injury occurs. Businesses that handle customer data should consider cyber liability insurance to protect against data breaches and cyber threats.

Protect Your Business with the Right Coverage

Selecting the right commercial insurance may seem overwhelming, but you don’t have to figure it out alone. At Paragon Independent Insurance Agency, serving the community in and around Plano, TX, we’re here to help you find the best policies tailored to your company’s needs. Contact us today to ensure your business is fully protected for the road ahead.

Do I Need More Insurance Coverage If I Have an Expensive Car?

Posted on February 14, 2025February 11, 2025 by AgentInsure

Protecting a high-end vehicle in Plano, TX, can help secure your overall investments. While luxury vehicles share the same concerns as lower-end vehicles, they may require provisions that specifically cover your costs. Paragon Independent Insurance Agency can help determine if you need additional coverage for your expensive vehicle.

Coverage Types You Need

Your luxury vehicle requires the same categories of coverage as those for lower-cost vehicles. You’ll pay for premiums covering liability, collision, comprehensive, and all the other major categories you would find in a standard auto insurance policy. Many insurers offer coverage to owners of high-end vehicles as well as those who own less expensive cars. You can customize a regular auto insurance policy with specific coverage for your high-end vehicle. While you can generally get coverage for a costly vehicle with a general auto insurance company, you can also obtain coverage with carriers specializing in high-end vehicles. These carriers make it easier for you to get a policy that meets your needs.

Coverage Categories to Consider

You may want to increase the amount for liability, collision, and other typical categories, but owning a high-end car comes with additional responsibilities. Consider these additional protections if you have a high-end vehicle:

New car replacement cost
Original parts replacement
GAP insurance coverage

Making Your Luxury Auto Insurance More Affordable

Consider various options to reduce your premium. Increasing your deductible is an easy way to lower costs. Bundling your auto coverage with home or renter insurance can substantially reduce costs. Theft deterrent devices are another route to lower premiums.

Finding an affordable luxury auto insurance policy is easy when you work with Paragon Independent Insurance Agency, serving Plano, TX. Contact us today to get started on your policy.

Can I Drive My New Car Off the Lot Without Auto Insurance?

Posted on January 31, 2025January 13, 2025 by AgentInsure

When buying a new car, one of the first tasks is to secure car insurance. You may have questions about car insurance requirements, especially when purchasing a new vehicle. The professionals at Paragon Independent Insurance Agency in Plano, TX, can provide the necessary information about car insurance. Here’s what you need to know.

Is Car Insurance Required for Driving?

Most states require car insurance for driving. Many dealerships also require proof of car insurance before you can drive the car off the lot.

Can You Buy a Car Without Car Insurance?

While you might be able to purchase a car without car insurance, you won’t be able to take it home until you’ve provided proof of a car insurance policy. If you’re buying a car with an auto loan, the lender will likely require proof of car insurance before funding the loan.

Typically, auto lenders require proof of full coverage of auto insurance. This type of insurance covers the cost to replace or repair the car in a variety of events, even if you’re at fault in a collision.

Looking for Car Insurance? Contact Us

If you need car insurance, consider working with the professionals at Paragon Independent Insurance Agency in Plano, TX. We collaborate with numerous insurance carriers and can help you find the right car insurance policy for your needs. We’re also happy to answer your questions as you decide between liability only, comprehensive coverage, and full coverage car insurance. Call us today.

Home Insurance Guide: Problems Arise After a Claim is Closed?

Posted on January 15, 2025January 13, 2025 by AgentInsure

Homeowners in the greater Plano, TX area face various potential threats, including falling trees, wind and hail, fires, and water damage. Many rely on home insurance solutions from teams like the Paragon Independent Insurance Agency to protect their homes from these risks. However, issues can arise even after the repairs have been made, the roof has been replaced, or the pipe has been fixed. These problems often occur long after the claim has been filed. Working with a proven and experienced agent can be beneficial in such situations.

What If a Problem Persists After the Claim is Closed?

Suppose you find yourself dealing with issues like a leaky roof during the first storm after repairs. In that case, you can still get help, even if your claim has been closed. While reopening a claim or handling these situations from the paperwork side can be time-consuming, your agent can address your post-repair problems. The first step is to initiate the process with your agent as soon as possible.

Home Insurance Solutions for Homeowners in the Plano, TX Area

This is one of many reasons why working with experienced and knowledgeable agents is crucial for all your home insurance needs. If you’re seeking home insurance solutions in the Plano, TX area, we’re here to help. Contact the Paragon Independent Insurance Agency today to learn more and schedule an appointment for the protection your home deserves.

