Why Your Convenience Store Needs Commercial Insurance Today

A common business in the Plano, TX area is operating convenience stores. With convenience stores being a high traffic business and very profitable, they are often targetted by crime. If you own a convenience store in Texas, it is best to have commercial insurance that includes a variety of coverages, protecting your business. Paragon Independent Insurance Agency understands the necessity of commercial insurance and crafting it to fit the needs of the client. 

Property Insurance

Obtaining property insurance on your convenience store not only covers the structure, but the parking lot, and any equipment and inventory on the property. Should the property be damaged by an accident, theft, or stolen, your property can be replaced with commercial insurance coverage. 

Liability Insurance

Was a customer hurt on your property due to your negligence? When a customer suffers bodily injury due to conditions that could have been avoided, such as a wet floor or damaged property that was not properly identified, you may be liable for any medical expenses, fees, and other costs associated with their claim. With liability insurance, you are covered and can file these costs with your insurance and not financially draining your convenience store funds.

Crime Insurance

Unfortunately, convenience stores often fall victim theft, robberies, and vandalism. Should you or an employee be involved in one of these crimes, your property and cash loss will be covered due to your policy included the crime insurance clause. For convenience stores, this coverage in commercial policy is essential, especially for those located in high-crime areas.

Call Us Today For More Information

If you are looking to purchase your commercial insurance or upgrade it to include more coverage, contact one of our agents today at Paragon Independent Insurance Agency. We proudly serve the Plano, TX area and look forward to assisting you with your commercial insurance needs.

Will Home Insurance Cover Someone Temporarily Living in Your Home?

Homeowners in and around Plano, TX often let people stay in their homes for short visits. Many people don’t stop to consider what a temporary stay can mean when it comes to their home insurance. A home insurance policy from Paragon Independent Insurance Agency can cover many things. This is a look at how a home insurance policy can affect temporary visitors.

You Should Know What Your Policy Already Covers

Typically, a home insurance policy will cover the person who signed the policy, their spouse, and their children. In addition, the policy helps to protect people who stop by for a visit as well. If you have people working on your property, such as a nanny or maintenance crew, your policy can afford them some protection as well.

However, people conducting work activities should also have insurance of their own. If in doubt, go over your policy to see who specifically falls under the home insurance coverage. You can also call and ask an agent for more information.

You Should Tell Your Insurance Company about any Extended Stays

If someone will basically live in your home for a short while, you should let your home insurance provider know. Different insurers have different policies involving temporary stays of a certain length. Make sure your policy covers them as a visitor and see if it covers their personal belongings as well.

If the person will pay you money while they’re staying at your home, the insurance company may see them as a renter. In such a case, the person staying would do well to pick up a renters policy of their own. You would do well to write up a lease.

The subject of whether someone can share your home insurance coverage in Plano, TX as a visitor or guest can vary depending on the specific details of your policy. The Paragon Independent Insurance Agency carries home insurance and renters insurance policies. Contact us today to learn more about our visitor policies or for a quote.