Shepherd Insurance Analysis: $14M Raised

Commercial insurance for construction's middle market

Provide general liability coverage for contractors; Offer umbrella liability for construction projects; Deliver project-specific builder's risk insurance; Implement risk management software for clients; Facilitate premium savings through technology partnerships

Trusted by leading retail brokerages in commercial risk; Offers up to 25% premium savings for clients using technology; Provides insurance backed by top capacity and reinsurance providers

Shepherd Insurance has reported notable clients in their case studies, including:

1. $25M Street & Road Contractor in Florida - This case study emphasizes Shepherd's technical expertise that supported the expansion of their primary practice.
2. $90M Heavy Civil Contractor in Georgia - The focus here is on how Shepherd's high-touch approach contributed to the growth of their primary practice portfolio.
3. $87M Life Sciences Development Project - In this project, Shepherd provided a combined casualty and builder's risk offering.

These relationships highlight Shepherd Insurance's commitment to delivering tailored insurance solutions and risk management services to clients in the construction industry.

Shepherd Insurance employs a sales-led growth strategy, focusing on high-touch relationships and structured enterprise sales cycles. Their website emphasizes the importance of personal interaction, with no prominent free trial or self-service signup options. Instead, they highlight their efficient underwriting process and risk management solutions, which are tailored for the construction industry's middle market. The pricing information is not transparently displayed, suggesting a more traditional sales approach where potential clients may need to contact sales for detailed information. Customer testimonials reflect positive experiences with their service, indicating a focus on building strong client relationships. Additionally, the presence of educational resources like insights and case studies supports their sales-led approach, as they aim to provide value through expert knowledge rather than self-service tools.

The homepage of Shepherd Insurance does not provide specific pricing details, such as transparent pricing structures or free tiers. However, it mentions that clients can achieve "up to 25% premium savings" by utilizing leading technologies for safety and risk management. Additionally, there are "automatic credits for customers" as part of their savings program. Overall, while there are incentives for savings, the pricing information is not explicitly detailed or transparent.

Shepherd Insurance employs a diverse technology stack across various roles, particularly in engineering and product management. The findings from the job postings are as follows:

Programming Languages:

• Typescript: Mentioned in the Senior Software Engineer role, indicating a preference for strongly typed languages.
• JavaScript: Implied through the use of frameworks like React and Next.js.
• Node.js: Used in backend development, suggesting a JavaScript runtime environment for server-side applications.

Frameworks and Libraries:

• Frontend:
  • React & Next.js: Indicate a focus on modern web development practices.
  • GraphQL with Apollo: Used for API management, suggesting a preference for flexible data querying.
• Backend:
  • Node.js: As mentioned, used for server-side applications.
  • Postgres & Redis: Indicate a relational database and an in-memory data structure store, respectively.

Infrastructure and DevOps Tools:

• The job postings did not explicitly mention cloud providers, containerization platforms, or CI/CD tools. However, the use of modern frameworks suggests a likely reliance on contemporary DevOps practices.

Data Technologies:

• The Product Manager role mentions the use of Metabase for reporting and metrics, indicating a focus on data analytics.

Sales and Go-to-Market Technologies:

• The Marketing Lead position mentions the use of novel data sources and a full-stack platform for underwriting, indicating a tech-driven approach to marketing and sales.

Collaboration and Project Management Tools:

• Slack: For team communication.
• G-Suite: For documentation and collaboration.
• Figma: For design work.
• Linear: For project and task management.

Overall, Shepherd Insurance appears to favor established technologies while also integrating innovative tools to enhance their operational efficiency and data-driven decision-making.