OpenSpace + Shepherd: a winning partnership
How it works—capture and save
Here’s how our partnership with insurance provider Shepherd works: Capture your next project with OpenSpace to qualify for the Shepherd Savings program. Shepherd applies credits to your proposal, saving you up to 25% on your premium—offsetting your cost of OpenSpace (potentially your entire cost). Read Shepherd’s announcement here.
The Shepherd difference
Shepherd is a technology-enabled insurance provider specializing in the commercial construction industry. They offer Casualty coverages for annual contractor programs and wrap-ups such as CCIPs. Their focus on data partnerships to unlock real, meaningful savings is what led them to OpenSpace. Shepherd found OpenSpace customers to be lower risk, experiencing fewer claims and smaller losses, which is why they can offer lower premiums to qualified OpenSpace customers. Results of their analysis showed up to 50% loss frequency versus the industry average and 26% loss rate reduction for customers after adopting OpenSpace.
"OpenSpace has been incredible for tracking daily progress and giving us a clear picture of what's happening on site. It's a huge plus to save money on insurance just by doing what we needed to do anyway. After 2.5 months of using OpenSpace, it’s been a win for both project management and insurance savings."
Daniel Naranjo, Project Engineer
Resources
Unlock insurance savings with construction tech
Watch our conversation with Justin Levine, Co-Founder and CEO of Shepherd.
Shepherd Savings case study
Learn how an owner gets 15% premium savings with OpenSpace activation.
Ready to start saving?
Let’s talk about Shepherd Savings.