Can I get a discount by purchasing all my commercial insurance policies through one agent?

So you have your small business and now you need to protect it. But just like with every other business expense, you want to watch your bottom line and find the discounts where you can.

You may already know which kinds of commercial insurance your Plano, TX needs, but if you don’t, you can start by speaking with one of the representatives at Paragon Independent Insurance Agency. We’re always happy to help you sort out what your needs are, with no obligation.

Business Owners Policy (BOP) and Other Bundling Discounts

You can definitely earn discounts by bundling your policies, and you get the added advantage that the policies are more convenient to maintain and claims will be smoother with one carrier. The Business Owners Policy (BOP) is popular because it puts together the most important kinds of coverage which is tailored to your needs.

Normally, the BOP will include at least proper insurance, to protect the premises, and general liability, to shield you from lawsuits. You can also add coverage for automobiles, professional responsibility, work stoppage, and other kinds of protection.

Other Kinds of Discounts

You probably won’t get the discounts you want unless you ask for them, so don’t be shy. There are safety discounts available for some businesses, for taking preventive measures like installing burglar alarms and sprinklers. If you belong to a certain organization or group, you may qualify for a special discount. And staying with the same insurance company will earn you a loyalty discount.

You don’t want to think about these boring issues, but your Plano, TX business depends on you to keep it safe. Call Paragon Independent Insurance Agency today if you have any questions or would like more commercial business coverage.

Damages Covered By Home Insurance Offered By Paragon Independent Insurance Agency

Home insurance describes a package policy which offers financial protection for your home and personal property inside. It may also cover the cost incurred if you accidentally destroy another person’s property or if someone gets injured on your property, thereby protecting the homeowner and their family from being liable. There is no one-size-fits-all when it comes to home insurance. Before you purchase a home insurance package it is important that you are aware of what is covered and what is not. Paragon Independent Insurance Agency which serves Plano, TX provides different home insurance package.

There are different homeowners insurance package, the most basic (HO-1), upgraded policy (HO-2), and the most complete (HO-3). The most complete home insurance policy covers for 16 different perils or disaster that may affect your home. Some of these perils include; theft, fire or lightning, falling object, explosions, volcanic eruption, damages from electrical currents generated artificially etc.

There are four main types of coverage that are included in the standard home insurance policy. Everything that is covered can be listed out in any of these four categories below;

1. Structure of the home: 

This is also called "dwelling", it is the part of the policy which covers physical damage which is done to the house itself, this would include any damage done to the walls, roof, floor or doors. Other structures which are not necessarily visible can also be covered under this policy.

2. Personal belongings:

This form of insurance covers the personal belongings of the policyholder regardless of where they are located in the world. It also extends to the belongings of others under two circumstances; firstly, if the property is located on the property of the policyholder, and secondly, the property of guests while the policyholder is around.

3. Liability:

This portion of the home insurance policy protects the policyholder, their family, and pets from lawsuits for property damage and bodily injury that they are to blame for. The insurance will be responsible for court costs and any awards that you are responsible to pay. This policy travels with you and your family members even to your neighbor’s house.

4. Additional living expense:

Also called ALE, this covers the cost incurred when staying elsewhere aside from your home because it is not livable. It covers costs such as hotel bills, restaurant, and other expense.

To find out more about Home insurance and what is covered, you can visit the website of Paragon Independent Insurance Agency which serves Plano, TX. 

Why You Need Commercial Insurance to Protect Your Restaurant

Like most restaurant owners you probably put in a lot of work to get your establishment up and running. Now, you have to protect your investment.

If you do not have adequate commercial insurance, then you could wind up joining a large number of unfortunate restaurants that go out of business with seeming regularity.

To help you understand just why commercial insurance is a vital necessity for restaurant owners, following are three top reasons these businesses get covered.

Accident Liability

When patrons enter your premises, you assume a duty to protect them. A “slip and fall” on a wet floor can lead to a negligence claim. Likewise, someone could get sick from your food or burned eating something a bit too hot.

