Schinnerer enhances construction management program

Victor O. Schinnerer & Co. Inc. announces two enhancements to its construction management program to better meet the needs of policyholders.

There is no longer a residential cap in the construction management program. Schinnerer is now able to write up to 100 percent residential which includes: single family, multi-family (townhomes) and apartment projects.

Multi-year policies are now available for construction management risks that meet the following criteria:

• Firms with less than $250,000 in fees
• Maximum five year loss ratio of 60 percent
• No more than one open claim

The new multi-year policy has lower minimum premiums than the traditional annual policy. The filing is currently under way in all 50 states.