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Schinnerer Announces Its International Insurance Program

February 5, 2008
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Victor O. Schinnerer & Company, Inc. announces the launch of an international insurance program. This coverage is designed to protect the employees of U.S.-based businesses who travel, even infrequently, to locations outside the U.S.


Schinnerer Announces Its International Insurance Program

ACE USA to Serve as Carrier

Chevy Chase, MD-Victor O. Schinnerer & Company, Inc. announces the launch of an international insurance program. This coverage is designed to protect the employees of U.S.-based businesses who travel, even infrequently, to locations outside the U.S. ACE USA will provide coverage as part of its International Advantage® program offered through ACE American Insurance Company, rated A+ (Superior) by A.M. Best, part of the ACE Group of Companies.

Eligible companies include those who do business internationally, have international offices, advertise or sell products on the internet, export products, have foreign licensees selling their products, have employees either temporarily or permanently stationed in other countries, or have employees that go on tours, trips or participate in studies abroad.

The program features an international package of insurance coverages that can include: commercial general liability, commercial auto, employer’s responsibility, commercial property and business income, international medical and accidental death and dismemberment. Premiums start at $2,500.
Also included in this program is the ACE International Advantage® Executive Assistance® Services, which provide emergency, medical, personal, travel and security assistance to those traveling or stationed abroad. These services are a key component to helping U.S.-based companies manage their international risks and provide on-the-ground support to customers and is a leading factor why companies buy this insurance. These services are offered through two of the world’s leading service companies, Europ Assistance and Control Risks Group.

“Introducing this coverage to our customers, particularly those in the construction industry, seemed a good fit,” notes Lorna Parsons, President and Chief Underwriting Officer of Victor O. Schinnerer. “Many of our clients travel overseas to manage a project or have international offices in areas where development is ongoing. The ability to provide better protection for their employees is appealing to them.”
“We’re pleased to join forces with Schinnerer’s team of experienced professionals as this provides us with continued opportunities to expand our business and bring ACE USA’s innovative risk management solutions and breadth of underwriting expertise to brokers, agents and customers facing international risk exposures in the foreign liability market,” said Scott Lambert, Senior Vice President, ACE International Advantage.

Victor O. Schinnerer & Company, Inc. has provided insurance coverage to a variety of industries for almost 70 years. For more information on the International Insurance program, go to: http://www.schinnerer.com/intl-advantage.html.

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