"We had a competing offer for the same premium on the $10M xs $10M; however, we went with Shepherd because we felt there was likelihood for a long-term relationship as well as incentive for additional premium savings for the client based on Shepherd’s unique technology programs. This client uses certain technology tools to better control their QA/QC programs that dovetail with the Shepherd Savings perfectly."
Jenny Knackstedt
Commercial Account Executive
IMA
$80M Commercial Contractor in Washington
$10m Excess Liability
Contractor Practice Program
Shepherd Savings Partner: Procore
This contractor qualified for Shepherd Savings through their use of Procore. Upon becoming a Shepherd policyholder, they received:
Premium Savings:
Upfront premium savings on their excess liability policy
The opportunity to receive additional savings upon renewal through continued adoption of Procore
Real-Time Risk Control Feedback:
Seamless data integration between Shepherd and Procore
Partnership kick-off meeting to understand how Shepherd will utilize their data to help them leverage Procore for the best safety outcomes
Monthly reports with actionable insights and best practices
This ongoing partnership aims to help the client increase jobsite safety, reduce claims, and receive maximum savings upon renewal with Shepherd.
Shepherd's founding thesis is that technology-enabled contractors present lower risk profiles than their peers. Our data analysis affirmed this bet: we found significant correlations between reduced General Liability claim frequency and specific behaviors among users of these tools. These results built the foundation of Shepherd Savings.
Shepherd Savings is a partnership program designed to benefit technology-enabled contractors. When a contractor is actively using one of our technology partners, they are eligible to receive premium savings of up to 25% by incorporating their usage data into our underwriting process. The data allows our team to provide ongoing risk control feedback throughout the policy term, helping contractors understand what type of engagement leads to the best safety or quality outcomes.
Upon receiving the submission for this contractor practice program, Shepherd quickly identified that the client was already implementing Procore to enhance their QA/QC programs. Our team provided a Shepherd Savings proposal offering immediate premium savings in recognition of their Procore adoption.
The client then enrolled in our data-sharing partnership with Procore, giving Shepherd access to their monthly usage metrics. This allows our team to analyze how they're utilizing the platform and provide ongoing feedback to optimize for improved safety outcomes. We do this through our monthly impact reports sent to the client with the data insights. As the contractor implements our recommended risk-reducing behaviors and shows continued strong adoption throughout the policy term, Shepherd will use this data to offer maximum premium savings at time of renewal.
The Shepherd Savings program extends beyond rewarding technology investments—we aim to be an active partner in integrating these technologies into clients' comprehensive risk management strategies. By recognizing these efforts with financial benefits, we support contractors' continued investments in innovative solutions that enhance jobsite safety and contribute to building a safer, more sustainable construction future.
Underwriting Profile
Shepherd Savings
Shepherd Savings Partners
Underwriter
Erin Page
Underwriter
Customer Experience
Nat Miller
Customer Experience
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Any appointed broker can send submissions directly to our underwriting team