Leading National Construction Firm Saves $78K on Combined Casualty & BR for Texas PK-12 CCIP with Shepherd Savings

About the Builder and Project

The insured is a leading national construction management and general contracting firm building a new construction $90M PK-12 educational facility in Texas on a 19-month CCIP. The insured was already an OpenSpace user on the project, which meant they could take advantage of Shepherd Savings from day one.

For this kind of client, insurance is not just about coverage. It is about removing friction. They have a deliverable critical to the community, the schedule has parents and a school year attached, so friction in the insurance program shows up in the work.

About the Placement

The CCIP needed casualty (Primary GL plus Lead Excess) and Builder's Risk to land cleanly together. Splitting them across two markets means two underwriting conversations, two coverage discussions, two sets of terms to reconcile, and two different carrier teams answering the broker's phone call when something on the project changes mid-build.

The Texas market also has its own pressure point on Builder's Risk: convective storm deductibles. Any program written today on a Texas project has to land a convective storm structure the client can actually live with, not the default the market wants to push.

How it Came Together

Shepherd quoted Primary General Liability ($2M / $4M / $4M) and Lead $5M Excess on the 19-month CCIP and bound the casualty program. As part of that placement, the broker also positioned the client into Shepherd Savings through OpenSpace (the technology partner the client was already using), which produced $78,000 of differentiated savings on the casualty program.

Once the casualty was bound, the broker was able to immediately work with Shepherd on the Builder's Risk placement. That opened a seamless path to a single-placement solution that the broker could then put in front of the client as a coordinated program instead of two parallel marketing efforts.

The Shepherd Solution

Speed to quote: Shepherd came back on the casualty quote less than 24 hours after the request for a quote, and on the Builder's Risk just 2 hours later. 

Two-line continuity: Shepherd carried the casualty underwriting work directly into the Builder's Risk review, so the team didn’t skip a beat ramping up on the Builder’s Risk submission.

A Texas-relevant convective storm structure: Shepherd worked with the broker on the weather-related deductible pressure point and landed a 2% convective storm deductible capped at $150,000, which is a competitive structure for current Texas conditions.

Comprehensive Builder's Risk coverage: The bound Builder’s Risk program included All Risk with Convective Storm, Wildfire, Named Windstorm, Earth Movement, Flood, Cold Testing, and Soft Costs.

Shepherd Savings activation: The unique Shepherd partnership with OpenSpace produced $78,000 of savings on the casualty program simply by rewarding the insured for technology they already used to execute a safe and high-quality build.

The outcome

The broker delivered a coordinated Casualty plus Builder's Risk program with the convective storm deductible where the client needed it, the full set of property perils covered, and $78,000 of casualty savings tied to technology the client was already using. 

"Shepherd was a great partner for us on this placement. The team was highly responsive, pragmatic, and easy to work with from submission through bind. They moved quickly, communicated clearly, and stayed solutions-oriented as details evolved, which helped keep the project on track. We also appreciated the flexibility and collaborative approach in getting to a structure that fit the client's needs."

Wilson Ortiz-Vega, Arthur J. Gallagher

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