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.

Having the right policies and plans is critical for success as a business owner. At Paragon Independent Insurance Agency, serving the Plano, TX area, we understand this commitment to protecting your business and prioritize helping our clients ensure their enterprises are adequately insured. Commercial insurance can provide an extra layer of protection from potential risks and protect business owners’ livelihoods.

Protecting Your Business

Having the right commercial insurance policies in place will help to protect your assets, employees, and customers. From general liability coverage and property damage insurance to workers’ compensation insurance, various types of policies can be tailored to meet the needs of your specific business. With the right combination of coverage in place, you can rest assured that your business is protected from potential financial losses due to unforeseen events such as customer injuries or lawsuits.

Building Credibility and Trust

Proper commercial insurance signals trustworthiness and credibility to current and potential clients. It allows them to feel secure knowing that their interests are being safeguarded and that you’re taking the appropriate steps to help protect their assets. This can go a long way in helping your business find success, as it builds customer confidence while allowing you to focus on what matters most – running your business.

Expanding Your Business

Sufficient commercial insurance coverage can also help support your plans for future growth. As your Plano, TX company expands, certain types of coverage may need to be updated or added depending on the size and scope of operations. Having an experienced team at Paragon Independent Insurance Agency will ensure you have the protection you need as your business grows and matures.

The Bottom Line

At Paragon Independent Insurance Agency, we understand how important proper insurance is for businesses and are committed to helping our clients ensure that their operations are adequately covered. Commercial insurance can help set the foundation for a successful future, from protecting your business to building trust and credibility. Contact us today to learn more about how our policies can help protect your business and thrive.

You can’t afford to ignore workplace safety if you are a business owner. If employees get injured on the job, it could add to serious liability for you and your company. At Paragon Independent Insurance Agency, serving Plano, TX, we want to help business owners avoid these types of liabilities. Keep reading to learn about the most significant safety risks in the workplace. 

Falls From Heights 

If you have employees working at heights, you have an increased risk of injury from falls. Not only does this type of injury pose a big threat to the workplace, but falls from heights are usually very injurious. Victims of these types of injuries are often seriously injured and require an extended recovery time. Be sure you comply with all safety measures for employees working at heights and that everyone working at heights is properly trained. 

Machinery Injuries 

If your employees are frequently operating machinery, they are at increased risk of injury by machinery or machinery malfunction. Many machinery injuries take place because employees are not adequately trained before being allowed to operate the machinery. It is your responsibility as the employer to ensure that all employees are appropriately trained for any machinery they operate. 

Electrical Injuries 

Electrical injuries are also a big threat depending on the type of workplace. If employees must interact with electricity, it is imperative that they are adequately trained and certified to be doing such work. Remember, if they get injured, you are liable. 

If you would like to learn about commercial insurance or liability insurance, please get in touch with us at Paragon Independent Insurance Agency, serving Plano, TX.