First rolled out in California in June 2018, they are also authorized in Arizona, Texas, and Florida.
LONG BEACH, N.Y. — Lancer Insurance Company has announced a rather unique opportunity for its policyholders to grow their bottom line. The Lancer Marketplace Driven by The BusBank, will allow bus and motorcoach companies it insures to have free, exclusive and first access to nationwide charter bus business generated by The BusBank.
The way the Marketplace works is that Lancer policyholders can access The BusBank portal and bid on listed charter business for the first 48 hours after a new booked trip is listed. If theirs is the winning bid, they will be notified by The BusBank within 72 hours and, as with all trips generated by The BusBank, the winning bidder will be paid in full prior to the trip.
It’s that simple.
While the majority of charter business generated by The BusBank already is handled by bus and motorcoach companies insured by Lancer, this new value-added service is expected to increase that percentage.
Source: Lancer Insurance Company
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