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Occurrence Versus Claims-Made Insurance

As a small business owner, you understand the importance of insurance protection, but there are many facets to understanding what type of insurance policy best suits your specific business needs. It’s critical that before you actually purchase business insurance protection you understand the difference between occurrence versus claims-made insurance. Assess Your Business Needs to Decide Which Policy is Best Deciding which policy is best entirely depends on your specific business needs. Some of the biggest differences include the following, but not limited to: With an occurrence-based policy, you are protected as long as you were insured when that loss happened. This type of policy takes into consideration situations/losses that may not present themselves until a [...]

Occurrence Versus Claims-Made Insurance2020-01-06T19:51:54-05:00

Loaning Your Car to a Friend

At one time or another you have probably handed your car keys over to someone to drive your car. Whether your friend needed to run an errand while his car was in the shop or a relative had an emergency situation and asked to take your car for the day, you freely handed over the keys, but is that always a good idea? Loaning your car to a friend or relative is a kind gesture, but what happens when that person has an auto accident? Understand Your Coverage Before Loaning Your Car   Your friend asks if she can use your car for a few days until her car is repaired and you gladly agree. [...]

Loaning Your Car to a Friend2020-01-06T19:45:37-05:00

Get Certificates of Insurance on Demand 24/7!

One of the biggest headaches contractors, trucking companies and other companies face are job delays due to waiting on certificates of insurance. We get calls all of the time from these business owners who are looking for a new agent complaining that their current agent takes too long to generate COI’s. One trucking owner operator told me last week that his agent takes more than 48 hours to send the COI. And if one is needed on a weekend or holiday, it takes even longer. No More! Here at Paramount Insurance, you can get instant certificates of insurance on demand 24/7! That’s right. We are committed to making your life easier. As a business owner, [...]

Get Certificates of Insurance on Demand 24/7!2020-01-06T19:43:20-05:00

Home-Based Business Insurance

Imagine losing your job as a caterer with a local event catering company after being employed for 15 years. When the job search for other relatable jobs goes stale, you suddenly have a brilliant idea to become your own boss and set up shop at your home. Setting your own schedule and working at your pace in your own kitchen seem like great ideas until you begin your at-home catering business. Before you begin any business based out of your home, ask yourself whether your home-based business insurance is adequate. What You Don’t Know CAN Hurt You Working from home may sound great initially; however, you need to consider some essential aspects regarding the insurance [...]

Home-Based Business Insurance2020-01-06T19:39:59-05:00

Crime Insurance for Your Business Needs

Owning a business means protecting that same business so you may initially focus on the liability aspect of insurance protection along with the physical part of the business itself; but is that all you need to consider when protecting your livelihood? Find out how to invest in crime insurance for your business needs. Protecting Your Assets Today and Tomorrow Businesses like yours can be a target for many types of crime, but what about when it comes from “inside” and your own employees are embezzling money? The 2018 Hiscox Embezzlement Study reveals that the average loss a company suffers due to embezzlement is $357,650, which doesn’t even consider thefts from outside sources. Business crime is [...]

Crime Insurance for Your Business Needs2020-01-06T19:37:26-05:00

How to Be Prepared for a Power Outage

During the summer you may not consider the possibility of a power outage quite as much as during the winter months, but power outages during the summer are prevalent and come with their own share of issues. Severe thunderstorms can sweep through quickly, causing downed trees, power lines, and knocking out power. If and when Mother Nature strikes, will you know how to be prepared for a power outage? Being Prepared By Planning Ahead for Your Power Outage Power outages may last a few hours, but sometimes you may be without power for up to a week or more so knowing some basic tips on power outage preparedness is essential. Keep in mind that losing [...]

How to Be Prepared for a Power Outage2019-06-17T17:02:29-05:00

Your Flood Risk Is Rising

When you think of damages caused by flooding, you may only consider homes that are in high-risk areas to be a target; however, did you know that almost 25% of all insurance claims come from low-to moderate flood risk areas?  That’s right!  If your home sustains flood damage, you need to realize that your N.C.  homeowners insurance policy typically excludes damages caused by flooding so if you don’t have the right flood insurance protection, you may be facing some serious financial difficulties down the road.  Your flood risk is rising. Are you protected? Flooding Does Not Discriminate Flooding can quickly cause significant damages to your home and while you may not live in a high-risk [...]

Your Flood Risk Is Rising2020-01-06T19:26:41-05:00

How to Get New Trucking Authority

Working for a trucking company is one thing, but working for yourself has many perks and benefits of which you may want to be aware.  Being your own boss allows for operational autonomy, but if you aren’t aware of how to get new trucking authority, it may seem tricky and complicated, but it doesn’t have to be.  If working for YOU seems appealing and you want to find out how to get new trucking authority, read on. Trucking Authority Defined Trucking authority, sometimes referred to as “motor carrier authority,” is needed for those who want to start their own trucking company.  Basically it is permission granted by the government that allows you to get paid [...]

How to Get New Trucking Authority2021-08-05T08:49:45-05:00

N.C. Trucking Insurance for New Ventures

The trucking industry is a risky type of business, which means without having the right type of trucking insurance, you could be faced with some tremendous financial issues that could put you out of business. If you are a new venture driver, you need insurance for trucking auto liability along with physical damage coverage so it is vital that you find the right type of N.C. trucking insurance for new ventures that provides the protection you need and deserve as a start up trucking company.  As a new venture trucker, your job is to haul freight and transport goods; however, this profession is volatile and protecting the products you transport is vital. Not only that, [...]

N.C. Trucking Insurance for New Ventures2020-08-13T13:42:15-05:00

5 Mistakes When Buying Life Insurance

Life Insurance is one type of insurance that many people aren’t quite sure if they need and if they realize they DO need it, they aren’t quite sure of the type of life insurance most preferred and in what amount. Before you purchase life insurance, you need to be aware of 5 mistakes when buying life insurance so when you do make that investment, you will know the best type of life insurance most suited for your particular needs. Protect the people who depend on you the most with life insurance. If you have people or loved ones who depend on you financially, it is recommended that you have a life insurance policy in place [...]

5 Mistakes When Buying Life Insurance2019-05-28T22:34:14-05:00
Paramount Insurance Agency is an independent insurance agency offering personal and business insurance protection to families and businesses all over North Carolina including High Point, Greensboro, Winston-Salem, Burlington, Raleigh, Cary, Wilmington, Charlotte and Asheville.

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