Paragon Risk Management, Inc.

Answers to Popular Questions: Below you will find answers to some of the more frequent questions we receive at Paragon Risk Management.

What is risk management?

Risk management is looking at all the potential areas of uncertainty that a company may experience. We then decide whether to retain that risk, transfer that risk to an insurance company, or avoid or eliminate that risk. The choice depends upon your particular situation and needs.

How much insurance is enough?

The answer to this question varies with each business. There are; however, some starting points you may wish to consider. Ask yourself what you stand to lose if some equipment is destroyed, someone wins a law suit and goes after your assets, or a key employee suddenly leaves due to disability or death. That's the amount with which you start. Then we fine tune from there.

How important is the insurance carrier?

At Paragon Risk Management, we represent only the strongest insurance carriers in the industry. The need for financial strength, coupled with superior claims handling makes all the difference. Many carriers offer extremely low pricing, but when the client has a loss, they are slow to react. Paragon Risk Management partners with insurance companies that know how to treat their clients.

What does Paragon Risk Management provide me?

First, as your independent agent, Paragon Risk has the ability to "shop" your business with our extensive list of carriers. After we match your needs with the proper insurance company, we service your account with a responsiveness to your business, a 28 year knowledge of the industry, an on-line capability, and the personal relationship of a trusted friend.

How intensive is obtaining a quote?

Contrary to popular belief, obtaining an insurance quote is quite simple. Our years of experience have allowed us to ask appropriate questions and weed out only the essential information. The initial meeting takes no more than 30 minutes and all we ask from you is to request a 3 year loss history from your current carrier. After that, we handle it all.