L & S Agency Inc.

3868 S Park Ave
Blasdell, NY 14219

Get Directions
Featured Insurance Blog

Do Businesses Need Umbrella Insurance?

Umbrella insurance is protection designed to exceed the limits of your general liability coverage. Although a business may have commercial insurance, it’s not enough to cover catastrophic liability or potential losses from a lawsuit. Anyone interested in learning more about umbrella insurance for their business can count on the experts at L & S Agency Inc, serving the residents in and around the Buffalo, NY area.

Umbrella Insurance Protection 

Regardless of the limits of liability protection for commercial insurance, more is needed to provide comprehensive protection and peace of mind against risk. Anyone interested in securing reliable protection against liability should consider purchasing umbrella insurance. Customers with questions or needing assistance shopping for an umbrella policy that meets their business’s needs can count on our team of experts to provide them with the support they need. They can carefully assess each business’s current and potential future needs, recommend policies that provide adequate benefits, and offer a comprehensive solution.

Once a customer selects an umbrella policy, the agent can submit documents and information to help secure coverage quickly. Additionally, they can assist with any changes that may occur during the policy’s lifetime and with clean submissions. The goal is to ensure the business has coverage that prevents gaps and losses while giving the business owner peace of mind.

Get Information Today 

Anyone who owns a business in or around the Buffalo, NY area can count on L & S Agency Inc to provide them with the information, support, and education to help ensure they get the ideal umbrella insurance protection level. Call or stop by our office today to schedule a consultation with one of our insurance agents to get more information.

How Does Umbrella Insurance Work for Boats?

Buffalo, NY residents are not obligated to purchase umbrella insurance for their boat policies, yet many people choose to do so.

This is because there are many benefits to this financial investment:

At its most basic, umbrella insurance coverage is designed to work alongside existing policies in a particular area. For example, if you already have boat indemnification, an umbrella policy will extend past the limits of what your standard insurance offers. 

Typically, umbrella insurance will provide benefits once the initial policy’s limitations have been breached, as it typically has higher limits and can extend to situations outside the purview of other insurance. Your L & S Agency Inc. representative can discuss the specifics with you in greater detail.

Because a boat is a costly investment, your potential for damage can be higher than with other possessions. In addition, a collision with another vessel can create significant financial outlay in the form of medical bills and property damage. 

Buffalo, NY boat owners can also be involved in wrecks on land during times when their watercraft is involved in transport. Guests can injure themselves while on board, causing injuries in need of medical care. These can also lead to lawsuits to recover lost wages and medical expenses. 

Accidents can occur when young adult children or passengers decide to take the boat for a spin. Storms can threaten your property, as can theft or vandalism. Investing in an umbrella insurance policy when the stakes are high removes the risk that such expenses will come out of pocket. 

Let Us Work For You

L & S Agency Inc. seeks to make sure you are properly insured in all aspects of life. Contact us today for more information via phone, the internet, or by stopping in person to speak with one of our agents. 

Do You Need Umbrella Insurance? Find Out Here

An umbrella insurance policy is an insurance policy that provides coverage beyond the limits of your underlying policies. It can provide additional coverage for personal liability, legal fees, and more. Getting an umbrella policy is a big decision; that’s why L & S Agency Inc. in Buffalo, NY is here to explain the basics.

How does an umbrella insurance policy work?

Umbrella insurance provides coverage that goes above and beyond your regular insurance policy. If you’ve ever been in a car accident or had a disaster hit home, you may have experienced the financial distress that can occur when insurance limits are exhausted. In these situations, an umbrella insurance policy can be beneficial.

An umbrella insurance policy’s coverage kicks in once the primary insurance policy hits its limit. It’s an extension of your existing policy, so you can’t have umbrella coverage alone.

Benefits of having personal umbrella insurance

Umbrella insurance benefits individuals and families because it provides a level of coverage not otherwise available through the personal insurance market.

For instance, an individual without umbrella insurance would have no coverage for economic damages resulting from a car accident in which the cost of recovery and court fees exceeds their insurance policy limit. It’s an excellent idea for those who own expensive assets, such as valuable jewelry, entertainment systems, and luxury vehicles.

Give Us A Call

L & S Agency Inc. in Buffalo, NY offers umbrella insurance to protect you from significant financial losses. Umbrella insurance can cover damages from lawsuits, car accidents, home disasters, and more. If you’re interested in learning more about the security an umbrella policy can provide, please reach out to us today.

