Paragon Independent Insurance Agency is proud to work with the small business owners in the greater Plano, TX area. We strive to help our commercial clients secure the right insurance to meet their needs. If you want to make sure that your small business has the protection it needs, give us a call today.

Benefits of comprehensive commercial insurance for small businesses

Small businesses have different insurance needs and requirements than their corporate counterparts. If you own a small business, you know just how hard it can be to keep profit levels growing. When a catastrophe occurs that knocks your business offline, even for a short period of time, the effects can be disastrous. 

However, when you have a comprehensive commercial insurance plan in place, it becomes easier to bounce back from any disruption, no matter how large or small. Everyone understands how much hard work and dedication it takes to keep a small business afloat. To have a small business succeed and prosper is even more of a challenge.

Because all businesses need to grow to survive, it is even more important to protect all of your hard work. While the future may not always turn out as expected or hoped, planning for some eventualities can make the difference between continuing on and having to close up shop. Make sure that you have the comprehensive commercial insurance that you need!

Find out more about your commercial insurance options today!

Plano, TX area small business owners can count on Paragon Independent Insurance Agency as their commercial insurance partner. We are proud to work with our local small businesses and provide them with the insurance protection they need. If you would like to find out more, give our office a call today!

If you own a business in Texas, it’s always best to have the commercial insurance you need to protect your business against a number of risks. For most businesses, there is just one type of required commercial insurance in Texas, but there are many more that you should consider in order to be better protected. If you need commercial insurance, contact us today at Paragon Independent Insurance Agency in Plano, TX to find out more. 

Commercial Auto Coverage

This type of insurance is required for all vehicles that are owned by a business in Texas. This coverage provides two different types of coverage and three amounts of that coverage. One is for a specific minimum amount for bodily injury liability when one person is injured in an accident caused by your vehicle. Another is a set minimum amount for everyone who is injured in such an accident. Both of these coverage amounts are for injuries to third parties- not to anyone in your company’s vehicle. In addition, it is also required to have a specific minimum amount of property damage liability. This pays for damages to someone else’s property, such as to a vehicle, in an accident caused by your vehicle. 

Workers’ Compensation 

This type of commercial insurance is only required for businesses that have contracts with government entities, but not for other companies. However, it’s smart to get this type of coverage for your business. It protects you in case you have an employee who becomes injured at the worksite. It pays for their medical bills and other expenses that stem from the injury. Without this coverage, you are likely to be sued by an injured employee. 

Get Your Commercial Insurance

If your business needs commercial insurance, give us a call now at Paragon Independent Insurance Agency in Plano, TX.

In Texas, there are few requirements for commercial insurance on Texas businesses. However, there are many types of commercial insurance that could be helpful for your business, even if they aren’t required. If you have questions about commercial insurance in Texas, give us a call today at Paragon Independent Insurance Agency in Plano, TX. 

Commercial Auto Insurance

The one required type of commercial insurance in the state is commercial auto coverage for any car that your business owns. This coverage has to meet the state standards, having two different types of auto coverage in one policy. In addition to those, there are many optional types of auto coverage that are often recommended for vehicles in the state. These can be extremely helpful in the event of an accident.

The required portion of your commercial auto policy must include bodily injury liability insurance to cover other parties who are injured when your vehicle causes an accident. This requires at least one set amount for one person who is injured and another minimum amount for everyone who has injuries from the accident. It is also required that you have property damage liability. This pays for the damage to someone else’s property in the accident but not yours. If you want to have your vehicle covered in case it causes an accident, you need collision coverage, though this type isn’t required. 

Workers’ Comp

Workers’ compensation is required for businesses in most states, but in Texas, it is only required when you contract with the government. Otherwise, it is highly encouraged but not required. Workers’ compensation insurance pays for the medical bills and lost wages for your employees who get injured at work.

Commercial Insurance in Texas

If you need insurance for your business, contact us at Paragon Independent Insurance Agency in Plano, TX.

If you live in Plano, TX area, becoming a business owner is a great career path. Starting your own business will help you to achieve your financial freedom and contribute to the local economy of the state.  However, regardless of the type of business you decide to start, it is important to have proper protection with the help of commercial insurance. Paragon Independent Insurance Agency prepared a list of those, who will benefit from commercial insurance: 

Business Owners Purchasing Expensive Assets

If you are planning to purchase important and expensive assets for your business, you definitely need commercial insurance. For example, if you are buying equipment to operate your business, you need to make sure that it will be repaired or replaced if it is stolen or broken. This is one of the main reasons why business owners decide to get business insurance. 

Business Owners Who Want to Protect Their Financial Future

Another reason why entrepreneurs purchase commercial insurance is the protection of the future of their company. If you decide to purchase a commercial insurance policy, it will help you protect your business assets and mitigate liability claim risk. Moreover, it also helps keep your business solvent if something happens and you incur a loss. 

Business Owners Who Hire Employees

One of the main purposes of commercial insurance is to protect employees who you hire. This type of coverage is called workers’ compensation. Even though it is not obligatory in the state of Texas, it is still recommended to get it as it provides financial compensation to employees if they get injured on the job. 

Paragon Independent Insurance Agency  – Your Insurance Agency For Protection of Your Business

If you decide to run a business in Plano, TX or any other nearby town, you should consider buying commercial insurance. Paragon Independent Insurance Agency is ready to help with that – our experienced and knowledgeable insurance agents will help you find the perfect policy addressing your personal commercial needs. Feel free to visit our website or give us a call – we are always here for you.