Small businesses like yours are what enhance the community. You increase revenue to the neighborhood, create employment, and offer new opportunities. You struggle to keep your business on solid ground. Make sure that you have the right kind of insurance to protect your growing businesses.

Auto Insurance

If you have the type of business that has a few cars or a fleet of trucks, you’re going to need to have commercial auto insurance. Commercial auto insurance can protect you against reckless drivers who damage your vehicles or merchandise. As you begin to grow your business, you’ll want to increase your coverage limits.

Liability Insurance

There are three types of liability insurance for certain businesses.

• General liability insurance can protect you against costs as a result of an accident. If someone is injured in your store, you may have to pay medical expenses and defend yourself in court. You could pay legal fees and settlement costs. With liability, this cost will be less with the right coverage.

• Product liability is mainly for businesses who manufacture, distribute, or sell products. Liability protects you if a product you sell is defective and causes purchaser harm.

• Professional liability is for professions that require you to provide service individuals or other businesses, such as a doctor or masseur.

Commercial Property Insurance

Similar to home insurance, commercial property insurance protects your property from vandalism, fires, hailstorms, windstorms, and other disasters listed in your policy. Having this policy can help you rebuild faster. If you did not have enough coverage and a disaster strikes, you may not be able to restore your business.

Go to the Paragon Independent Insurance Agency in Plano, TX to discuss a commercial insurance policy that is right for your growing business.

There are benefits to having a home business, but it can get complicated when it comes to getting insurance for the business you run out of your home. The Paragon Independent Insurance Agency of Plano, TX can help you sort through the issues and find a policy that will work for your situation. The type of business would be very important as far as liability and other issues. A writing business with almost no overhead would need very little insurance. A small winery on the other hand, with a few employees, could get complicated fast.

There are three major ways you can ensure your business in your home. You can get increased business property limits with your regular homeowners’ policy. This is good for small operations where you do not have customers in your home and if you do not have a lot of stock or property.

An in-home business insurance policy is a middle ground of sorts, that increases coverage for more property or stock that may be stored in your home. This is good for when you have a few customers in your homes, such as a hair salon or tax preparation.

For even larger operations there is a separate business insurance policy for homeowners. This would increase your liability coverage, and keep in mind that some homeowner policies do not cover liability for business use. This option is good if the business supports the household.

Visit the Paragon Independent Insurance Agency in Plano, TX today to find out more about insurance for your home-based business. Every case is different, and we can find a policy that will best fit your individual needs. You would need to have homeowners insurance to make an addition to the policy for business coverage. You can get them at the same time.

A common business in the Plano, TX area is operating convenience stores. With convenience stores being a high traffic business and very profitable, they are often targetted by crime. If you own a convenience store in Texas, it is best to have commercial insurance that includes a variety of coverages, protecting your business. Paragon Independent Insurance Agency understands the necessity of commercial insurance and crafting it to fit the needs of the client. 

Property Insurance

Obtaining property insurance on your convenience store not only covers the structure, but the parking lot, and any equipment and inventory on the property. Should the property be damaged by an accident, theft, or stolen, your property can be replaced with commercial insurance coverage. 

Liability Insurance

Was a customer hurt on your property due to your negligence? When a customer suffers bodily injury due to conditions that could have been avoided, such as a wet floor or damaged property that was not properly identified, you may be liable for any medical expenses, fees, and other costs associated with their claim. With liability insurance, you are covered and can file these costs with your insurance and not financially draining your convenience store funds.

Crime Insurance

Unfortunately, convenience stores often fall victim theft, robberies, and vandalism. Should you or an employee be involved in one of these crimes, your property and cash loss will be covered due to your policy included the crime insurance clause. For convenience stores, this coverage in commercial policy is essential, especially for those located in high-crime areas.

Call Us Today For More Information

If you are looking to purchase your commercial insurance or upgrade it to include more coverage, contact one of our agents today at Paragon Independent Insurance Agency. We proudly serve the Plano, TX area and look forward to assisting you with your commercial insurance needs.

So you have your small business and now you need to protect it. But just like with every other business expense, you want to watch your bottom line and find the discounts where you can.

You may already know which kinds of commercial insurance your Plano, TX needs, but if you don’t, you can start by speaking with one of the representatives at Paragon Independent Insurance Agency. We’re always happy to help you sort out what your needs are, with no obligation.

Business Owners Policy (BOP) and Other Bundling Discounts

You can definitely earn discounts by bundling your policies, and you get the added advantage that the policies are more convenient to maintain and claims will be smoother with one carrier. The Business Owners Policy (BOP) is popular because it puts together the most important kinds of coverage which is tailored to your needs.

Normally, the BOP will include at least proper insurance, to protect the premises, and general liability, to shield you from lawsuits. You can also add coverage for automobiles, professional responsibility, work stoppage, and other kinds of protection.

Other Kinds of Discounts

You probably won’t get the discounts you want unless you ask for them, so don’t be shy. There are safety discounts available for some businesses, for taking preventive measures like installing burglar alarms and sprinklers. If you belong to a certain organization or group, you may qualify for a special discount. And staying with the same insurance company will earn you a loyalty discount.

You don’t want to think about these boring issues, but your Plano, TX business depends on you to keep it safe. Call Paragon Independent Insurance Agency today if you have any questions or would like more commercial business coverage.

Like most restaurant owners you probably put in a lot of work to get your establishment up and running. Now, you have to protect your investment.

If you do not have adequate commercial insurance, then you could wind up joining a large number of unfortunate restaurants that go out of business with seeming regularity.

To help you understand just why commercial insurance is a vital necessity for restaurant owners, following are three top reasons these businesses get covered.

Accident Liability

When patrons enter your premises, you assume a duty to protect them. A “slip and fall” on a wet floor can lead to a negligence claim. Likewise, someone could get sick from your food or burned eating something a bit too hot.

You will want some commercial insurance to support you against any unplanned costs. Fortunately, Paragon Independent Insurance Agency, serving Plano, TX, can help.

Liquor Incidents

As a restaurant owner, you can be held responsible for injuries caused by your customers. Fights and vehicle accidents after drinking are common incidents.

 Do not wait until you receive a civil court summons. By then, it could be too late.

Inventory Losses

Unless you are a genius at purchasing and supply chain management, you usually have excess product to store.

Things can happen to prolong the storage time. For example, stormy weather might prevent you from opening. Perhaps the electricity is out, as well. Food could be spoiled. The cost of fully restocking your inventory, all at once, can be staggering.

Receive Professional Advice Today

Get commercial insurance to help protect your business.

Be sure to speak with the compassionate staff at Paragon Independent Insurance Agency, serving Plano, TX, about the best policies and rates for restaurants.