How Umbrella Insurance Works

Having liability insurance is an important way to keep yourself and your finances protected. When you have both home and auto policies, there is another type of insurance that you may need for better protection. Umbrella insurance is a unique type of coverage that adds to what you have in your other policies. If you want to know more about umbrella insurance, call us today at L & S Agency Inc. in Buffalo, NY. 

How Umbrella Insurance Works

More Liability Coverage

Both home and auto policies come with different types of coverage, and one of those is liability protection. The problem is that many of these policies have too little liability protection built-in. This can mean that your policy doesn’t pay all of the liability you owe for medical bills and property damage. When this happens, you end up with an overage, and that is yours to pay from your own pocket. To protect against this happening, there is umbrella insurance. 

Adding to Your Existing Coverage

If you were to add extra liability coverage onto your home and auto policies, it could be prohibitively expensive. It is much less expensive to get an umbrella policy, and it adds extra liability to both of those policies at the same time. When there is an accident that occurs with your vehicle or in your home, your home or auto policy will come in to pay what it can. It will only pay up to its maximum payout, and that might not be much. When there are more bills left after that, your umbrella policy will then come in to pay the rest of it. 

Get an Umbrella Policy

If you are interested in getting an umbrella policy, or you want to know more about them, contact us at L & S Agency Inc. in Buffalo, NY.


4 Questions to Ask an Agent About Umbrella Insurance for Your Business

Are you about to get business umbrella insurance in the Buffalo, NY area? If so, you’d do well to talk to an agent at L & S Agency Inc. about any concerns and questions you may have. They’ll do their best to put your mind at ease. 

What coverage do I actually need? 

The size and value of your business operation will matter a great deal here. Brick-and-mortar storefronts have an added layer of risk, since having a larger number of customers around increases the chances that someone can have an accident or cause damage in your space. 

What’s the amount of coverage for each policy? 

You’ll want to be clear on what amount would be best for your particular situation. The more risk your company has or the more assets you’d like to have covered, the higher you should request for the coverage amount. Though you shouldn’t pay for more insurance than is necessary, it’s just as important to know that you’re adequately covered in the event of a lawsuit. 

When do I need umbrella insurance? 

Just because you have a smaller operation doesn’t mean that you should wait on purchasing umbrella insurance for it. You already likely have a basic commercial insurance policy, but looking into umbrella insurance for those extra areas which might be more at risk is a smart idea. Get the coverage now so that you don’t end up with any unpleasant surprises that can set your company back by a lot. 

Will I be able to afford umbrella insurance for my company? 

Think about this from a different perspective. Can you afford not to have the right amount of coverage for your business? An accident or some type of lawsuit can cost your company a ton of money if you don’t have proper insurance in place. It could be bad enough that you have to close your business. Even if this is only for a short while, why take that risk? 

At L & S Agency Inc. of the greater Buffalo, NY area, we’re happy to help you get the commercial umbrella insurance that will protect your business. Contact us today to set up an appointment and get started. 

Who Needs Umbrella Insurance?

People purchase insurance in order to protect themselves and their families. Umbrella insurance is a type of insurance that adds extra liability coverage over and above other existing insurance policies, including home and auto insurance. Umbrella insurance is not mandatory, but it is definitely worth having it in order to have additional protection and coverage. If you are thinking of getting this type of insurance, here is what you need to know about it: 

What Needs Umbrella Insurance?

Almost everyone can benefit from umbrella insurance. The purpose of umbrella insurance is to help prevent you from paying out of pocket legal bills or medical bills for another person if you are found responsible. For example, suppose one of your guests fell and got injured on your property, and now you are responsible for it. Or, suppose you are at fault for a road accident that caused injuries to other people. Umbrella insurance will cover expenses in these unexpected situations. 

In addition, in most cases, umbrella insurance also extends to other family members, including your husband or wife, children, and other relatives in your household. This means that if your spouse causes a car accident and injured another person, umbrella insurance will protect them too. 

For this reason, umbrella insurance is good for everyone who wants to make sure that they and their family members are properly protected. 

L & S Agency Inc. – Winning Insurance Agency in the state of New York

If you are currently shopping for umbrella insurance, and you are from Buffalo, NY, or any other nearby towns, L & S Agency Inc. is the right place to contact. Our insurance company uses the latest technology and works with clients from Buffalo, NY, as well as other surrounding areas. If you have any questions about umbrella insurance, or you want to know about other insurance options available, feel free to contact our insurance company. 

What is Umbrella Insurance?

