Coverage for your Employees

Discover how our comprehensive employee coverage solutions can benefit your organization. Contact our agency today for a personalized consultation.

Coverage for Specific Industries

Discover tailored insurance solutions for your industry. For detailed information about our specialized offerings, please reach out to our knowledgeable team at (724) 452-8722. We’re here to assist you with personalized coverage options.

Employment Practices Liability

Directors & Officers

Directors and officers (D&O) liability insurance may provide coverage for a business’s or organization’s directors and officers if claims are made against them, and it may insure against their personal losses.

Our knowledgeable agents can help you get the D&O insurance that fits your needs. Contact us today to get started.

What Does D&O Liability Insurance Cover?

Directors and officers of businesses, corporations or nonprofit entities may be sued for their actions or decisions. Lawsuits may allege breaches of duties, misstatements, errors, misrepresentations or other wrongful acts. These lawsuits, whether from employees, stockholders, customers, vendors, clients or other parties, could potentially place the director’s and officer’s personal assets at risk.

D&O policies may help pay for associated legal fees (e.g., defense costs, settlements and judgments) and compensate the affected parties while helping shield directors and officers from personal losses. Our agents can provide more information on options, exclusions and limits.

Who Needs D&O Liability Insurance?

Entities with a board of directors or advisory committee should consider D&O insurance. Whether you are a publicly traded corporation, a private company or a nonprofit organization, the right D&O policy can provide essential coverage. It may also help you attract individuals to serve in those leadership capacities.

Contact Us

Policies and coverages vary, but our team can help ensure you have the right insurance for your operations. Contact Jack L. Bonus Insurance Agency today for more information or a for quote.

Retirement

As life expectancies increase, planning for a comfortable financial future is more important than ever. There are many ways to save for retirement, which is a great way to use a portion of your current income to plan for your future.

Retirement Plan Options

There are seven main options among retirement plans in the United States:

Individual retirement accounts (IRAs) allow tax-deferred contributions capped by IRS regulations. Funds withdrawn at retirement are taxable as regular income.
Roth IRAs allow after-tax contributions capped by IRS regulations. Qualified withdrawals are not penalized, and earnings grow tax-free.
401(k) accounts are employer-sponsored retirement plans that allow participants to contribute to pre-tax. Many employers offer to match a portion of employee contributions.
Roth 401(k) plan contributions are made with after-tax dollars, but qualified withdrawals are not taxed or penalized like Roth IRAs.
Simple IRAs are designed for self-employed people who want to contribute part of their pay. These plans reduce income taxes in proportion to the contribution up to the limits.
SEP IRAs also tend to work well for self-employed people. Contributions are tax-deductible, and contribution limits are higher than with other retirement plans.
Employee stock ownership plans (ESOPs) are designed to invest in company stock. An employer may choose to contribute to employee retirement plans with company stock.

Work with a financial advisor to better understand each of these retirement options. The information on this page is intended for educational purposes only and should not be construed as legal or financial advice.

Contact Us to Start Saving for Retirement

Contact Jack L. Bonus Insurance Agency today to learn more about your retirement plan options and start saving for your future.

Watercraft & Boat Insurance

Having the right boat insurance policy for your watercraft can be an excellent way to protect yourself from costs related to property damage and medical expenses if an injury occurs. Our agency can assist you in learning more about your coverage options so you can be financially protected.

What Does Boat Insurance Cover?

Boat insurance policies generally depend on the type of coverage you select. Regardless, common boat insurance coverages include:

Liability coverage helps cover expenses if your boat causes damage to another person’s property.
Medical payments coverage helps cover medical expenses if you or a passenger gets injured on your boat.
Boat insurance property coverage helps protect your boat from various risks and potential incidents by covering costs related to incidents such as theft or vandalism.
Uninsured watercraft coverage helps cover expenses if an uninsured boater collides with you and causes injury to you or your passengers.

Other coverage options may be available. Our agency can help you learn about potential coverages to include in your boat insurance policy.

How to Get Boat Insurance

Jack L. Bonus Insurance Agency is ready to help you learn more about boat insurance. Contact us today to request a quote or to learn more.

Trucking Insurance

All owner-operators and trucking companies must carry commercial auto insurance with adequate liability coverage. This insurance helps protect the owner-operator or motor carrier from liability lawsuits if the truck driver causes an accident resulting in third-party injuries or property damage.

Contact us today to learn more about the commercial truck insurance your organization needs and get a personalized quote.

Why Do Truck Drivers Need Commercial Truck Insurance?

Federal law requires motor carriers and owner-operators to purchase public liability insurance for their DOT-regulated commercial motor vehicles. However, regardless of DOT regulations, most states require all tractor trailers to have commercial auto coverage, even for leased units. Your options for commercial truck depend on the needs of your trucking business, the truck driver and the type of goods you haul.

Commercial Trucking Insurance Coverage

The liability insurance portion of a trucking insurance policy helps pay for third-party injuries and property damage caused by the truck driver. With a commercial liability policy, there are two types of liability coverage:

Bodily injury liability insurance helps cover medical bills if other people involved in the accident are injured and the tractor trailer driver is at fault.
Property damage liability insurance helps pay to repair or replace someone else’s property after an accident caused by a commercial truck driver.

An independent insurance agent can help you determine which types and amounts of insurance may best serve your trucking business. They can help you choose from several commercial truck insurance providers. Your agent may also recommend additional commercial truck policies to help protect your business.

Other coverages under commercial auto insurance include:

Comprehensive insurance. This coverage may help pay for damages to the tractor trailer unrelated to an accident, such as weather damage, fire or vandalism.
Collision insurance. This policy may help repair or replace the tractor trailer after an accident.
Medical payments. This coverage may help cover medical bills up to a specific dollar limit if a passenger or the tractor trailer driver is injured in an accident. It could also cover lost income.
Uninsured/underinsured motorist insurance. This policy may help pay to repair or replace a tractor trailer after an accident caused by an uninsured or underinsured third party.

