Who in Plano should get commercial insurance?

In the Plano, TX area there will continue to be a lot of opportunities for success for small businesses. While there is a lot of potential here, businesses in this area of Texas do still have certain business risks. If you are going to start a company here, you can mitigate these risks with insurance. There are several scenarios when your business should obtain commercial insurance. 

Those With Insurance Requirements

One situation when a business owner here will need to get commercial insurance is when they have insurance requirements. There are a lot of situations when having commercial insurance will be required. If you have taken out a business loan, lease a building, or have raised capital from investors, you likely will have commercial insurance requirements. All of these stakeholders will require you to get coverage due to the protection it provides. 

Those Looking to Build Credibility

No matter what industry you operate in, there will always be the competition that you need to beat out to win new business. When a new customer is evaluating a potential vendor, they will want to ensure that the company is properly insured. If you have a quality commercial insurance policy in place, it can make your organization appear more credible, will reduce the risk for the customer, and could help you win more business.

Anyone that is looking for a commercial insurance policy in the Plano, TX area will have a lot of important decisions to make When you are looking for a new policy here, you should call the Paragon Independent Insurance Agency. It is always very challenging to know what coverage you should get for your company. The Paragon Independent Insurance Agency will be able to evaluate your organization and determine the best way to insure your company against certain risks. 

When is home insurance a requirement?

The biggest asset that a lot of people will ever own is their home. Those that purchase a property can see significant equity growth over time as they pay down their mortgage and see their property slowly increase in value. If you are going to purchase a home in the Plano, TX area, you will want to ensure this investment is protected with home insurance. There are several reasons why having this insurance could also be a requirement for you.

Insurance is a Lender Requirement

Most people that buy a home in the Plano area will take out a mortgage so they can finance the purchase of it. If you do this, it will likely allow you to purchase a larger and more expensive home. However, you will have some obligations that need to be met. One task that you will need to do consistently will be to get proper insurance for it. The lender will likely review your insurance, approve it and then even escrow your monthly payments.

When in a Home Association

Another common situation when people in Texas will need to get home insurance will come when they live in a home association. Property associations are very common, particularly for those that live in newer communities that offer local amenities. If you do live in one of these communities, you will have insurance obligations. Most of the time, you will have to provide evidence of coverage at least once per year.

There are plenty of reasons why you should get insurance for your home. Even if it is not required, those that are in the Plano, TX area should speak with the Paragon Independent Insurance Agency about their needs. Paragon Independent Insurance Agency can help you build a policy that will provide necessary coverage. 

Should you get commercial insurance if you rent co-working space?

Co-working has taken off in the past five years for a number of reasons. Not only does the concept allow for better collaboration among fellow entrepreneurs, but co-working spaces also present a more cost-effective means of professional office spaces. Should you get commercial insurance if you rent a co-working space in Plano, TX, though? The agents at Paragon Independent Insurance Agency can help you determine if such an indemnity policy is right for your company.

What a co-working contract includes

When you subscribe to co-working, you agree to pay a set amount every month to use the provided facilities. Most co-working space owners also include general liability coverage that pays for injuries to members as well as their clients. 

What the contract leaves out

A co-working contract does not include intellectual property. You may also find yourself out of luck in the instance of theft as many co-working spaces in Plano, TX do not assume responsibility for items lost or stolen on the premises. You essentially leave your equipment at the space at your risk when you do not have your own commercial insurance plan. 

Why you should invest in a commercial insurance policy

You can craft your commercial indemnity plan to pay for lost or damaged equipment at a co-working space. You can also use the policy to protect you in the instance that you are sued for giving advice to a client that ultimately leads to financial loss. 

Let Paragon Independent Insurance Agency help

Using co-working space may be an effective way to save on the rent and other monthly expenses associated with running a business. The option is not, however, a way for you to avoid commercial insurance altogether. 

Paragon Independent Insurance Agency can help you find an indemnity policy for your unique business. Call them today to get started with a quote for coverage

Who needs auto insurance in Plano?

The Plano, TX area is a great place for anyone to work and live. If you are going to live in this area of Texas, you will undoubtedly need to have a car as it will make it a lot easier for you to get around. When you are looking for a car, you should also consider your insurance needs. There are many situations when you will need to have auto insurance in Plano.

When Taking out a Loan

One situation when you will need to have auto insurance is when you are going to take out a loan. Those that are purchasing a car may need to finance the purchase with a loan. No matter who provides the loan, there are bound to be insurance requirements. Most of the time, you will need to have a full collision and comprehensive policy as it will provide great protection for you and the lender’s collateral.