You will want some commercial insurance to support you against any unplanned costs. Fortunately, Paragon Independent Insurance Agency, serving Plano, TX, can help.

Liquor Incidents

As a restaurant owner, you can be held responsible for injuries caused by your customers. Fights and vehicle accidents after drinking are common incidents.

 Do not wait until you receive a civil court summons. By then, it could be too late.

Inventory Losses

Unless you are a genius at purchasing and supply chain management, you usually have excess product to store.

Things can happen to prolong the storage time. For example, stormy weather might prevent you from opening. Perhaps the electricity is out, as well. Food could be spoiled. The cost of fully restocking your inventory, all at once, can be staggering.

Receive Professional Advice Today

Get commercial insurance to help protect your business.

Be sure to speak with the compassionate staff at Paragon Independent Insurance Agency, serving Plano, TX, about the best policies and rates for restaurants.

 

 

4 Hacks for Stress-free Holiday Driving

Holiday travels can be challenging, especially during Christmas. If you’re planning a road trip to visit family or friends in Plano, TX this season, the following hacks can help you have a safer, more enjoyable trip.

Plan Your Travels

Plan your trip in advance to avoid the last minute rush. Plan your routes and travel time, service your car and budget your finances accordingly so there are no loose ends by the time you’re ready to travel. If you’re traveling with children, get them involved in the planning so that they feel a part of the action. Older children can help with such tasks as planning games or snacks, preparing a music playlist or being the official photographer for the trip.  

Pace Yourself When Driving

The journey is just as important as the destination. Pace yourself when driving and take time to enjoy your travels. You can break your trip into intervals, giving yourself time to stop and “smell the roses” along the way. Rather than pass a beautiful park, stop for an impromptu picnic. Look for opportunities to explore interesting places or take part in new experiences. By going slow and being open to a flexible driving schedule, you can keep stress at bay.

Take Advantage of Technology

Every road trip has its harrowing moments when traffic comes to a standstill or weather conditions slow you down to a crawl. Be prepared with the joys of modern technology. Laptops, tablets, and smartphones can come in handy to keep your kids entertained during these times. If you have internet connectivity in your vehicle, encourage your kids to take advantage of it to keep the peace and preserve your sanity.

Make Sure You’re Covered

Update your auto insurance with Paragon Independent Insurance Agency in Plano, TX. Knowing you have auto insurance protection can alleviate any worries about unforeseen accidents. At Paragon Independent Insurance Agency, we can help you select auto insurance coverage to meet your specific holiday driving needs.

Insurance Regulations for Commercial Trucks

For commercial truck drivers in the Plano, TX area, insurance is one of the most critical parts of running a successful business. Without proper coverage, an accident with a commercial truck can have dire consequences for your company. The agents of Pargon Independent Insurance Agency are available to help you meet all of the Texas state requirements for commercial truck insurance.

 Commercial Insurance Liability Rules

In all states, including Texas, the Federal Motor Carrier Safety Administration requires a minimum amount of liability insurance coverage for commercial trucks. The required liability insurance will cover damages related to an accident caused by the truck driver. Payouts to the victim may cover repair costs and medical expenses. The weight and load of the commercial truck determine the amount of required liability insurance. As an example, commercial trucks over 10,001 pounds need a minimum of $750,000 in liability insurance due to federal regulations. However, in many cases, Texas requires companies to carry an additional $250,000 in coverage. Federal and state regulations can change year to year and minimum amounts are always subject to fluctuations.

Special Considerations for Truck Commercial Insurance in Plano, TX

Trucks transporting hazardous materials will need extra insurance coverage on vehicles. In Texas, companies have a requirement of $5 million in liability coverage for vehicles carrying hazardous or explosive materials. Texas will also change coverage limits and form requirements based on where the truck will be used. Commercial trucks traveling out of state must work with a trusted insurance agent to get just the right amount of required coverage. An agent will also assist you with getting the correct forms submitted to prove your commercial truck is properly insured. The required Department of Transportation forms in Texas may include BMC-99, Form H, Form E, and MCS-98.

