Shepherd

What Shepherd does

Shepherd provides insurance for the builders and operators shaping our physical world, aiming to make risk frictionless. They offer smarter underwriting powered by data and technology, providing financial services for companies that build and maintain the world. Shepherd modernizes insurance from the ground up to deliver faster decisions and clearer risk insights, with underwriting decisions made in hours, not weeks, through automation and AI. They offer pricing that proactively rewards behaviors leading to better outcomes and a unified product suite for a one-stop solution. Shepherd Savings rewards builders who invest in technology to deliver safer and better outcomes by integrating technology partners directly into underwriting for upfront credits.

Products

• Primary CasualtyEssential coverage that steadies progress, including General Liability, Commercial Auto Liability and Physical Damage, or Workers' Compensation. Available in Admitted or E&S, with GL limits up to $2M / $4M / $4M and Auto Liability & Physical Damage CSL up to $2M.
• Excess CasualtyAdditional protection that strengthens the safety net for larger or complex risks, providing liability solutions for Umbrella or Excess. It protects balance sheets, projects, and long-term growth when losses exceed expectations. Available in Admitted or Non-Admitted, with a minimum attachment of $2M and capacity of $5M - $12.5M.
• Builder’s RiskFirst-party coverage designed to protect projects while they're still taking shape, covering materials, work in progress, and capital at risk during construction. Offers Project-Specific Placements, Master Programs, and Quota Share, with Catastrophe (CAT) Coverage, Testing & Mechanical Breakdown, Modified Defective Design, Green Plus Coverage, and Contingent Builders Risk. Target project TIV up to $75M, with quota share participation on larger projects > $150M TIV.
• Shepherd SavingsA program that delivers upfront credits to builders by integrating technology partners directly into underwriting, rewarding those who invest in technology to deliver safer and better outcomes.

Key capabilities

• Smarter underwriting powered by data and technology
• Underwriting decisions in hours, not weeks
• Automation and AI streamline complexity
• Pricing which proactively rewards behaviors that drive better outcomes
• Unified product suite designed to provide a one-stop solution
• Integration of technology partners directly into underwriting for Shepherd Savings
• Comprehensive support from submission to renewal
• Online proposals with full forms preview and upfront clarity
• High-touch underwriting experience tailored to client needs

Use cases

• Protecting progress and industries that rely on it
• Risk management for large-scale construction projects
• Insurance for renewable energy and power infrastructure
• Supporting middle market to enterprise scale customers with annual programs or projects
• Providing essential coverage for complex work
• Strengthening safety nets for larger or complex risks
• Protecting projects through every phase of construction
• Incentivizing technology adoption for risk reduction

AI approach

Shepherd uses AI and automation to streamline underwriting decisions, aiming to provide faster decisions and clearer risk insights. Their technology and underwriting work together to remove friction, unlock speed, and increase certainty, recognizing safer turning innovation into tangible financial advantage.

Tech named: Automation, AI

Industries served

• Construction
• Renewable Energy
• Power

What it says sets it apart

• Speed and intelligence in underwriting decisions
• Automation and AI for streamlined complexity
• Proactive pricing that rewards positive behaviors
• Unified product ecosystem designed around project evolution
• Shepherd Savings program for financial incentives through technology adoption
• Deep underwriting expertise combined with cutting-edge technology
• Responsive and efficient service with quick turnaround times for indications and proposals
• Ability to provide competitive primary and lead umbrella options

Funding rounds we track

From the AI funding tracker — rounds as reported by the linked publications.