When Driving on a Public Road

You are also going to need to have auto insurance whenever you want to drive on a public road. Anyone in Texas will need to meet the minimum liability auto insurance levels in order to drive legally. This will help to ensure that you are able to pay for damages caused in an accident and it ultimately protects all drivers on the road. If you do not have this auto insurance coverage, you could be penalized.

There are many situations when someone will need to have auto insurance in the Plano, TX area. If you are shopping for auto insurance here, you should call the Paragon Independent Insurance Agency. The team at the Paragon Independent Insurance Agency can help you understand your needs and options. This will make it much easier for you to choose a policy. 

Is there anything that my homeowners insurance doesn’t cover?

Few would argue the benefits of homeowner’s insurance. This insurance has the ability to create peace of mind and make issues with your home more financially manageable. homeowner’s insurance can cover property damage, your personal belongings, and injuries to others, to name a few. Paragon Independent Insurance Agency of Plano TX is dedicated to helping you navigate homeowner’s insurance.

Homeowner’s Insurance Covers A lot But…
Although homeowners insurance covers many things…few of us understand that this insurance doesn’t cover everything. There are specific situations and circumstances that aren’t covered under homeowner’s insurance. As a homeowner, it pays to find out what’s not covered. Most of us understand that many things are covered under homeowner’s insurance and this creates peace of mind for many homeowners. If someone is injured on your property, homeowner’s insurance can cover medical bills. In addition, if your personal belongings are damaged, homeowner’s insurance can cover this too. 

What’s Not Covered…
Unfortunately…there are certain things that aren’t covered under most homeowner’s policies. Some of the things that aren’t covered are associated with the natural aging process of a home in addition to other common issues many homeowners experiences. Damage to your home caused by termites, birds, rodents, and insects aren’t covered under homeowners insurance. Also, mold, rust, rot, and other forms of wear and tear brought on by the age of a home aren’t covered either. Defective or poorly made aspects of your home aren’t usually covered under homeowner’s insurance. If you experience issues like these with your home there is a chance that your homeowners’ insurance policy won’t cover these kinds of issues. Our agents at Paragon Independent Insurance Agency of Plano, TX are dedicated to helping you understand homeowner’s insurance and understand what’s covered and what isn’t.

3 Reasons to File an Auto Insurance Claim

Filing an auto insurance claim in Plano, TX can be confusing, especially if you don’t know very much about your policy. Paragon Independent Insurance Agency is here to provide you with a few common scenarios so you have an idea of when it’s appropriate to go through with the process. 

1. When Another Party Is Involved 

If you drive your car into a brick wall and you only damage your car, you might not file a car insurance claim if you have liability only. However, as soon as the collision involves someone else, you should file a claim with your insurance carrier. Even if the accident was minor, the repairs may end up being a bigger deal than you realize. 

2. If Someone Was Injured 

Similar to the above, if someone was injured during the accident, it’s vital to file a claim. It’s even more important to keep as many details as possible about the accident on hand. From written descriptions to photos, the more information, the easier it will be to determine the outcome of the situation. 

3. When Your Car Is Stolen 

Every policy differs, but theft is generally covered for most policies. If your car has been taken, you should file a claim with your insurance company alongside a police report in Plano, TX. You should consider getting a GPS tracker for your car to make it easier to track it down in the case it’s taken. 

Paragon Independent Insurance Agency knows that policies aren’t always clear based on the language in your contract. If you have questions about when it’s appropriate to file a claim and what your policy covers, give us a call today to start the conversation before something happens instead of after. 

What are the benefits of getting home insurance in Texas?

The Plano, TX area is a very popular area for people to move to. This area is located near the city of Dallas and offers a lot of opportunities, which also makes it a great housing market. If you are going to purchase a home here, you do need to make sure that you are covering and protecting it as well as possible. One great way that you can do this is by getting a home insurance policy as it offers a range of benefits to policyholders. 

Gives Valuable Insurance Protection

One reason that you should get this insurance is that it can give you great protection. Home insurance has a variety of benefits including protection for your dwelling, coverage for your personal assets, and even liability protection. All of these could help to protect you and your investment in your home.

Ensures Compliance

You should also get a home insurance policy because it can help to ensure you remain in compliance with a variety of agreements. Anyone that lives in a home association or has taken out a mortgage will have home insurance obligations. Getting into a policy will help to ensure you meet these requirements. 

