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.

 

 

For commercial truck drivers in the Plano, TX area, insurance is one of the most critical parts of running a successful business. Without proper coverage, an accident with a commercial truck can have dire consequences for your company. The agents of Pargon Independent Insurance Agency are available to help you meet all of the Texas state requirements for commercial truck insurance.

 Commercial Insurance Liability Rules

In all states, including Texas, the Federal Motor Carrier Safety Administration requires a minimum amount of liability insurance coverage for commercial trucks. The required liability insurance will cover damages related to an accident caused by the truck driver. Payouts to the victim may cover repair costs and medical expenses. The weight and load of the commercial truck determine the amount of required liability insurance. As an example, commercial trucks over 10,001 pounds need a minimum of $750,000 in liability insurance due to federal regulations. However, in many cases, Texas requires companies to carry an additional $250,000 in coverage. Federal and state regulations can change year to year and minimum amounts are always subject to fluctuations.

Special Considerations for Truck Commercial Insurance in Plano, TX

Trucks transporting hazardous materials will need extra insurance coverage on vehicles. In Texas, companies have a requirement of $5 million in liability coverage for vehicles carrying hazardous or explosive materials. Texas will also change coverage limits and form requirements based on where the truck will be used. Commercial trucks traveling out of state must work with a trusted insurance agent to get just the right amount of required coverage. An agent will also assist you with getting the correct forms submitted to prove your commercial truck is properly insured. The required Department of Transportation forms in Texas may include BMC-99, Form H, Form E, and MCS-98.

Contact any of the agents from Paragon Independent Insurance Agency today to ensure you get the right amount of coverage for your commercial truck.

 

Do you own a business in Plano, TX? If so, good for you. This is a great place to be a small business owner. However, have you taken the necessary steps to ensure your business is protected? The fact is, there are many issues and tragedies that could occur, which is why having commercial insurance is so important.

Do you own a business, but have yet to purchase this coverage? If so, now is the time to consider it. You can utilize the services at Paragon Independent Insurance Agency, and the tips here, to get the protection you need for a price you can afford.

1. What to Consider When Buying Commercial Insurance?

When you are ready to purchase commercial insurance, you need to figure out what you need and how much you need. There are many different types of commercial insurance to purchase. For example, general liability insurance and workman’s compensation insurance are two types that all business owners need. However, if your workers use a fleet of company vehicles, for instance, you may also need to purchase a commercial auto insurance policy. Be sure to review all of your assets to determine the type of commercial coverage that you need.

2. Buy Smart

When it is time to purchase one or more commercial insurance policies, be sure to be smart about it. Compare prices and policies and work with a reputable agent. This will help ensure you get the coverage you need for a price you can afford.

If you are ready to purchase commercial insurance coverage in Plano, TX, reach out to the professionals at Paragon Independent Insurance Agency. They will help you determine the exact coverage you need and help you stick within your budget.

Your dryer is an important appliance in your home, but it does need to be maintained properly in order to keep working efficiently and safely. Here are some tips on that from Paragon Independent Insurance Agency serving the Plano, TX area.

Cleaning the lint tray

Remove all lint from the dryer’s lint area every time you run the dryer, even if there is just a small amount of lint in there. It only takes a moment but makes a big difference. There will likely be more lint when you are washing certain items, such as new towels and blankets. Also make sure you clean around the dryer area, such as on the floor, because dust and lint can accumulate there and become a safety hazard.

Cleaning the dryer vent

Periodically do a more thorough cleaning of your dryer vent using specifically designed tools that can get further into the dryer vent. It will not take much time to do this and will be a worthwhile task.

Maintaining the dryer vent

Occasionally hire a professional who can perform a cleaning of your dryer vent. You will not have to do that very often, but it will be worth it as you make the effort to keep your dryer vent clean and safe. It is definitely an affordable investment in keeping your dryer running smoothly and safely.

Properly maintaining and cleaning the dryer vent provides numerous benefits, including improving home safety and helping an important appliance to function at its full potential. Write these tasks on your "to do" list or calendar, and make sure to do them as needed. If you need more tips about home safety or need assistance with home insurance, feel free to contact Paragon Independent Insurance Agency serving the Plano, TX area.

Commercial property insurance in Plano, TX will protect your company’s physical assets from fire, burst pipes, theft, vandalism, storms, and explosions. Typically, earthquakes and floods are not covered.

Commercial property insurance in Plano, TX does more than just protect your building, so it’s important insurance to have. Some of the things this insurance protects include computers, furniture and equipment, landscaping, important documents, inventory, exterior signs, and others’ property. Just think about how expensive it can be to have to replace all your business equipment and your inventory. This shows how important this insurance is for any business. In order to determine how much coverage you need, keep an inventory of your business assets and get enough coverage to protect them. Keeping this list of business assets will help you in the event you do need to file a claim.

Depending on your policy, there may also be covered for business assets when they are being used at off-premise locations. This can include an employee taking a company computer on a trip and the device is stolen. Speak with an agent at Paragon Independent Insurance Agency to determine if you have this type of coverage.

One of the other important aspects of a property policy is protection against loss of income or revenue for property loss. There are provisions that will provide net income and continued expenses during the period where you are rebuilding after a loss. For example, if your business has to shut down for two weeks while you rebuild because of a fire, your policy could reimburse you for some of the lost earnings for those weeks.

Even though commercial property insurance covers a lot of things, it does not cover any liability and you will still need liability coverage in addition to this policy.

Contact an agent Paragon Independent Insurance Agency to get a quote on commercial property insurance.

 

Owning your own business can be one of the most exciting things you ever do. Not only do you get to be your own boss, but you get to take advantage of doing something you have a passion for while making money from it. Take for example you are a chef and you open your own restaurant. Getting paid to cook is something that will bring a lot of delight to your life. As a business owner, though, it is imperative that you take certain steps to make sure you are doing everything you can to protect your company. For now, the Paragon Independent Insurance Agency serving Plano, TX would like to share two tips with you about being a smart business owner. 

Invest in Commercial Insurance

One of the smartest things you can do as a business owner is to invest in commercial insurance. This type of insurance provides various forms of coverages that will protect you from libel, slander, property damage, and more. The best way to customize your commercial insurance policy to best meet your needs is to speak with a qualified insurance agent who has experience in selling commercial insurance policies. 

Set a Budget and Stick to It

It will also help you to be a smart business owner by creating a budget and sticking to it. As part of the budget, you will want to devote a certain percentage of your profits to go to a savings account. This savings account can be used to dip into on an as-needed basis during the months that you don’t churn much of a profit and you need to purchase supplies or provide monies for labor and wages to your employees.

To learn more about the benefits of commercial insurance, contact the Paragon Independent Insurance Agency serving Plano, TX today.