Local Regulations and Home Insurance Policies in Plano, TX

Posted on December 27, 2024December 9, 2024 by AgentInsure

Understanding how local regulations near Plano, TX can influence your homeowner’s insurance policy is essential to protect and preserve your coverage. Knowing local building codes, state zoning requirements, and insurance regulations can also help you determine which homeowner’s insurance policy or provider is right for you. At Paragon Independent Insurance Agency, we can help you better understand how local regulations and home insurance policies are impacted together in Plano, TX.

Understanding Plano, Texas, Building Codes

Plano, TX, enforces a wide range of building codes to ensure local buildings and businesses’ structural integrity and safety. These codes impact home insurance policies in several ways, such as:

Compliance: Compliance requirements must be adhered to prevent denials of claims.
Ordinance Coverage: Standard home insurance policies may not cover additional expenses that do not meet current codes.

State Regulations Impacting Home Insurance Policies

Throughout Texas, the Department of Insurance is responsible for overseeing home insurance policies. Considerations to keep in mind include:

Consumer Bill of Rights: Consumer protections are outlined in the Homeowners Bill of Rights, ensuring you always remain informed of your rights regarding existing insurance policies in effect or available to you.
Policy Rates and Reforms: Insurance companies are required by law in Texas to file their policy forms and rates with the Texas Department of Insurance for proper approval. This ensures compliance and fairness with existing state laws.

The more familiar you are with Plano, TX, and its local building codes and regulations, the easier it will be to secure the comprehensive protection you need as a homeowner in the region. If you’re interested in researching local regulations or adjusting your current homeowner’s insurance policy, we can help. For more information on local regulations near Plano, TX as a homeowner and to determine if your homeowner’s policy is suitable and adequate, contact Paragon Independent Insurance Agency for your free quote and consultation with our experienced agents today.

Why Cyber Liability Insurance Matters for Business Owners and Commercial Property Investors in Plano, TX

Posted on December 16, 2024December 9, 2024 by AgentInsure

As cyberattacks become increasingly prevalent worldwide, it’s crucial for business owners and commercial investors in Plano, TX, to consider cyber liability insurance. Cyber liability insurance from Paragon Independent Insurance Agency can provide the safeguard you need to protect your investments, assets, and reputation where traditional insurance policies may fall short.

Protection From Financial Losses

Dealing with business interruptions, disruptions, legal fees, and data breaches can quickly accumulate costs. With a proper cyber liability insurance policy, you can cover a range of expenses from regulatory fines, credit monitoring, notifications to affected parties, and even lost revenue, depending on the specifics of your chosen policy.

Reputation Management

Cyber liability insurance can also help provide the resources you need to rebuild confidence in your brand as you work to protect your reputation. This is often critical when dealing with hacking attempts and data breaches that have caused vulnerabilities with user information. Some cyber liability insurance policies also provide mitigation support when tackling negative publicity.

Compliance

Ensure your business is compliant with regulatory requirements statewide and nationally. Prioritizing cybersecurity is also a way to remain competitive, especially in highly saturated or popular industries. Prioritizing your cybersecurity measures can help clients and investors alike trust your business and/or brand.

Handling the risks of cyberattacks and data breaches head-on is much easier with a proper cyber liability insurance policy in place. If you’re a business owner or commercial investor in Plano, TX, obtaining the right cyber liability insurance policy can provide the financial safety net and peace of mind you need. To learn more about your options when it comes to cyber liability insurance policies in Plano, TX, contact Paragon Independent Insurance Agency today.

Auto Insurance is About More Than Staying Legal on the Road

Posted on November 29, 2024November 12, 2024 by AgentInsure

Meeting the minimum legal requirements for auto insurance is a law in every state. However, choosing to drive with only the legal state minimums can be a costly decision. That’s why so many drivers from Plano, TX, and the surrounding area rely on the experience and expertise of the Paragon Independent Insurance Agency team for help with all their auto insurance questions and needs. Staying legal is one thing, but auto insurance is also about a whole lot more.

Auto Insurance: More Than Just Legal Driving Requirements

Yes, meeting the legal auto insurance requirements is essential, but the benefits of auto insurance extend beyond just staying legal. From the expense of damages to the cost of medical bills and more, underinsured drivers—those who drive with only the minimum legal requirements—are often left to cover many costs. Fortunately, with the help of experienced and professional agents, drivers can be better protected on the roads and from the sometimes extensive costs of an accident.

Auto Insurance Solutions for Plano, TX Area Drivers

If you live in or around the greater Plano, TX area and have questions or would like to learn more about auto insurance, we can help. At the Paragon Independent Insurance Agency, we are here to help you get the coverage and protection that best suits you and your driving needs. Contact us to find out more and schedule an appointment for the auto insurance solutions you need and deserve at the Paragon Independent Insurance Agency today.

Business Insurance Basics: Terms Every Owner Should Know

Posted on November 15, 2024November 12, 2024 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

Posted on October 31, 2024October 8, 2024 by AgentInsure

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?

Posted on October 15, 2024October 8, 2024 by AgentInsure

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.

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