There are many reasons that someone in the Plano, TX area will want to get a home insurance policy. While there are a lot of benefits that come with this form of insurance, picking the right policy can seem confusing and challenging. When you are looking to get a home insurance policy here, it could be a great option to call the team at Paragon Independent Insurance Agency. The insurance team at Paragon Independent Insurance Agency can help you assess your home insurance needs and get you into the right policy for your situation.

What does Commercial insurance in Piano TX entail?

In the heart of Plano, TX is Paragon Independent Insurance Agency whose aim is to provide quality commercial insurance services to all its members. We give our members confidence in business prosperity, by proving competent protection through our insurance company. Under commercial insurance, we cover the areas sampled below:

Property Damage Cover.

We value our members’ business property at Paragon Independent Insurance Agency. Under property damage’ we cover your business in various critical situations such as:

  • Theft.
  • Accidents in business premises such as a fire outbreak and collapsing of your business building.

If you have not yet purchased the insurance cover, we are confident in providing business protection for you at our insurance company in Plano, TX.

Umbrella Insurance.

In every situation in your business life, it’s wise for you to have a backup plan in all your investments. Umbrella insurance is a service that we offer our members away from their commercial insurance. Umbrella insurance is meant to back your business up.in a case where the level of damage exceeds the policy you have purchased, umbrella insurance covers the extra cost.

Umbrella insurance under commercial insurance in Plano, TX gives you the certainty that you may not incur losses in your business life. A business life with no or few losses is a successful business.

 Overall business liability cover.

As a business person, you should always consider your customers’ and employees’ safety and insurance cover. On purchasing the commercial insurance in Plano, TX, it’s important to purchase the general liability cover. This is meant to cover your employees and customers in many ways such as:

  • Body injuries in the business premises.
  • Accidents during working hours.

As soon as you purchase this policy in Paragon Independent Insurance Agency, you psyche your employees and they find it very easy to work in the business hence your business grows. For more information and queries please call us at (972) 867-9797.

Do Any States Require Comprehensive & Collision Auto Insurance?

If you live in Plano, TX, your state does not require you to carry any auto insurance besides liability protection. And this applies pretty much wherever you live, except for New Hampshire, where you are free to drive without insurance (though you do need to be able to pay for liability costs should you cause an accident). There are also a few states like Mississippi where you can skip insurance if you are willing to pay a fee to the government. This fee is usually more expensive than insurance, so insurance is effectively mandatory in these states anyway.

The states vary on how much insurance you are required to carry, but none of them require that you carry comprehensive and collision. This is because comprehensive and collision are an investment into your own property. We are required to carry insurance so that other drivers are covered for any damages that we cause. When it comes to our own damages, we’re free to use our own judgment.

Skipping comprehensive and collision isn’t a great idea, of course. But the only entities that can require that you carry it are lenders for car loans, cosigners, and other people or companies with whom you have entered a contract. In which case you are contractually obligated to carry insurance, but not by state law, and the matter would be handled in civil courts if you were to skip out on your insurance payments.

If you are still looking for an insurer to cover you in Plano, TX, get in touch with Paragon Independent Insurance Agency, and let’s see what we can do for you. You can call us or contact us through the Paragon Independent Insurance Agency website.

What types of commercial insurance is available for your Texas business

If you own a business in the Lone Star State of Texas, you will want to obtain commercial business insurance. One of the requirements in Texas is for owners of private or public businesses to obtain a workers’ compensation insurance policy. This will cover all of your employees in the event they are injured on the job or become ill because of doing their job.

You must have a commercial auto insurance policy in place to cover all vehicles used for your business and owned by your business. You must have the minimum amount of liability auto insurance under Texas law which is $25, 000 per person, $50,000 per accident, and $15,000 for property damage caused by an accident involving one of your business’ vehicles.

You will also want to have general liability insurance in place which will protect you and your business if someone claims they were injured while visiting your business or due to a product or produce or sell. This policy will cover the injured person’s medical bills associated with the mishap and damage to their property. It can also cover a dissatisfied customer who files a lawsuit.

You will also want to include in your commercial insurance policy insurance for fire, theft, vandalism, and damages to your business from a natural disaster, such as a tornado or hurricane. Your livelihood depends on your business being able to function and if there is business disruption, you will need insurance in place to cover those losses.

To create the best commercial business insurance for you and your business, contact the experienced and trusted insurance agents at the Paragon Independent Insurance Agency in Plano, TX.