$283M General Contractor in Vermont utilizing Casualty Pro
Insured Profile
- General contractor, construction management, and design-build firm
- Headquartered in Vermont
- Operations in FL, GA, MA, ME, NH, NY, NC, and VT
Placement
- Contractor practice program
- $10M x $15M x P follow-form excess liability policy
Working with Shepherd
After meeting with the broker to discuss prospective opportunities, the broker sent this submission to Shepherd for a review. We provided our initial indication within 24 hours and immediately activated our Casualty Pro offering. We quoted multiple layers within the tower in order to identify the best option for the client’s program needs.
Why We Won
The initial conversation around Casualty Pro led to a client meeting between Shepherd, the Chief Information Office, and the Director of Risk Management. After discussing the program, treatment of construction tech data, and benefits for the client, the insured opted into our Casualty Pro offering. Based on the insured’s strong adoption of Procore, we were able to provide revised pricing and terms for our proposed layer that ultimately secured the win. We formed a strong partnership with the broker through our communication and responsiveness throughout the process.
"Shepherd won the business for two reasons, people and value. The team made themselves available to meet with the client, which was very well received as our client is a relationship buyer and they were able to provide tremendous value by offering multiple layer options at competitive rates with solid coverage. The client is ecstatic with the results and is looking forward to a long partnership with Shepherd."
Meet the underwriter
Costas Hadjipateras
Costas has 11 years of underwriting and management experience in the casualty space. Costas started his career with Chubb's primary Construction Group in Los Angeles, and eventually managing the Foreign Casualty unit for Chubb's Pacific Region. Before joining Shepherd he was most recently with the Hartford, where we has an Executive Underwriter in their Northern California Middle Market Division.