Case Studies
Data Center Developer opts into Shepherd Savings for $315M OCIP in VA

Data Center Developer opts into Shepherd Savings for $315M OCIP in VA

Project
Shepherd Savings
"## Program Type\n\n* OCIP\n* $315M Data Center project in VA\n* 5-year term\n* Virginia\n\n\n## Placement Profile\n\n* Primary $2M / $4M / $4M\n* Excess Lead $10M \n* Shepherd Savings: Procore\n\n\n## Background \n\nA data center developer was seeking coverage for a $315M OCIP in Virginia and needed a partner who could provide comprehensive coverage while understanding the nuances of data center construction. Shepherd was well-positioned for this opportunity due to our previous experience writing similar projects and our technical understanding of data center construction risks.\n\nAdditionally, we had evaluated several of this developer’s past projects, giving us insight into their operations, construction methods, and risk management practices—including their use of Procore. This alignment with Shepherd Savings made the opportunity a strong strategic fit.\n\n## How it came together\n\nShepherd won this opportunity due to our unique underwriting approach focused on speed, efficiency, and expertise.\n\n**Speed**: Despite the tight turnaround requirement, Shepherd delivered. Having previously evaluated similar project scope and jurisdiction, we leveraged our existing knowledge to provide a quote within 24 hours – showcasing the value of Shepherd’s in-house underwriting platform. \n\n**Efficiency**: The project initially came to us as a program for three buildings collectively. Throughout the underwriting process, we were asked to provide options for different building combinations. Our ability to quickly develop multiple options allowed the client to select the solution that best fit their insurance needs. With this first win, we established our capabilities for handling future projects in their pipeline.\n\n**Expertise**: Shepherd's collaborative approach supported the clients desire to utilize an owner-controlled insurance program (OCIP) on this project while creating a template for future developments. This relationship was strengthened further through our shared focus on technology-enabled risk management. The client qualified for [Shepherd Savings](https://shepherdinsurance.com/solutions/savings) through their use of Procore, earning premium savings to support their continued investment in construction technology that enhances project safety and quality control.\n\n**Total Savings**: 15%. The client’s utilization of Procore yielded a net premium difference of $76,000 on this project. \n\nOur team looks forward to building a long-term relationship with the client on this program, and future projects to come. "

Program Type

  • OCIP

  • $315M Data Center project in VA

  • 5-year term

  • Virginia

Placement Profile

  • Primary $2M / $4M / $4M

  • Excess Lead $10M

  • Shepherd Savings: Procore

Background

A data center developer was seeking coverage for a $315M OCIP in Virginia and needed a partner who could provide comprehensive coverage while understanding the nuances of data center construction. Shepherd was well-positioned for this opportunity due to our previous experience writing similar projects and our technical understanding of data center construction risks.

Additionally, we had evaluated several of this developer’s past projects, giving us insight into their operations, construction methods, and risk management practices—including their use of Procore. This alignment with Shepherd Savings made the opportunity a strong strategic fit.

How it came together

Shepherd won this opportunity due to our unique underwriting approach focused on speed, efficiency, and expertise.

Speed: Despite the tight turnaround requirement, Shepherd delivered. Having previously evaluated similar project scope and jurisdiction, we leveraged our existing knowledge to provide a quote within 24 hours – showcasing the value of Shepherd’s in-house underwriting platform.

Efficiency: The project initially came to us as a program for three buildings collectively. Throughout the underwriting process, we were asked to provide options for different building combinations. Our ability to quickly develop multiple options allowed the client to select the solution that best fit their insurance needs. With this first win, we established our capabilities for handling future projects in their pipeline.

Expertise: Shepherd's collaborative approach supported the clients desire to utilize an owner-controlled insurance program (OCIP) on this project while creating a template for future developments. This relationship was strengthened further through our shared focus on technology-enabled risk management. The client qualified for Shepherd Savings through their use of Procore, earning premium savings to support their continued investment in construction technology that enhances project safety and quality control.

Total Savings: 15%. The client’s utilization of Procore yielded a net premium difference of $76,000 on this project.

Our team looks forward to building a long-term relationship with the client on this program, and future projects to come.

Underwriting Profile

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$2M Primary GL & $10M Excess

$2M Primary GL & $10M Excess

Shepherd Savings Partners

procore

Underwriter

Skyler Simson

Skyler Simson

Underwriter

Customer Experience

Kierstan Williams

Kierstan Williams

Customer Experience

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