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
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From Paper to Platform
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