Builders Mutual - Where Builders Come First

Corporate Background Information

Company Overview

Headquartered in Raleigh, NC, Builders Mutual Insurance Company is one of the Southeast’s leading writers of commercial insurance for the residential construction industry. Founded in 1984 as the North Carolina Home Builders Self Insurers Fund, Inc., the company grew out of the North Carolina Home Builders Association to provide workers' compensation to eligible members. In January 1998, it changed its name to Builders Mutual Insurance Company and quickly grew to become the leading writer of workers’ compensation policies in North Carolina. In doing so, it also became the first self-insured fund in North Carolina to convert to a mutual insurance company. Builders Mutual employs nearly 150 staff in its Raleigh, NC headquarters.

As a leading authority on workplace safety in the residential construction industry, Builders Mutual is well known for its popular WorkSafe and Builders University programs that help homebuilders prevent workplace accidents and injuries. The company also offers extensive, state-of-the-art risk management services that include in-house teams of claims specialists, auditing and loss control staff. Builders Mutual is closely aligned with homebuilding associations in the states it does business and is endorsed by the North Carolina Home Builders Association (NCHBA) and Home Builders Association of Tennessee (HBAT). Builders Mutual consistently maintains a rating of A (“Excellent”) by A.M. Best Company, a leading global provider of ratings, news and financial data for the insurance industry.

Since its inception, Builders Mutual has broadened its territory beyond North Carolina to also include Virginia, Tennessee, and South Carolina, where it provides coverage to 13,000 policyholders through more than 3,500 sales agents in its coverage area. As a mutual insurance company, policyholders with a favorable loss experience can participate in the distribution of the company’s net assets or dividends. During the company’s history, Builders Mutual has returned nearly $36 million in dividends to policyholders in 19 out of 22 eligible years.

Company Offerings

With its roots in the home building industry, Builders Mutual understands the unique needs of home builders, which enables the company to provide comprehensive protection along with an optimal level of customer service. Its product lines expand beyond workers’ compensation to include a complete line of property and casualty insurance products, such as: