Biggest Risks Business Owners Face

Business owners know there are risks associated with operating a Plano, TX business. Because there are risks, it is essential to have proper insurance coverage to protect yourself against any risks your business faces, including losing the business. Continue reading to learn more about the different risks business owners face, and then reach out to Paragon Independent Insurance Agency agents for more information about protecting your business. 

Business Interruption

Some businesses suffer the loss of profits due to having to stop business operations. There are several reasons why a company may need to cease operations, including severe storms and federal emergencies/mandates.

Business Liability Insurance

There is always a possibility of someone getting injured at your business. The chance of injury to a customer puts your business at risk of being sued for medical bills and other damages. 

Commercial Property Insurance

Regardless if you own the building or rent for your business, you can significantly benefit from having commercial property insurance. The benefit of this is everything you need to run your business is at risk of getting damaged or stolen. 

Data Breaches

With advancements in technology, almost all businesses today rely on computer networks to store and retrieve business-related data. As a result, cybersecurity crimes are on the rise, and all companies working online risk data breaches. 

Worker’s Injuries

There is a risk that one of your employees will get injured at work. Workers’ compensation protects business owners by covering the employee’s lost wages, medical bills, and other financial needs while recovering from the injury. 

Plano, TX business owners understand there are risks when going into business. To ensure you and your business are fully protected, call the Paragon Independent Insurance Agency experts today for additional information. 

How Home Insurance Protects You

When you own a home, it’s important to cover that home well so that your investment in it is protected.  Home insurance comes with a few different types of coverage that all work together to keep you well protected. To find out more, call us today at Paragon Independent Insurance Agency in Plano, TX. 

Covering Your Home

Part of your home insurance is coverage for the home itself. This includes every part of the dwelling and covers you for a wide variety of disasters, accidents and calamities. When there is a major incident that causes damage to your home, your policy can pay for it to be repaired or rebuilt. This is valuable coverage that protects the massive investment you have made in your home. 

Covering Liability

There are many ways that someone could be injured in your home or on your land, and home insurance covers those possibilities. When someone is injured on your property, you may be liable for their medical bills. As most of us know, medical bills can be extremely high. That makes liability coverage one of your most important types of home coverage. 

Insurance for Your Possessions

Your home itself is not the only thing that you have invested a lot of money into. All of the belongings that are in your home are also an investment that should be protected. With home insurance, you will have some protection for all of your possessions that are inside it. If an accident, disaster or other incident damages or destroys some of your belongings, your policy can help you to repair or replace them. 

Get Your Home Insurance Policy

When you own a home, home insurance is an absolute must. To get a home insurance policy of your own, call us at Paragon Independent Insurance Agency in Plano, TX.