Owning your own small business is a very important responsibility that needs to be taken seriously.  One factor that needs to be carefully considered is what type of insurance coverage you should have in place.  For small business owners, there are a variety of types of commercial insurance coverage that you should have that will provide adequate protection. 

Workers Compensation

For business owners in the Plano, TX area, having workers compensation coverage is very important.  While the state of Texas does not necessarily require it, it still provides a business with very valuable protections.  Your workers compensation policy will provide coverage to you and your employees in the event someone is injured while at work.

Liability Coverage

Liability insurance is also very important for all small business owners to have.  If you have a product or service that you sell, you are taking on some responsibility every time you sell it and a consumer uses it.  To ensure you are fully protected, you should have a liability coverage policy in place that will provide you with coverage in the event you are sued. 

Property Coverage

If you operate a small business and have a building, whether it is a rental or if you own it, having property coverage is a necessity.  Property coverage will provide you with reimbursement for expenses that are incurred if the building or its contents are damaged or if there is an incident of theft or vandalism.  In many cases, you will also be required to carry this coverage under a lease or a loan agreement.

Before getting into any new commercial insurance policy, Plano, TX area business owners should contact Paragon Independent Insurance Agency.  Paragon Independent Insurance Agency is a leading insurance agency that can help you to better determine and understand you commercial insurance needs.

As a small business owner, you may think you’re safe from online fraud due to being a “small fish” in the big world of business. Statistics show, however, that small businesses are just as susceptible to cyber crimes as major companies. By taking protective measures, you can safeguard your Plano, TX business against Internet crimes and protect your assets. Here are a few tips to help you get started.

Create Strong Internet Passwords

Strong Internet passwords can boost your online security, making it that much more difficult for hackers to get into your accounts. All your business accounts should have strong passwords to include online banking, email accounts, purchasing accounts, etc.

Tune in to Email Links

Tune in to links that may come with your business emails as they could contain viruses or open the door to cyber attacks. Never click on a link that you have doubts about. Verifying all email links before opening, even those from known associates or friends, could save your business from online attacks.  

Encrypt Sensitive Information

Encrypt all sensitive data to protect your business associates and customers from online fraud. This includes Social Security numbers, credit card numbers, health records and personal data. Encrypting sensitive information make it more difficult for hackers to gain unlawful access to customer accounts.

Protect your Business Infrastructure

Invest in the latest firewall, spyware and anti-virus detection programs to protect your data and networks against infiltration by hackers. By doing your part to protect your business infrastructure, you can help prevent online attacks.

Get Cyber Insurance Coverage

Cyber insurance from Paragon Independent Insurance Agency covers your company’s liability for data breaches that can put your customers at risk of cyber crimes. For more information about cyber insurance and the protection it has to offer, contact us at Paragon Independent Insurance Agency in Plano, TX.

Climate change is creating all kinds of new problems for homeowners. Hurricanes that are supposed to happen rarely are now becoming frequent occurrences. Wind and heavy rain may do damage and cause dangerous mudslides. Earthquakes are happening with increased severity and in unusual patterns that have not been seen before. The expectation is that these natural disasters will continue to get worse in the future.

This is why it is a good idea to conduct an insurance review with your agent at Paragon Independent Insurance Agency serving Plano, TX to make sure these increased risks are covered by your insurance policies. It is always better to be prepared than to be caught off guard when an emergency happens. Some surprising things have been happening where homes that are not located in a flood zone are being damaged by flooding. Home insurance and flood insurance are different and many should consider having both of these policies.

If you do not already have home insurance for the replacement value of the home and its contents, it is a good idea to consider this. Also, be sure that the estimate of replacement value is accurate and up-to-date. If you have done any remodeling or made any additions to the home be sure to consider those and include the values for them in the replacement cost as well. Discuss with your agent about having special coverage for any items of great value such as antiques or artwork that are kept in the home.

Hopefully there will not be any troubles; however, if they do come up you want to rest assured that there is adequate insurance coverage to take care of the problems. Contact the good folks at Paragon Independent Insurance Agency serving Plano, TX and the surrounding areas to make sure you have adequate insurance coverage for all of your needs.

When you own a small business, there are many different factors that you will need to take into consideration. For businesses in the Plano, TX area, one factor that needs to be taken seriously as its insurance needs. For those that are looking for more Insurance, getting commercial insurance could be a great option as it provides a range of different coverages.

Liability

The first type of coverage that a commercial insurance policy will provide is liability insurance coverage. If your business produces and sells a product or service, you are taking on a certain level of liability every time it is used by a consumer. Because of this, it would be a good idea to purchase a liability policy under your commercial insurance to provide you with protection in the event you are sued and found Bible.

Workers Compensation

If you have employees that work for you, you will also probably be required to have a worker’s compensation policy. A workers compensation policy will provide you with protection in the event your employee is injured while they are at work. This is particularly important if your place of business provides a certain level of danger for those that work there.  

Property Insurance

If you own real estate in which your business is operated out of, your commercial insurance package should also provide you with property insurance coverage. This will provide you with coverage in the event your property is damaged or destroyed. It can also cover all of the equipment that sits underneath the roof of your property.

When looking for a new commercial insurance policy, Plano, TX businesses should contact the Paragon Independent Insurance Agency. The Paragon Independent Insurance Agency is skilled at helping businesses of all types and sizes to find a commercial insurance policy that is best for them.