Is Lancer Insurance a Good Company?

UPDATED: Dec 31, 2012

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UPDATED: Dec 31, 2012Fact Checked

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Asked December 31, 2012

1 Answer

Lancer insurance is a fast growing commercial insurance company. Lancer is well-liked and has grown from a single small company in 1982 to the national company it is today. Since adding bus insurance to their product lines in 1985, Lancer has enjoyed a continuous growth that keeps the company strong and viable. Through the use of brokers and independent agents, the company believes in giving back to the communities it serves, participating in many charitable events and encouraging their licensed brokers to do the same.

Financial Rating
Lancer Insurance is rated "A- (excellent)" by the A.M. Best financial ratings company, only two grades below the best rating possible. In April of 2012, the Best Company re-evaluated the long term outlook for Lancer insurance, promoting the company to the long term status of "a-" and altering the outlook to stable. Lancer is recognized as having assets in excess of 100 million dollars.

Customer Satisfaction
The Lancer Insurance slogan is "The Difference is Our Attitude," and the company considers responsibility and community involvement to be the key to successful business operations. Focused on the commercial aspect of insurance,

Company Availability
Lancer insurance is available nationwide, including the District of Columbia. The company maintains offices in several states, including New York, North Carolina, Ohio, Texas and Washington. Policies are sold through an extensive network of independent agents and brokers, as well as providing online access to claims and account management.

Insurance Products Offered
Lancer insurance is a commercial and specialty insurer. They sell insurance for fleet vehicles, passenger transportation vehicles such as buses and taxis, owner/operators, rental cars, and more. The company also provides liability and casualty insurance for high risk endeavors such as merchant marine officers, sea pilots, explosive manufacturers, and companies involved and drilling and blasting.

Answered December 31, 2012 by Anonymous

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