"## Contractor Profile\n* Owner Controlled Insurance Project (OCIP)\n* $260M Entertainment District Construction Project\n* Located in Atlanta\n* 5-year term \n* $2/$4M/$4M Primary and Lead Excess with Shepherd\n\n## Results\nIn June Shepherd announced a partnership with leading reality capture provider, OpenSpace, to reward customers who utilize the 360 degree capture technology for their projects or portfolio. This partnership came on the heels of a comprehensive data study with the OpenSpace team that found reduced the likelihood for loss.\n\nThis case study highlights a client who purchased OpenSpace as part of their OCIP placement with Shepherd and the immediate benefits they received:\n\n* Understanding of OpenSpace as a risk mitigation tool\n* Side-by-side Shepherd quote comparison to see the tangible benefits of utilizing OpenSpace\n* 15% upfront premium savings on each their Primary GL and Umbrella insurance policies\n* 100% cost of their OpenSpace purchase covered\n* Additional savings to continue investing in meaningful risk mitigation tools\n* Collaborative partnership with Shepherd and OpenSpace to execute a successful implementation\n* Real-time data analysis to help maintain high standards for jobsite quality and safety\n\n## Background\nShepherd Savings is a program designed to provide upfront premium savings for contractors and developers who are investing in risk-reducing technology on job sites. The rewards are based on builders who have adopted, or are willing to implement these technologies for the first time. By incorporating these tools into project delivery, contractors are enhancing their risk controls and reducing the likelihood for loss. \n\nOne of our partners, [OpenSpace](https://www.openspace.ai/), is a leader in Reality Capture technology, offering powerful tools for photo-based site documentation and project tracking. Their 360-degree cameras and AI-powered software allows contractors to quickly capture site images, map them to project plans, and create a full visual record of their jobsite. This enhances transparency, accountability, and collaboration, leading to better risk management outcomes. \n\nShepherd studied the impacts of OpenSpace on jobsite safety and found significant correlations between strong usage and improved liability claims outcomes, underscoring the value of OpenSpace as a comprehensive risk management solution. You can read more on our data study [here](https://shepherdinsurance.com/blog/new-partnership-announcement-openspace-and-shepherd-savings). \n\n## How It Came Together\nWhen Shepherd receives any project-specific placement, our underwriting team will send an optional proposal for the client to leverage tools like OpenSpace in exchange for additional savings. For this OCIP project, we recognized an immediate opportunity to introduce OpenSpace (as the client was not already utilizing the tool) for the benefit of providing substantial savings. \n\nHere’s how our streamline process works: \n\n* **Underwriting**: Shepherd introduced OpenSpace as a risk management solution for the project and we provide a side-by-side proposal showing the cost savings\n* **Implementation**: Shepherd introduced the client to our dedicated OpenSpace team to execute the agreement and ensure a smooth implementation\n* **Analysis**: Once the project begins, the client will receive ongoing tracking on product usage as well as best practices to improve their adoption and further savings at renewal\n\nThe decision to adopt OpenSpace proved compelling for the client. Beyond implementing a powerful solution for project productivity tracking and safety, they were able to do so without incurring additional expense. The financial benefits were particularly attractive: the cost savings not only covered the entire OpenSpace investment but generated additional funds for future risk management initiatives.\n\nAs the project progresses, our partnership delivers ongoing value through active monitoring and support. Shepherd’s customer service team collects real-time utilization data from OpenSpace and translates this information into actionable insights for the client. This continuous feedback helps optimize their use of the technology while maintaining high standards for jobsite quality and safety. Through this data-driven approach, we're aiming to be a long-term partner in helping our contractors build safety and more sustainable construction practices. "