How Does Commercial Insurance In Plano Work?

At Paragon Independent Insurance Agency in Plano, TX, we would like to discuss how commercial insurance works. Too many businesses have been pulled down by lawsuits just because the business owners failed to insure their businesses.

Here in Plano, there are several commercial insurance coverage options. Each type of coverage protects your business from a certain type of misfortune or perils. Let’s start with the most important coverage.

Workers’ compensation insurance

If you have employees on your payroll, it is mandatory for you to purchase this policy in Plano and other cities in Texas. First, it provides funds to treat any of your employees should they sustain an injury while working for you. Secondly, it prevents them from being able to file a lawsuit against you when an accident occurs while discharging their duties and they sustain any injury.

Commercial automobile insurance

This policy is for companies who carry out their business process with the use of cars, trucks, vans, of buses. When any of the vehicles break down, this coverage will provide funds to fix it. In case of vandalism and theft, this coverage will also repair or replace the vehicle, whichever the case may be.

Also, if any of your drivers damages a third party’s property with any of the vehicles, this coverage will fix the third party property and also foot the medical bills if it leads to injuries.

Liability coverage

If a third party sues your company for any reason, this coverage will provide the funds to hire a legal team and if it turns out that you have to settle the third party with a certain amount of money stipulated by the judge, this coverage’s got your back on that too.

Apart from the three types of coverage, there are several other coverages that you should explore. Now, you’ll agree that the primary aim of commercial insurance is to protect your business from perils. If you need further guidance or clarification, we would gladly oblige you at Paragon Independent Insurance Agency in Plano, TX.

Should I Take a Driver Safety Class in Plano?

If you’re looking for ways in which to lower your auto insurance, you may have heard that taking a driver safety class can help. But before you sign up in Plano, TX, Paragon Independent Insurance Agency wants you to understand more about how this perk works and whether it’s for you. 

The Purpose of the Class 

The idea behind taking a safe driver class is that you’re reminded of the safety laws. Obviously, if you already have a license, you’ve had to learn the rules of the road before. Taking a class is a way to just reinforce those earlier lessons. You’ll also be given ways to cope with certain situations, such as road rage. While you may know what to do to maintain safety, this can be difficult to do if you’re feeling angry or otherwise flustered. 

Policies May Differ 

As you can see, there are a lot of benefits to taking a class. You may become that much safer of a driver after you’ve passed with flying colors. But if you’re hoping for a direct financial benefit, not all insurance carriers offer the same incentives for completing a course. You’ll need to call your auto insurance company to find out more about what you can expect. But even if your carrier doesn’t offer you a direct discount, a driver safety course could still pay off in the form of fewer driving violations. 

If you’re in Plano, TX, and want to understand more about what determines the price of your premium (or you’re just shopping around for quotes), Paragon Independent Insurance Agency can be of service. Contact us today to start a conversation so you can understand more about the rates in your city.