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Business Insurance Basics: Terms Every Owner Should Know

Paragon Independent Insurance Agencies

Navigating the world of business insurance can be daunting, especially for new business owners. Here in Plano, TX, Paragon Independent Insurance Agency aims to simplify this process by breaking down essential terms you need to know to protect your business effectively.

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What are the most important questions to ask when choosing business insurance?

Protect Commercial Insurance

Let’s explore the pivotal questions to ask when choosing your business insurance coverage. Understanding your business needs Image courtesy: Unsplash Before diving into the vast world of business insurance, it’s essential to pause and assess your company’s unique needs.

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Top 6 Insurance Policies Every IT Business in California Should Have

Jackson & Jackson

Cyber liability insurance helps cover costs related to: Data breaches Ransomware attacks Notification of affected parties Legal fees and fines Why it’s critical in California : California’s strict data protection laws, like the California Consumer Privacy Act (CCPA), mean IT businesses face higher liability if customer data is compromised.

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When to Consider Commercial Umbrella Insurance

Mark Jackson Insurance Agency

Business meeting at a conference table by Fauxels In the complex world of business operations, unforeseen events can lead to liabilities that exceed the limits of your existing insurance policies.

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Builder’s Risk Insurance in Tennessee: A Broker’s Guide 

Distinguished

When a project is under construction or renovation, your clients are likely not covered by their homeowner’s insurance or business insurance. Different Builder’s Risk insurance policies vary from one insurance carrier to another.  Property damage : Damages to the building that is being constructed or renovated.

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E&O vs. EPLI: What Coverage Do Your Clients Need?

ProWriters

E&O typically covers claims related to professional services resulting in financial harm to a client, while Professional Liability covers a wider range of claims, such as bodily injury or property damage. An EPLI policy also offers guidance and resources to businesses.

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How To Save Money On Your Commercial Insurance

Protect Commercial Insurance

Understanding Commercial Insurance Commercial insurance is an essential part of safeguarding your business against unforeseen events that could lead to financial loss. It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries.