How This GC Turned Jobsite Safety into Premium Savings with Shepherd Savings

Contractor Profile

• Contractor Practice Program
• $450M General Contractor in WA
• 10x20 Excess Liability Placement
• Savings Partner: Raken

Results

This case study highlights how this general contractor received immediate benefits with Shepherd Savings for their focus on improving jobsite safety with Raken. Upon becoming a Shepherd policyholder, they received:

• Significant premium savings on their Shepherd policy.
• Monthly analytics with targeted insights around Raken’s safety features.
• Dedicated partnership with Shepherd Opportunity for additional premium reduction year over year.

Background

Last month, over half of new Shepherd policyholders enrolled in Shepherd Savings - a program designed to reward contractors investing in the best-in-class construction technologies effectively impacting jobsite safety today. That’s why we decided to partner with [Raken](https://www.rakenapp.com/pricing-lp?utm_medium=paid-search&utm_source=google&utm_campaign=Brand-WMD&utm_adgroup=Brand-Keywords-Exact&utm_term=raken&gad_source=1&gclid=CjwKCAjwyfe4BhAWEiwAkIL8sCdOggsWA5e90PqIORuu4G6E2Gi8qUC8cYRHyucCXcTCojN37VHGMhoC_lcQAvD_BwE). As one of the construction industry's most trusted providers, Raken equips over 5,000 U.S. contractors with powerful project and safety management tools.

The data supports our decision to make Raken a Shepherd Savings partner. In collaboration with Raken's team, we conducted an extensive analysis of insurance loss runs dating back to 2017, examining over 600 Raken users nationwide. Our findings revealed that:

1. Active Raken users, regardless of how they use the platform, performed better than non-users.
2. Higher activity correlated with lower loss rates and claim frequency.
3. Active Raken users, on average, have lower loss rates and claim frequency after adopting Raken than they did before adopting Raken.

Our study validates Raken's effectiveness on reducing claim severity and frequency, making the decision to add Raken to the Savings program a no-brainer. You can read more about the partnership launch [here](https://shepherdinsurance.com/blog/new-partnership-raken-shepherd-savings).

How It Came Together

This policyholder’s experience with Shepherd Savings demonstrates just how seamlessly contractors can turn their existing Raken usage into immediate insurance benefits. Here’s how it worked:

The client received a customized Shepherd Savings proposal showing the exact dollars saved for being a Raken user.

They completed our one-step enrollment process.  

Choosing Shepherd as their insurance partner, they received immediate premium savings on their policy.

Beyond the initial savings, Shepherd Savings is meant to provide lasting value through an active partnership with our contractors. Our Customer Experience team partners with these clients throughout their policy term to help them maximize their investments in Raken and drive further premium savings. Contractors receive:

• Monthly analytics with targeted insights and recommendations for continued adoption of Raken’s features.
• Collaboration with the Raken team to help deploy further features of the tool.
• Continuous data analysis that shapes their renewal terms, with the potential to receive additional premium savings.

Shepherd Savings recognizes and rewards contractors who invest in technology like Raken. As your insurance partner, our goal is to help you maximize Raken's capabilities to enhance jobsite safety and reduce claims, and provide you significant premium savings for doing so.

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