Lancer Insurance Company
Lancer Insurance Company, founded in 1985, is a medium-sized specialty commercial insurance provider headquartered in Long Beach, New York. The company offers a range of insurance products tailored for various sectors, including commercial explosives, auto rental businesses, and long-haul trucking, and is consistently rated A- (Excellent) by A.M. Best.
Company Overview
Lancer Insurance Company was founded in 1985 and operates within the insurance industry. The company is classified as a medium-sized business, employing a team of 342 individuals. Lancer Insurance is recognized as one of the nation’s premier specialty commercial insurance companies, consistently receiving an A- (Excellent) rating from A.M. Best. The headquarters is located in Long Beach, New York, with additional locations in Mayfield Heights, Ohio; Vancouver, Washington; Jacksonville, Florida; Irving, Texas; and Plainview, New York.
Insurance Products
Lancer Insurance Company offers a diverse range of specialized insurance products tailored for various sectors. The company provides coverage for commercial explosives manufacturers, distributors, transporters, and drilling and blasting contractors. Additionally, it serves small fleet and owner/operator long-haul truckers with a broad array of insurance products. Other offerings include insurance for auto rental businesses, commercial auto and garage, commercial driving schools, limousines, motorcoaches, and vanpools. The company also has a nationwide Excess Auto Liability program available through appointed wholesale brokers.
Fraud Prevention and Loss Recovery
Lancer Insurance Company has established a Special Investigation Unit dedicated to combating insurance fraud. The company also provides a Loss Recovery Program designed to assist policyholders in recovering out-of-pocket and downtime expenses when others are at fault. This proactive approach aims to mitigate financial losses for clients and ensure fair treatment in claims processes.
Resources and Support
The company offers a Business Resource Hub that includes tools and resources aimed at reducing losses and enhancing regulatory compliance for its clients. Lancer Insurance provides a Safety Stop Blog that shares loss prevention information, risk management tips, and regulatory updates. Additionally, policyholders have access to a SafetyLink Hotline for exclusive service related to loss control issues and Department of Transportation regulations, as well as 24/7 online access to driver training videos.
Market Presence
Lancer Insurance Company operates nationwide, focusing on providing insurance products and services specifically tailored for small to mid-sized businesses in states such as New York, New Jersey, Pennsylvania, Connecticut, and Ohio. The company also operates a classifieds section for buying and selling used commercial vehicles and parts, further enhancing its market presence and support for the commercial transportation sector.