Wastewater treatment plant improvement project in New Jersey
OCIP
42-month project
$10M x $25M x P project excess liability policy
After a recent meeting with the broker team to discuss upcoming opportunities, Shepherd received this submission for a 42-month OCIP extension. We provided our initial indication within 4 hours of receiving the submission and turned around our formal proposal within 4 business days to meet the requested deadline; binding the deal on the same day.
Our ability to support the 3+ year program extension terms on a wrap-up that had been delayed, including completed operations coverage for previously-completed work helped secure this deal. Additionally, with this being a project extension, we ensured consistency in coverage terms throughout the new policy term which supported the project needs.
Underwriting Profile
Underwriter
Costas Hadjipateras
Head of Underwriting
More Case Studies
Rolling CCIP Program in Utah and Idaho
$10M excess liability policy for 36-month project
$12B General Contractor in Nebraska
Quota share $10M p/o 25M excess liability policy for contractor practice program
$26M Agricultural Buildings Contractor in Iowa
$10M excess liability policy for contractor practice program
Any appointed broker can send submissions directly to our underwriting team