Required Commercial Insurance in Texas

If you own a business in Texas, it’s always best to have the commercial insurance you need to protect your business against a number of risks. For most businesses, there is just one type of required commercial insurance in Texas, but there are many more that you should consider in order to be better protected. If you need commercial insurance, contact us today at Paragon Independent Insurance Agency in Plano, TX to find out more. 

Commercial Auto Coverage

This type of insurance is required for all vehicles that are owned by a business in Texas. This coverage provides two different types of coverage and three amounts of that coverage. One is for a specific minimum amount for bodily injury liability when one person is injured in an accident caused by your vehicle. Another is a set minimum amount for everyone who is injured in such an accident. Both of these coverage amounts are for injuries to third parties- not to anyone in your company’s vehicle. In addition, it is also required to have a specific minimum amount of property damage liability. This pays for damages to someone else’s property, such as to a vehicle, in an accident caused by your vehicle. 

Workers’ Compensation 

This type of commercial insurance is only required for businesses that have contracts with government entities, but not for other companies. However, it’s smart to get this type of coverage for your business. It protects you in case you have an employee who becomes injured at the worksite. It pays for their medical bills and other expenses that stem from the injury. Without this coverage, you are likely to be sued by an injured employee. 

Get Your Commercial Insurance

If your business needs commercial insurance, give us a call now at Paragon Independent Insurance Agency in Plano, TX.

How Home Insurance Works

When you are a homeowner, it’s always important to have a home insurance policy in place. These are generally required by mortgage lenders, but even when they aren’t, it’s a good idea to have one on your home. It protects you against a wide range of calamities, disasters and accidents. If you don’t have the home insurance you need, give us a call at Paragon Independent Insurance Agency in Plano, TX.

Protection for the House

The house itself needs to be protected, as it is likely your largest investment. If something serious were to happen to it, it can be prohibitively expensive to try to repair it with your own funds. Homes can sustain damage in a wide range of incidents, and your home insurance is there to pay for damage that is done by a covered incident. Your policy can even pay to rebuild your house if that becomes necessary. 

Protection for Your Possessions

Your possessions in your home are also expensive, especially when you add up the value of all of it. If a serious incident did occur and damaged or destroyed your belongings, it may be impossible to pay for everything to be repaired and replaced if you had to pay for it all yourself. That’s why having home insurance is so critical. It can pay for all of those items so that you don’t have to start over with nothing. This coverage can become necessary because of a wide range of accidents, disasters and other incidents. 

Get Your Home Protected

There are several ways that a home insurance policy protects you and your home, and all of them are important to have to protect your financial future. If you own a home and need to get a home insurance policy for it, call us at Paragon Independent Insurance Agency in Plano, TX.