Lockhart Insurance

What Lockhart Insurance does

Lockhart Insurance is a small, privately held insurance agency headquartered in Greenwell Springs, Louisiana, founded in 1972. Per firmographics, the firm operates with 1-10 employees and offers commercial, home, auto, business, life, and pet insurance coverage services. The aggregated data indicates affiliation with the broader Towne Insurance / TowneBank family of services ecosystem, which provides a comprehensive multi-line insurance platform spanning personal lines (homeowners, auto, umbrella, specialty vehicles), business insurance (BOP, commercial property, cyber liability, workers' compensation, surety bonds, employee benefits), industry-specific solutions across nine verticals, and life and health products (term/whole life, annuities, disability, Medicare supplement).

The business model is commission-based, with revenue derived from insurance premiums placed with carrier partners. Distribution is sales-led through dedicated risk advisors, supplemented by a self-service website quoting flow and the Shield24 proprietary portal for policy management and claims. The firm benefits from cross-referral channels within the TowneBank family of services, including banking, wealth management, mortgage, and real estate divisions. Pricing is quote-based and tailored to individual risk profiles, with billing typically on a monthly cadence. The firm's core technology is the Shield24 customer portal, which functions as a differentiator through ease-of-use implementation rather than technical novelty.

Strategic positioning emphasizes relationship-based advisory services, community engagement, and integration with the TowneBank financial services umbrella. The firm operates primarily in regional markets with a focus on personal, SMB, and mid-market commercial customers across diverse industries. No public pricing tiers, revenue figures, or AI/ML capabilities are disclosed.

Name

Lockhart Insurance

Legal name

Towne Insurance

Website

https://lockhartinsurance.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1–10 employees

Short description

Lockhart Insurance is a small privately held insurance agency in Greenwell Springs, Louisiana, offering commercial, home, auto, business, life, and pet insurance coverage to individuals and businesses, affiliated with the TowneBank family of services for integrated financial distribution.

Ownership category

akta.pro rank

Product category

Insurance Agency Services

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Personal Auto Insurance (FSAJAMAA)

akta.pro secondary industry

Pet Insurance (FSAJAKAG)

Keywords

• Commercial insurance
• Home insurance
• Auto insurance
• Life insurance
• Pet insurance

Headquarters

HQ city

Greenwell Springs

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Insurance Premiums: The company generates revenue through insurance premiums paid by customers for various coverage types including personal (homeowners, auto, umbrella), business (BOP, commercial property, liability), and life & health insurance products.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Lockhart Insurance is an independent local insurance agency that places commercial, home, auto, business, life, and pet insurance coverage on behalf of individuals, families, and small businesses. The firm acts as an intermediary between customers and insurance carriers, earning commissions on the policies it places across multiple coverage lines.

Product overview

Towne Insurance operates as a comprehensive insurance provider offering a multi-module platform of personal, business, and life & health insurance products. The personal insurance portfolio includes property coverage (homeowners, condo, renters, flood, landlord), vehicle coverage (auto, classic cars, motorcycles, motorsport, RV, boat), and umbrella protection, organized under sub-brands like Private Client Group for high-net-worth clients. Business insurance solutions encompass standard commercial lines (BOP, commercial auto, property, umbrella) along with specialized offerings including cyber liability, management liability, workers' compensation, and surety bonds. The company provides industry-specific solutions across nine sectors (construction, real estate, manufacturing, marine, hospitality, professional services, non-profits, staffing, transportation, healthcare) with complementary risk management and consulting services. Life & health products include accident, annuities, disability, health, life, long-term care, and Medicare supplement coverage. A proprietary sub-brand, Shield24, provides a claims management portal for policyholders.

Differentiator

Problem solved

Functional benefit

Brands

• Shield24: Customer portal for policy management, claims submission, and account access

Products and services

• Commercial Insurance Insurance coverage for commercial risks placed for local businesses through the agency.
• Home Insurance Residential property insurance coverage placed for homeowners and households through the agency.
• Auto Insurance Personal automobile insurance coverage placed through the agency for individuals and families.
• Business Insurance General business insurance coverage placed for small business owners through the agency.
• Life Insurance Life insurance coverage placed for individuals through the agency to provide financial protection for beneficiaries.
• Pet Insurance Pet health and accident insurance coverage placed for pet owners through the agency.

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• TowneBankcoreOthersTowne Insurance is a subsidiary of TowneBank, operating as part of the Towne Family of Services which includes banking, wealth management, mortgage, health insurance, and real estate. This integrated approach allows for cross-referrals and comprehensive financial planning services for customers.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• Hub International: Large North American insurance brokerage with broad personal, commercial, and employee-benefits offerings; directly comparable product breadth and distribution via risk advisors.
• USI Insurance Services: Mid-market US insurance brokerage and consulting firm with personal, commercial, and benefits product set; operates the same agency/brokerage distribution model with strong regional offices.
• Brown & Brown Insurance: Mid-size US insurance brokerage with comparable multi-line personal, commercial, and specialty product breadth and risk-advisor-led sales model; directly comparable in scale and operating model to a Towne/Lockhart-style agency.
• NFP (Aon): Mid-market insurance broker and consultant acquired by Aon; offers personal, commercial, and benefits coverage analogous to the subject company.
• AssuredPartners: US insurance brokerage rolling up regional agencies with multi-line offerings across personal and commercial lines; directly comparable agency model with regional acquisition-led growth.

Emerging players

• Truist Insurance Services: Banking-integrated insurance brokerage inside a regional bank (Truist); closely analogous to the subject's TowneBank distribution model and cross-sell strategy.
• Acrisure: Tech-enabled insurance brokerage rapidly aggregating regional agencies; offers the same multi-line retail products while layering digital/AI capabilities on top.

Broad incumbents

• Lockton Companies: Largest privately held insurance broker globally with broad personal, commercial, and specialty expertise; competes on enterprise and specialty commercial where the subject also operates.
• Marsh McLennan Agency: Middle-market subsidiary of Marsh McLennan offering personal and commercial lines through regional offices; directly comparable product set at higher scale.
• Arthur J. Gallagher & Co. Largest US-focused retail insurance brokerage; competes across all the same personal, commercial, and employee-benefits lines but at substantially greater scale and national footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/TowneInsurance1
• LinkedInlinkedin.com/company/towneinsurance
• Instagraminstagram.com/towneinsurance

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lockhart Insurance