Commercial insurance protects your business in the event there is an accident. To protect your Plano, TX small business, you must ensure that every vehicle used by your business is insured. Some people wonder if they can save by using their regular insurance when using their personal vehicles. At Paragon Independent Insurance Agency, we can help answer your commercial insurance questions. 

When Is Your Personal Vehicle a Work Car?

Your personal vehicle becomes a work vehicle if you use it for anything during the course of business. Here are some examples of work activity:

• picking up supplies or dropping off goods,
• using your vehicle as part of a service your company provides, 
• traveling between work locations on work time and
• visiting clients.

You Can Open Yourself And Your Business Up To Liability 

If an accident occurs during the course of business, your regular insurance will not be responsible. Your business will still be responsible for any damages, including property damage, medical expenses, lost wages, rental vehicles, and pain and suffering. You will also be responsible for handling the lawsuit if someone sues you.

You May Also Face Legal Consequences

In Plano, TX, you can face fines and other consequences if you or an employee are found to be driving without insurance. The fines usually increase if there are multiple violations. Additionally, the vehicle could be towed, and you may have to prove that the vehicle is insured correctly to get it back.

Protect your Plano, TX small business by ensuring you have the necessary coverage. If you want to discuss your coverage or have any questions about commercial insurance, please call Paragon Independent Insurance Agency today.

Do you want to learn more about how to get commercial business insurance in Texas? 

Smart business owners in Texas know that having commercial insurance in the Wild West isn’t a luxury for business owners; it is a necessity. 

Commercial business insurance helps business owners protect their long-term investments from financial losses that can arise from unexpected events. 

Knowledgeable insurance agents can explain the benefits of commercial insurance as part of a comprehensive business strategy to mitigate risk. 

Natural Disasters, Heat Waves, and Storms

The recent influx of severe storms and extreme weather reminds Texas business owners that natural disasters, hurricanes, and heat waves can cause property damage, supply chain disruptions, and business shutdowns. 

Business owners get commercial insurance to shield businesses from potentially devastating effects caused by severe weather and storms, but the protection doesn’t end there. 

Get Business Liability Coverage

Commercial insurance can provide liability coverage for accident-related claims filed against a business. It can also help business owners recover from property damage, theft, or vandalism on their premises. 

In today’s digital age, business owners need to protect their digital assets from prying eyes and bad actors who implement cyberattacks and technology breaches that interrupt the normal flow of business. 

Don’t Leave your Texas Business Exposed to Risks in the Wild West! 

Talk to a licensed insurance agent at Paragon Independent Insurance Agency in Plano, TX, to learn about your coverage options. 

We specialize in offering tailored insurance solutions for Texas-area businesses. Our agents can help small business owners, startups, and corporations choose the best commercial insurance for their needs. 

Contact an agent to get a free commercial business insurance quote today! 

Single-vehicle accidents account for 35% of traffic incidents nationwide. That number makes it vital that you understand what to do if you are involved in a single-vehicle accident and how insurance coverage works. Our Paragon Independent Insurance Agency team, serving Plano, TX, is here to answer your insurance questions and ensure you have the coverage you need.

Understanding Fault In Single-Vehicle Accidents

Texas is an at-fault state, meaning we determine who is at fault for each accident and who is responsible for any liability resulting from the accident. The need to determine liability applies in single-vehicle accidents because the driver is not automatically at fault for a single-vehicle accident. Factors other than the driver that can contribute to a single-vehicle accident include:

• Inclement Weather
• Road conditions or unkempt roads
• Hidden road signage
• Obstacles or animals on the road
• Mechanical malfunction
• Other drivers’ negligence

Because those contributory factors can influence the determination of fault, you should obtain a police report and safely document the scene whenever you are involved in an accident. If other factors are relevant, others may be found liable or partially liable for the accident and may be required to compensate the accident victims.

Even in a single-vehicle accident, correctly reporting and recording information about an accident can help determine fault, allowing you to avoid or reduce liability. Besides offering peace of mind, this can save you and your insurance company money in the long term.

Working With Paragon Independent Insurance Agency

Your friendly team at Paragon Independent Insurance Agency, serving Plano, TX, is ready to address all your insurance needs, including automobile insurance. So, give us a call or stop in today to ensure you are appropriately covered while driving Texas roads.

Are you a business owner operating your business in the Lone Star State? You need to carry proper commercial insurance that will protect your business, you as a business owner, and your employees if you have any. Commercial insurance can be a complex topic. Therefore, you should work with an insurance expert to understand it. Here is some essential information about business insurance in Texas you should know. 

What Should You Know About Commercial Insurance in Texas?

The crucial facts about business insurance in the Lone Star State include the following:

• Texas does not require workers’ compensation. An interesting fact is that Texas is one of the two states that does not require businesses to have workers’ compensation. However, there are certain exceptions to know. The following operations and industries need workers’ compensation: the public sector, construction contractors for public entities, natural gas and liquid propane dealers, and motor carriers. 
• There are factors affecting the cost of your business insurance. The main factors are the industry type and the size of your company. Business experience, risk management, prior insurance history, and other factors also play a significant role.
• Insurance is regulated by the Texas Department of Insurance (DOI). The DOI regulates all types of insurance in the state, including business insurance as well. Therefore, you can always contact the DOI if you have any questions or issues with your insurance. 

Paragon Independent Insurance Agency – Reliable and Trustworthy Agency in Texas

If you are shopping for commercial insurance in Texas and do not know where to start, Paragon Independent Insurance Agency serving clients in Plano, TX is here to help. Our qualified and knowledgeable insurance experts are here for you. We are ready to answer all your questions and help you find the policy you need. Whether you operate a business in Plano, TX, or any town in the Lone Star State, feel free to contact us. 

Running a business can be risky, and it’s essential to have appropriate insurance coverage to protect yourself, your employees, and your property. Different companies will need different types of insurance policies, but there are some common policies Paragon Independent Insurance Agency recommends for businesses in Plano, TX.

• General Liability Insurance: This type of insurance is designed to protect your business from expenses related to third-party claims. It covers issues like property damage, bodily injury, and advertising injury and is often mandatory for businesses that rent or lease their premises. General liability insurance also covers legal costs if a third party files a lawsuit against your business and helps cover the medical bills of someone who gets injured on your premises.
• Property Insurance: Property insurance protects your business from fires, vandalism, theft, or natural disasters that can damage your property. This policy covers your business buildings, inventory, equipment, furniture, and other physical assets against damage or loss caused by covered events.
• Workers’ Compensation Insurance: If you have employees, you should have workers’ compensation insurance. This policy provides wage replacement and medical benefits to injured or sick employees while performing their job duties.
• Commercial Auto Insurance: If your business operates any vehicles, including company cars, delivery trucks, or construction equipment, you should have commercial auto insurance to cover them.
• Professional Liability Insurance: Professionals who provide expert advice or services to clients, such as doctors, lawyers, accountants, architects, and consultants, should consider professional liability insurance.

Running a business can be challenging, and having the right insurance policies is key to protecting your Plano, TX business from potentially debilitating financial losses. Contact Paragon Independent Insurance Agency today. We can help you get the insurance you need to prepare for the unexpected in the future.