Data Center Developer opts into Shepherd Savings for $315M OCIP in VA
Shepherd exceeded all expectations as the insurance partner for our client's $315M Virginia data center project. Their speed & adaptability impressed us most—delivering a quote within 24 hours which allowed us to work efficiently with our client and demonstrated their commitment to the program. Their flexibility in providing multiple program structure options allowed our client to select the ideal solution. Shepherd's deep knowledge of the project risks and thoughtful evaluation of our client's specific needs made structuring this OCIP a truly collaborative process.
Most valuable was their technology-forward underwriting approach. By recognizing our client's Procore investment through their Shepherd Savings program, they delivered a 15% reduction that validated our client's commitment to technology-enabled risk management. I highly recommend Shepherd to brokers with sophisticated construction clients. They're genuine partners who bring technical expertise and flexibility to project placements.
We have deployed Shepherd’s capabilities across construction projects with some of our fastest growing and strategic clients, resounding success for WTW & clients alike.
- OCIP
- $315M Data Center project in VA
- 5-year term
- Virginia
- Primary $2M / $4M / $4M
- Excess Lead $10M
- Shepherd Savings: Procore
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](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.
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.
