Does my small business need commercial insurance

As a small business owner in Plano, TX, you have many things to worry about. One of them doesn’t need to be whether or not your small business needs commercial insurance. As a small business owner, you may feel that you are alone with your concerns but in 2012,  98.2% of businesses in Texas were classified as small businesses by the Small Business administration, so you have lots of company. With the knowledgeable staff at Paragon Independent Insurance Agency waiting to help you, any questions you have can be quickly and easily answered.  

Before you know if you need commercial insurance you need to know a few of the things that it can protect you from. 

Worker’s Compensation

Texas law does not require business owners to carry worker’s compensation insurance however, many employers find that it makes finding and retaining employees easier if they know they are protected.  

Employment practices liability insurance

When you have employees there is the possibility that you end up being sued by a former employee for harassment or wrongful termination. Having insurance that can pay for legal expenses or any judgment against you can be a lifesaver. 

General liability

Things happen and if someone is hurt on your premises or by one of your products, this coverage provides liability protection. 

Building coverage

 In the event that your building location is damaged this coverage will help you to get the damage repaired. 

Business interruption

If the unthinkable happens and your business is so damaged that you can’t operate for a time, this coverage will get you through with income for yourself so that the bills can get paid. 

If any of this sounds good to you as a small business owner in Plano, TX, Paragon Independent Insurance Agency has the experience to help you make an informed decision.  Visit our website, give us a call or stop by for a no-obligation quote. 

Does Auto Insurance Cover Hopsitalization?

Being hospitalized after an automobile accident is a terrible thing, the pain, the suffering, and the costs that are associated with it are often crippling. That being said, insurance is in place to help soften the blow of this type of expense. For those that live in the Plano, TX area, the agents with Paragon Independent Insurance Agency can help you find a policy that works for you.

For the most part, your auto insurance is going to pay for part of your bills and expenditures that are associated with an accident. For the most part, however, your auto insurance is only going to cover you up to a certain monetary value then your health insurance takes over. A great example in cases where you have to enter the hospital. Your auto policy will pay a sum of money toward your car then when that money runs out, your health insurance steps in to help continue your care and get you back in good shape. This is going to help make it possible to make sure you are covered by some sort of insurance and that you are not required to cover the entire cost of your recovery and medical care.

In most cases, your auto insurance is going to have a set number or liability that it will pay, say $10,000 for instance, and anything beyond that is going to be run through your health insurance to determine what your portion of the bill is after that. This is just to help keep costs low and to make sure that an auto insurance company is not going to have to pay for all your medical bills even though you have a health insurance policy. For those in the Plano, TX area, the agents with Paragon Independent Insurance Agency can help.