Contact any of the agents from Paragon Independent Insurance Agency today to ensure you get the right amount of coverage for your commercial truck.

 

Protect Your Assets with Commercial Insurance in Plano, TX

Do you own a business in Plano, TX? If so, good for you. This is a great place to be a small business owner. However, have you taken the necessary steps to ensure your business is protected? The fact is, there are many issues and tragedies that could occur, which is why having commercial insurance is so important.

Do you own a business, but have yet to purchase this coverage? If so, now is the time to consider it. You can utilize the services at Paragon Independent Insurance Agency, and the tips here, to get the protection you need for a price you can afford.

1. What to Consider When Buying Commercial Insurance?

When you are ready to purchase commercial insurance, you need to figure out what you need and how much you need. There are many different types of commercial insurance to purchase. For example, general liability insurance and workman’s compensation insurance are two types that all business owners need. However, if your workers use a fleet of company vehicles, for instance, you may also need to purchase a commercial auto insurance policy. Be sure to review all of your assets to determine the type of commercial coverage that you need.

2. Buy Smart

When it is time to purchase one or more commercial insurance policies, be sure to be smart about it. Compare prices and policies and work with a reputable agent. This will help ensure you get the coverage you need for a price you can afford.

If you are ready to purchase commercial insurance coverage in Plano, TX, reach out to the professionals at Paragon Independent Insurance Agency. They will help you determine the exact coverage you need and help you stick within your budget.

Keeping Your Dryer Vent Clean and Safe

Your dryer is an important appliance in your home, but it does need to be maintained properly in order to keep working efficiently and safely. Here are some tips on that from Paragon Independent Insurance Agency serving the Plano, TX area.

Cleaning the lint tray

Remove all lint from the dryer’s lint area every time you run the dryer, even if there is just a small amount of lint in there. It only takes a moment but makes a big difference. There will likely be more lint when you are washing certain items, such as new towels and blankets. Also make sure you clean around the dryer area, such as on the floor, because dust and lint can accumulate there and become a safety hazard.

Cleaning the dryer vent

Periodically do a more thorough cleaning of your dryer vent using specifically designed tools that can get further into the dryer vent. It will not take much time to do this and will be a worthwhile task.

Maintaining the dryer vent

Occasionally hire a professional who can perform a cleaning of your dryer vent. You will not have to do that very often, but it will be worth it as you make the effort to keep your dryer vent clean and safe. It is definitely an affordable investment in keeping your dryer running smoothly and safely.

Properly maintaining and cleaning the dryer vent provides numerous benefits, including improving home safety and helping an important appliance to function at its full potential. Write these tasks on your "to do" list or calendar, and make sure to do them as needed. If you need more tips about home safety or need assistance with home insurance, feel free to contact Paragon Independent Insurance Agency serving the Plano, TX area.

Three common types of auto insurance and what you need for quote.

Auto insurance policies are usually made up of various different types of coverage, every one coming along with its unique premiums and benefits. For consumers to come up with the best quality policy package and quote, it’s always important to have an idea of what is being offered, as motorists have several different coverage amounts for the different components that they can always select from. If you reside in Plano, TX Paragon Independent Insurance Agency will cater for all your auto insurance needs, from purchasing to renewal!

The following review provides a list of the most common auto insurance types and what you need for a quote.

Auto Liability Insurance.

Also known as financial responsibility insurance, the Texas auto liability insurance is the least auto insurance coverage type required of all Texas drivers. In the event of an accident that deems you responsible for injury to another person or destruction of their property, auto liability insurance helps protect your assets. However, it doesn’t pay for the repair or replacement of your car or for your injuries.

Physical Damage Auto Insurance.

