Insured Profile

• General contractor and developer

• Headquartered in New York

• Operations in NY and NJ

Placement

• Contractor practice program

• $10M x $30M x P follow-form excess liability policy

Working with Shepherd

We received the submission for this NYC-based contractor practice program renewal. We provided our initial indication within 7 hours of receiving the submission. Although a majority of the exposure was in a difficult jurisdiction, we had an appetite for the program based on the requested layer, program structure, and terms. We turned around our formal quote within 3 business days after receiving the underlying terms.

Why We Won

Close and consistent communication with the broker allowed our team to meet target pricing, terms, and conditions by the requested timeline. Deep expertise and background in NYC construction from the Shepherd underwriting team was a critical factor. We confidently wrote the NYC-based risk due to the insured’s strong loss history and safety control measures (including Procore).