Knowledge is Power

Online Broker Portal Commercial Risk Success

Hotel Construction 850x250

     

Phone conversation between Mr. Brown, principal at a Texas insurance agency and Ms. Jones, regional marketing contact at Victor O. Schinnerer & Co.

Ms. Jones (MJ): “I noticed you have only submitted residential applications through our online broker portal. Did you know we write commercial risks?”
Mr. Brown (MB): “You write commercial projects?!”
MJ: “Yes, we expanded our Builders Risk program to include commercial projects in 2016.”
MB: “I have an application on my desk right now for a new hotel and was planning to submit through your competitor’s portal. Does your online portal accept commercial projects?”
MJ: “Absolutely. You can submit commercial, residential, and renovations projects through our portal.”
MB: “Renovations projects too?! That is so great to know. I primarily write commercial risk and renovations and never thought of using Victor O. Schinnerer & Co. Thank you so much for reaching out.”

Mr. Brown entered the hotel project into the Schinnerer online broker portal as soon as he hung up the phone. 

 


     

Value of the project: $16,500,000
Construction type: Masonry Non Combustible (MNC)
Location: Texas
Total insured value: $17,350,000
Required soft costs: $850,000.

The risks of the project met all underwriting guidelines for
the Schinnerer Builders Risk program, however due to the
higher project value, underwriting review was required. A
member of the underwriting team reached out to Mr. Brown
within an hour of submitting the application to request a
“scope of work” and inform him that a 1 percent wind deductible was required for the project location. Mr. Brown provided the necessary information right away and received 
a competitive quote by the end of the day.    


Benefit #1

Schinnerer’s online broker portal allows you to enter a submission in less time, requiring 15 percent fewer “clicks” than the competition.

Benefit #2

Schinnerer’s online broker portal accepts submissions for new commercial, new residential and renovation projects. 


Download a printer-friendly version.


Get a quote in minutes using our Online Broker Portal.


Victor O. Schinnerer & Co., Inc. | Two Wisconsin Circle | Chevy Chase, MD 20815
Phone: 301-961-9800 | Fax: 301-951-5444 | www.Schinnerer.com | vos.info@Schinnerer.com
Any examples in this article are for illustrative purposes only and any similarity to actual individuals, entities, places or situations is unintentional
and purely coincidental. This material is not intended to establish any standards of care or to serve as legal advice appropriate for any particular
factual situations. This information is for illustrative purposes only and is not a contract. It is intended to provide a general overview of the policy described.
Nothing contained herein should be construed as an acknowledgement by Schinnerer that a given situation may be covered under a particular policy.
©2017 Victor O. Schinnerer & Company, Inc. | In CA, dba Schinnerer Insurance Services | CA Ins. Lic. # 0156109 


Related Content

                      
One Broker's Story of Success          Builders Risk Webinars          War Story: "A Profit Saved is a Profit Earned"
Frustrated businessman 200x200
          
Computer webinar 200x200
          
House Fire 200x200


Underwriting Contact

DonnaBerry200x200

Donna Berry
(904) 565-2682
Donna.Berry@Schinnerer.com

Scroll to top