Numerous offshore wave energy converter (WEC) designs have been invented; however, none has achieved full commercialization so far. The primary obstacle impeding WEC commercialization is the elevated levelized cost of energy (LCOE). Consequently, there exists a pressing need to innovate and swiftly diminish the LCOE. A critical challenge faced by WECs is their susceptibility to extreme wave loads during storms. Promising concepts must demonstrate robust design features to ensure resilience in adverse conditions, while maintaining efficiency in harnessing power under normal sea states. It is anticipated that the initial commercial endeavors will concentrate on near-shore WEC technologies due to the cost advantages associated with proximity to the coastline, facilitating more affordable power transmission and maintenance. In response, this manuscript proposes a pioneering near-shore WEC concept designed with a survivability mode that is engineered to mitigate wave loads during severe sea conditions. Moreover, prior investigations have highlighted favorable resonance properties of this novel concept, enhancing wave power extraction during recurrent energetic sea states. This study employs numerical and physical modelling techniques to evaluate wave loads on the proposed WEC. The results indicate a remarkable 65% reduction in wave loads on the moving floater of the WEC during a range of sea states under the implemented survivability mode.