Umbrella insurance is an add-on insurance policy providing liability coverage above and beyond what your standard insurance policy’s liability coverage provides. Many people assume if they are not millionaires, they do not need umbrella insurance; however, anyone can benefit from purchasing an umbrella insurance policy. Those in Buffalo, NY should speak to their agent about umbrella insurance or contact the experts at L & S Agency Inc. to learn more about umbrella insurance policies. 

What Does an Umbrella Insurance Policy Cover?

In today’s world, anyone can be sued for any reason. If you have been sued and found liable for injuries and damages, you have to pay for the costs not covered by the liability coverage section of your insurance policy. Most insurance policies have caps on the amount of money they pay out for liability claims. Umbrella insurance picks up the tab and pays for the difference. The policy pays for medical bills, repair bills, and legal fees associated with the lawsuit filed against you. 

Is Umbrella Insurance Worth It? 

If a judge decides you owe more than the limits of your insurance policy, you are financially responsible for paying for those costs out of pocket. If you have substantial assets or a high income, both can be at risk of being seized to pay for your out-of-pocket expenses. Your umbrella insurance policy will protect your assets and income by paying your costs. Additionally, if you would be unable to pay for the out-of-pocket expenses, your umbrella insurance can save you from financial ruin. 

When shopping for insurance in Buffalo, NY, don’t forget to ask about adding umbrella insurance to your existing insurance policy. If you have questions about umbrella insurance, reach out to L & S Agency Inc. experts today to discuss your options. 

How to Know if Umbrella Insurance is Right for You?

If you are like most people then you already have a variety of insurance policies from homeowners to auto to a pet that helps protect your assets and loved ones should an accident happen. When you purchase an insurance policy, you have the option of choosing how much liability coverage to carry which covers the expenses with a third party’s property damage, injuries, or lawsuits that may arise if you are deemed to be at fault in a covered incident. Given that you already have policies with liability coverage, it wouldn’t be surprising if you have never heard of or considered umbrella insurance. In short, umbrella insurance provides additional financial assistance when your traditional insurance policies’ liability coverage has lapsed. For example, if you are deemed to be at fault in a motor vehicle accident that injures another person and the medical bills exceed your existing liability coverage of $300,000 then you would be on the hook for the difference which could be hundreds of thousands of dollars. However, with umbrella insurance, you pick a monetary figure in excess of your existing coverage – generally $500,000 or $1 Million – which kicks in once your existing coverage has been exhausted. 

While the vast majority of people could benefit from an umbrella policy it is a no-brainer for anyone with significant assets to include multiple properties, investment accounts, retirement savings, expensive vehicles, and other similar items. To determine if an umbrella insurance policy makes sense for you, start by adding all your assets together and if they exceed your current liability limits for your insurance policies then it’s time to call in the experts. At L & S Agency Inc. our friendly and talented team will take the time to walk you through your options and answer your questions so you always leave happy. 

How Umbrella Insurance Protects Your Finances

When you get insurance, you hope never to need it, but you know that it can make a big difference in your finances later. This is especially true with umbrella insurance. If you are interested in an umbrella policy, contact us at L & S Agency Inc. in Buffalo, NY.

Protection Against Liability

Some of your most important insurance types are those that protect your assets. Your home and auto insurance policies are extremely important to have, but that doesn’t always mean that they provide enough coverage. The liability coverage of both these insurance types tends to be quite low. If there is a major accident in your car or in your home, that coverage may not be enough to cover all of the bills from injuries and property damage. Umbrella insurance is a way to expand those limitations and give yourself more liability coverage. 

Adding to Your Protection

Here’s how it works- your home or auto insurance, depending on what kind of accident it was, is the first to pay for the medical and property bills. However, once it has reached its payout maximum, you would then have to come up with all of the rest of the money. However, when you have umbrella insurance, it kicks in when your original policy gives out. It has a far higher payout maximum, and that means you won’t have to come up with the money yourself. 

Spend Less

Umbrella insurance is also much cheaper than getting more liability coverage for your auto and home policies. It is an affordable way to give yourself a thick layer of liability coverage. 

Get Your Umbrella Insurance

If you want more protection for your future finances, call us today at L & S Agency Inc in Buffalo NY to talk about an umbrella insurance policy. 


Right 1st image

Locally owned and operated

Right 2nd image

Policies that meet & exceed expectations

Right 3rd image

Get an Annual Policy review

Servicing States

  • New York
  • Pennsylvania
  • Mississippi
  • Florida