$352M Electrical Contractor in New Jersey
The Shepherd team provided multiple limit options as we tried to restructure the primary and excess program to achieve cost savings. While the structure ended up staying the same, Shepherd quoted additional limits that the client decided to purchase to support them as their business grows.
- Electrical and engineering contractor
- Headquartered in New Jersey
- Operations in 13 states
- Contractor practice program
- $5M x $45M x P follow-form excess liability policy
We received the submission for a practice program renewal. We provided our initial indication within 1 business day after receiving full submission details and provided a formal quote within 2 business days of receiving the underlying terms. We spent time with the broker to understand the client’s operations and exposures in order to gain a thorough understanding prior to quote. We also provided pricing at multiple layers to help the broker successfully build their tower.
Our flexibility to quote multiple layers and our ability to thoughtfully consider specific exposures in our underwriting helped secure our placement in the tower. Our responsiveness and transparency throughout the quoting process provided open communication which allowed us to form a quick and strong partnership with the brokerage team.
