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Paragon Independent Insurance Agencies, Inc

6305 Preston Road #1000
Plano, TX 75024

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Understanding Common Types of Commercial Insurance

Running a business can be risky, and it’s essential to have appropriate insurance coverage to protect yourself, your employees, and your property. Different companies will need different types of insurance policies, but there are some common policies Paragon Independent Insurance Agency recommends for businesses in Plano, TX.

  • General Liability Insurance: This type of insurance is designed to protect your business from expenses related to third-party claims. It covers issues like property damage, bodily injury, and advertising injury and is often mandatory for businesses that rent or lease their premises. General liability insurance also covers legal costs if a third party files a lawsuit against your business and helps cover the medical bills of someone who gets injured on your premises.
  • Property Insurance: Property insurance protects your business from fires, vandalism, theft, or natural disasters that can damage your property. This policy covers your business buildings, inventory, equipment, furniture, and other physical assets against damage or loss caused by covered events.
  • Workers’ Compensation Insurance: If you have employees, you should have workers’ compensation insurance. This policy provides wage replacement and medical benefits to injured or sick employees while performing their job duties.
  • Commercial Auto Insurance: If your business operates any vehicles, including company cars, delivery trucks, or construction equipment, you should have commercial auto insurance to cover them.
  • Professional Liability Insurance: Professionals who provide expert advice or services to clients, such as doctors, lawyers, accountants, architects, and consultants, should consider professional liability insurance.

Running a business can be challenging, and having the right insurance policies is key to protecting your Plano, TX business from potentially debilitating financial losses. Contact Paragon Independent Insurance Agency today. We can help you get the insurance you need to prepare for the unexpected in the future.

Beyond Basic Coverage: Additional Options for Texas Auto Insurance

Texas state laws require all drivers operating motor vehicles to have at least the state minimum required insurance on their cars when traveling the roadways. Add-on coverage options can enhance your coverage and provide additional benefits. 

A licensed insurance agent at Paragon Independent Insurance Agency in Plano, TX can help you choose the best add-ons for your Texas auto insurance policy. 

Beyond Basic Coverage Insurance Add-on Options for Texas Drivers

Collision Coverage 

People who choose collision coverage as an add-on to their Texas liability insurance policies extend their benefits to cover vehicle repair or replacement for cars in an accident. 

Comprehensive Coverage

Often called "full coverage," comprehensive insurance adds another layer of financial protection from non-collision-related incidents like theft or vandalism. 

Uninsured Motorist Coverage

This add-on helps mitigate and reduce the devastating effects of financial damage for drivers in an accident with non-insured motorists on Texas roads. 

Rental Car Coverage

Many insurance policies offer rental car coverage as a premium add-on for drivers who need to rent a car while their vehicle is being repaired or replaced. 

Emergency Roadside Assistance

Nothing is worse than you and your loved ones being stuck on the side of the road with no help in sight. Roadside assistance coverage offers Texas drivers a security blanket in the form of emergency roadside assistance and towing. 

How to Add Additional Coverage to Your Texas Auto Insurance Policy

Most coverage options can be added to your policy at any time. Talk to a licensed insurance agent at Paragon Independent Insurance Agency in Plano, TX, to learn how to add these extended coverages to a new or existing Texas auto insurance policy. 

An experienced agent can answer your questions about insurance add-ons and give a free quote! 



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