In the heart of Plano, TX is Paragon Independent Insurance Agency whose aim is to provide quality commercial insurance services to all its members. We give our members confidence in business prosperity, by proving competent protection through our insurance company. Under commercial insurance, we cover the areas sampled below:

Property Damage Cover.

We value our members’ business property at Paragon Independent Insurance Agency. Under property damage’ we cover your business in various critical situations such as:

• Theft.
• Accidents in business premises such as a fire outbreak and collapsing of your business building.

If you have not yet purchased the insurance cover, we are confident in providing business protection for you at our insurance company in Plano, TX.

Umbrella Insurance.

In every situation in your business life, it’s wise for you to have a backup plan in all your investments. Umbrella insurance is a service that we offer our members away from their commercial insurance. Umbrella insurance is meant to back your business up.in a case where the level of damage exceeds the policy you have purchased, umbrella insurance covers the extra cost.

Umbrella insurance under commercial insurance in Plano, TX gives you the certainty that you may not incur losses in your business life. A business life with no or few losses is a successful business.

 Overall business liability cover.

As a business person, you should always consider your customers’ and employees’ safety and insurance cover. On purchasing the commercial insurance in Plano, TX, it’s important to purchase the general liability cover. This is meant to cover your employees and customers in many ways such as:

• Body injuries in the business premises.
• Accidents during working hours.

As soon as you purchase this policy in Paragon Independent Insurance Agency, you psyche your employees and they find it very easy to work in the business hence your business grows. For more information and queries please call us at (972) 867-9797.

If you own a business in the Lone Star State of Texas, you will want to obtain commercial business insurance. One of the requirements in Texas is for owners of private or public businesses to obtain a workers’ compensation insurance policy. This will cover all of your employees in the event they are injured on the job or become ill because of doing their job.

You must have a commercial auto insurance policy in place to cover all vehicles used for your business and owned by your business. You must have the minimum amount of liability auto insurance under Texas law which is $25, 000 per person, $50,000 per accident, and $15,000 for property damage caused by an accident involving one of your business’ vehicles.

You will also want to have general liability insurance in place which will protect you and your business if someone claims they were injured while visiting your business or due to a product or produce or sell. This policy will cover the injured person’s medical bills associated with the mishap and damage to their property. It can also cover a dissatisfied customer who files a lawsuit.

You will also want to include in your commercial insurance policy insurance for fire, theft, vandalism, and damages to your business from a natural disaster, such as a tornado or hurricane. Your livelihood depends on your business being able to function and if there is business disruption, you will need insurance in place to cover those losses.

To create the best commercial business insurance for you and your business, contact the experienced and trusted insurance agents at the Paragon Independent Insurance Agency in Plano, TX.

As a hard-working business owner in Plano Tx, you need to be sure your investment is protected. Commercial insurance is a necessity that helps with expenses associated with liability claims and property damage. Here are the essentials you need to know regarding commercial insurance for Plano, TX business owners.

What Are the Standard Insurance Needs for Most Businesses?

Most businesses need a business owner’s policy (BOP). This business policy is essential because it includes:

• Business property insurance
• Business liability insurance
• Business income insurance

All three of these business insurances are combined in one policy in a BOP.

Business Property Insurance

Business property insurance, often called commercial property insurance, protects your business’ physical location and your business’ assets, including furniture, documents, and tools.

Business Liability Insurance

Business liability insurance is often referred to as commercial liability insurance. This insurance helps cover the expenses if someone files a liability claim against your business.

Business Income Insurance

Business income insurance helps with replacing all income that is lost when your business can’t open due to a covered loss. As a business owner, you can use this coverage to help ensure you can continue to pay your bills, including payroll.

Is Commercial Insurance Required in Texas?

Commercial insurance is not mandatory in Texas, but we at Paragon Independent Insurance Agency recommend having at least basic insurance coverage for your business. The three levels of commercial property insurance include:

• Basic policies
• Broad policies
• Special policies

Basic policies provide the least amount of coverage. Basic policies offer coverage for windstorms, sprinkler leakage, smoke, lightning, and similar instances. Broad policies cover a loss due to situations covered in a basic policy. Special policies cover a loss for everything basic policies do not cover.

Here at Paragon Independent Insurance Agency, we take pride in providing Plano, TX residents with reliable insurance coverage options for a variety of situations, including auto, home, and business insurance. Contact us to learn more about our insurance policies. We will gladly help you select the policy that best suits your needs.

At Paragon Independent Insurance Agency in Plano, TX, we would like to discuss how commercial insurance works. Too many businesses have been pulled down by lawsuits just because the business owners failed to insure their businesses.

Here in Plano, there are several commercial insurance coverage options. Each type of coverage protects your business from a certain type of misfortune or perils. Let’s start with the most important coverage.

Workers’ compensation insurance

If you have employees on your payroll, it is mandatory for you to purchase this policy in Plano and other cities in Texas. First, it provides funds to treat any of your employees should they sustain an injury while working for you. Secondly, it prevents them from being able to file a lawsuit against you when an accident occurs while discharging their duties and they sustain any injury.

Commercial automobile insurance

This policy is for companies who carry out their business process with the use of cars, trucks, vans, of buses. When any of the vehicles break down, this coverage will provide funds to fix it. In case of vandalism and theft, this coverage will also repair or replace the vehicle, whichever the case may be.

Also, if any of your drivers damages a third party’s property with any of the vehicles, this coverage will fix the third party property and also foot the medical bills if it leads to injuries.

Liability coverage

If a third party sues your company for any reason, this coverage will provide the funds to hire a legal team and if it turns out that you have to settle the third party with a certain amount of money stipulated by the judge, this coverage’s got your back on that too.

Apart from the three types of coverage, there are several other coverages that you should explore. Now, you’ll agree that the primary aim of commercial insurance is to protect your business from perils. If you need further guidance or clarification, we would gladly oblige you at Paragon Independent Insurance Agency in Plano, TX.

Why You Need Liability Insurance As Part Of Your Commercial Insurance Policy   

You have insurance for your business – and you likely already pay a pretty penny for your policy. You may be wondering whether you actually need to include liability insurance as a part of your commercial insurance policy. At Paragon Independent Insurance Agency serving Plano, TX, we’re here to explain why this addition to your standard commercial insurance policy is such an important part of your coverage. 

Imagine this scenario: you own a restaurant, and someone takes food home with them. Due to improper food storage methods, they get food poisoning. They try to put the blame on you, suing your restaurant and trying to make you responsible for their medical bills. 

Commercial liability insurance protects you in these situations and can foot the bill if your company finds itself being sued. Lawsuits can be devastating for a small business and can cause bankruptcy fast. When you have commercial liability insurance, you’re able to rest assured that your business and assets are protected in the event that you’re sued.

You know how important it is to keep your business protected. You’ve invested years of your life and thousands of hours of hard work into making the business of your dreams. It’s vital that you don’t let someone else’s actions become the reason your business fails. Commercial liability insurance is there to protect you in these tough situations.

Call Paragon

If you’re ready to get commercial liability insurance for your business, Paragon Independent Insurance Agency in Plano, TX is here to help. Stop in or give us a call to learn more about how we can help you keep your business safe.