Coming in two types, the physical damage auto insurance encompasses collision and comprehensive coverage, with your lender requiring you to carry both if you still owe money on your vehicle. Moreover, even if you no longer owe on your car, collision and comprehensive auto insurance would still suffice in order to protect the value of your car.

Regardless of who is at fault, collision insurance covers the damage cost to your car as a result of an accident. On the other hand, comprehensive insurance caters for the cost of auto damage from other causes such as vandalism, storms, floods, and theft.

No Fault/Personal Injury Auto Insurance Protection (PIP).

In the unfortunate event of an accident, the Personal Injury Protection insurance coverage helps protect you together with your passengers. PIP helps cover medical care, lost income and replacement services for injured parties. The medical payment insurance will, however, cater for the cost of medical, hospital or funeral expenses as a result of an accident for you, together with any passengers in your car.

Familiarizing with the different types of auto insurance coverages can help you in deciding what insurance to purchase as well as help you in navigating the insurance system in the event of an accident. Serving the greater area of Plano, TX, Paragon Independent Insurance Agency will make your purchase of auto insurance a breeze. Insure with us today for we have a wide variety of affordable insurance quotes and rates to choose from. For more inquiries, be sure to always contact us for more details, as we’re only a call away!

 

Why You Need Commercial Property Insurance

Commercial property insurance in Plano, TX will protect your company’s physical assets from fire, burst pipes, theft, vandalism, storms, and explosions. Typically, earthquakes and floods are not covered.

Commercial property insurance in Plano, TX does more than just protect your building, so it’s important insurance to have. Some of the things this insurance protects include computers, furniture and equipment, landscaping, important documents, inventory, exterior signs, and others’ property. Just think about how expensive it can be to have to replace all your business equipment and your inventory. This shows how important this insurance is for any business. In order to determine how much coverage you need, keep an inventory of your business assets and get enough coverage to protect them. Keeping this list of business assets will help you in the event you do need to file a claim.

Depending on your policy, there may also be covered for business assets when they are being used at off-premise locations. This can include an employee taking a company computer on a trip and the device is stolen. Speak with an agent at Paragon Independent Insurance Agency to determine if you have this type of coverage.

One of the other important aspects of a property policy is protection against loss of income or revenue for property loss. There are provisions that will provide net income and continued expenses during the period where you are rebuilding after a loss. For example, if your business has to shut down for two weeks while you rebuild because of a fire, your policy could reimburse you for some of the lost earnings for those weeks.

Even though commercial property insurance covers a lot of things, it does not cover any liability and you will still need liability coverage in addition to this policy.

Contact an agent Paragon Independent Insurance Agency to get a quote on commercial property insurance.

 

Who Pays for the Damage When Your Neighbor’s Tree Falls on Your House?

Like so many insurable situations, the answer is, it depends. There are many different scenarios where you would be liable to cover the damage and some where the responsibility would fall to your neighbor. If you are concerned that your home insurance policy does not provide an adequate amount of coverage, or there are gaps in coverage of damage from certain events, contact the team at Paragon Independent Insurance Agency. We are here to meet the insurance needs of our friends and neighbors in the greater Plano, TX and would welcome the opportunity to work with you too!

When a Tree Falls…

There a few different scenarios when a fallen tree can cause damage to your home:

  • Lightning strike
  • Windstorm
  • A diseased or dead tree is uprooted
  • A mishap occurs during tree removal

If your tree or one that is rooted in your neighbor’s yard is uprooting during a storm or other natural disaster, the insurance policy of the owner of the damaged property will likely cover the event. If the uprooted tree that causes damage that is a result of human error, the owner of the tree will be responsible. For example, if you have a dead or dying tree in your yard and neglect to have it removed, you will be responsible for any damage that it causes. Or if your neighbor’s tree falls onto your house during a storm, you will also be responsible.

Are you concerned about tree damage occurring to your home, or do you want to make sure that your home policy will provide coverage for damage caused to your home by acts of nature? Call or stop by Paragon Independent Insurance Agency today to make sure that your Plano, TX area home has the protection it needs!