Protective Insurance Company is an insurance company based in Indianapolis, Indiana. Established in 1954, the company provides fire, property, and casualty insurance coverage. The company specializes in providing insurance for the transportation industry. Protective offers public transportation insurance program that provides comprehensive coverage for charter and tour bus companies, school bus contractors and limousine services. The company operates as a subsidiary of Baldwin & Lyons. The assets of the company are managed by the executive management team.