What Types of Commercial Truck Insurance Are Available for Tractor Trailer Drivers?

Your agent may recommend the following additional commercial trucking insurance policies, depending on your situation:

Trailer interchange. This policy helps pay to repair or replace a trailer when someone other than the owner uses it.
Bobtail. This policy helps cover damages caused when the truck does not have a trailer attached
Cargo insurance. This policy helps cover financial loss incurred from damaged or lost cargo.

Get the Trucking Insurance You Need Today

At Jack L. Bonus Insurance Agency, we understand that tractor trailer owners and drivers have specific insurance needs. Contact us today to learn more about how insurance can help provide financial protection for your trucking operation and to get a quote for truck insurance.

Cyber Liability Insurance

Most businesses rely on internet-connected devices for their day-to-day operations. But technology exposes companies to hacking and other cyber threats. Cyber liability insurance helps cover financial losses due to data breaches and other cyber attacks.

Our agency is here to help you sort through your best options for cyber liability coverage. Contact us to learn more or to get your free quote today.

What Is Cyber Liability Insurance?

Cyber insurance is recommended for businesses of all sizes that rely on technology to help streamline processes and stay in touch with customers.

A cyber liability insurance policy may help your business with the following:

Customer or employee privacy lawsuits
Lost income due to network outages
Regulatory fines from governing agencies
Legal services that are required to meet state and federal regulations
Payments to recover files after a ransomware attack
Expenses related to communicating with customers after a data breach

Who Needs Cyber Liability Insurance?

Any business that collects and stores sensitive or proprietary information and uses internet-connected technology should consider cyber liability insurance. If you believe your business needs coverage, reach out to an agent today.

Get Started With Cyber Liability Insurance

Cyber liability insurance could save your business from substantial out-of-pocket costs if you experience a cyber attack. Contact our agency today to get started with coverage.

Product Liability Insurance

As the owner of a business, you are liable for any products you manufacture or sell—and if somebody is hurt as a result of using the product, you may be at fault for the incident.

When you ask for coverage from our agency, we will determine the likelihood of a lawsuit being brought against you as a result of one of your products being used. Our experts can identify the risks associated with your products or services and appropriately scale a policy to cover those risks. We can also offer advice on how to make your products less prone to risk. This may involve modifying your product, packaging it differently, or changing any instructions and warnings included with the product. When done well, these precautions can help reduce the company’s liability and stop customers from using the product in an unsafe way.

Do I need Product Liability Insurance?

If your company manufactures or sells any kind of product, it is strongly recommended that you have some form of liability coverage. Even products that are widely regarded as ‘safe’ can malfunction in a way that causes harm to the user, and defending against a lawsuit is usually expensive enough that many companies (and claimants) prefer to simply settle out of court. Product liability insurance can reimburse you for expenses (including defense costs and settlements) that occurred during this process.

Product liability cases that go to court are among the most expensive forms of personal injury cases, and as of 2013 these cases had an average payout of more than $6 million. All companies that obtain this type of coverage are encouraged to have a policy limit higher than the median payout—anything less makes it likely that your company will suffer significant losses if a jury decides against you.

Don’t forget to talk to your agent on a regular basis as your business continues to grow. Larger businesses often face larger risks than smaller ones (including, among other things, increased exposure as a result of having more customers who could potentially file a lawsuit). A plan that suffices for a small company may not be enough to protect a large one.

What does Product Liability Insurance Cover?

Product liability insurance mainly covers the legal obligations of a company. This may include payments like:

Court fees
Legal defense costs
Personal injury awards
Out-of-court settlements
Miscellaneous fees that may occur during any of the above

If you feel any of these forms of coverage are missing from your policy, or if you are starting a business and need product liability coverage, speak to a Jack L. Bonus Insurance agent or request a quote today.

1. Ross, Kenneth. “The Role of Product Instructions in Product Liability Prevention.” In Compliance. April 30, 2015. Accessed April 18, 2016. http://incompliancemag.com/article/the-role-of-product-instructions-in-product-liability-prevention/.

2. “Settle Your Personal Injury Claim.” AllLaw.com. Accessed April 18, 2016. http://www.alllaw.com/resources/personal-injury/settle-your-personal-injury-claim.

3. “Product Liability.” III. Accessed April 18, 2016. http://www.iii.org/fact-statistic/product-liability.

Commercial Auto Insurance

If you own one or more vehicles for business use — perhaps a catering van or a landscaping truck — chances are that they are critical to making sure your daily operations run smoothly.

Since a personal auto insurance policy won’t safeguard your vehicle in case of an accident, Commercial auto insurance is an absolute must. This form of insurance will cover you if an employee has an accident while driving a company vehicle and the victim sues, if an employee is injured in a vehicle and requires medical care, or if the auto ends up in the shop when you need to use it. Commercial vehicles covered under such a policy include cars, vans, trucks, trailers and more. We offer commercial auto insurance to clients in Zelienople, Jeannette, Pittsburgh and surrounding communities.

Business Auto Insurance, Customized

Cover your wheels, employee and company alike with commercial auto insurance from Jack L. Bonus Insurance. We’ll tailor your policy to your business’ specifications and work with you to find the proper coverage for your needs. Common forms of commercial auto insurance include:

Auto liability
Collision coverage
Comprehensive coverage
Medical payments
Rental reimbursement
Roadside assistance
Towing
Uninsured/underinsured drivers

Request a quote or contact us to find the right commercial auto insurance for your business today.