Chevy Chase, MD – Victor O. Schinnerer & Company, a leading underwriting manager, announced today the launch of a new professional liability policy form for design professionals.
The new form includes a variety of policy enhancements that benefit large, mid-size, and small architecture, engineering, surveying, and design consultant clients. Policy enhancements include expanded pollution liability coverage, rectification expense coverage, deductible incentives, supplementary payments, exclusion carvebacks, and additional extended reporting period options.
“We are pleased to offer this new, cutting-edge policy form to our brokers and clients. As one of the largest underwriters of professional liability for design professionals, Schinnerer continues to be the leader in the market by offering innovative underwriting solutions. The new form is the latest example of how we are leveraging our vast experience and underwriting expertise in the construction industry to respond to the evolution of exposures design professionals face today,” said Kevin Collins, Senior Vice President, Professional Liability at Schinnerer.
The new admitted nationwide policy form will be filed in all states and is already available in Alabama, Arizona, Arkansas, Connecticut, Georgia, Hawaii, Idaho, Indiana, Iowa, Maine, Michigan, Minnesota, Mississippi, Missouri, New Jersey, North Carolina, South Dakota, Tennessee, Texas, Utah, Washington, West Virginia and Wisconsin. Schinnerer will continue to use the current professional liability policy form in all additional states until filings are approved.
Schinnerer’s leading portfolio of insurance products for design professionals includes professional liability, management liability, and property/casualty solutions.
Victor O. Schinnerer & Company, Inc. is one of the largest and most experienced underwriting managers of specialty insurance programs in the world. Schinnerer now serves more than 46,000 insureds in various specialty industries through independent insurance agents and brokers. Learn more at www.schinnerer.com.