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Builders Mutual Forms Strategic Alliance with National Equipment Register

Wed May 12, 2010

Raleigh, N.C. — Builders Mutual Insurance Company (BMIC) has entered into a strategic alliance with National Equipment Register (NER) to provide a unique service to eligible policyholders.

Equipment theft is a growing and costly problem in the construction industry and has a direct impact on a company’s bottom line.  Through this joint endeavor, NER will add eligible BMIC policyholders’ heavy-equipment information (including descriptions and serial numbers) to their secure and confidential online registration.  The information is stored in a national database used by law enforcement officials to track down stolen equipment.  NER  also provides policyholders warning decals as a theft deterrent to display on registered equipment.

Builders Mutual is pleased to offer our customers this  risk management benefit and an extra layer of protection against job site theft.

“We believe this working relationship with NER will be mutually beneficial to our policyholders and company.  It provides a risk management resource for customers who want to take a proactive approach toward preventing job site equipment theft and provides security if a theft does occur,” stated Ron Adams, Director of Risk Management at Builders Mutual. 

Risk management is an integral part of the culture at Builders Mutual.  The business agreement with NER will deter theft, increase productivity, and furnish policyholders with another valuable risk management tool.

About Builders Mutual Insurance Company

Headquartered in Raleigh, N.C., Builders Mutual is one of the Southeast’s leading writers of commercial insurance for the residential and commercial construction industries and is rated A (“Excellent”) by A.M. Best Company.  Since its inception, Builders Mutual has broadened its territory beyond North Carolina to include the District of Columbia, Georgia, Maryland, Mississippi, South Carolina, Tennessee, and Virginia.  The company provides coverage to more than 14,000 policyholders through more than 3,000 sales agents and employs more than 160 staff at its Raleigh headquarters.

About NER
The National Equipment Register (NER), a division of ISO Crime Analytics, Inc., helps equipment owners manage equipment risks. Since 2001, NER has helped thousands of equipment owners and their insurers deter theft and has enabled law enforcement to recover millions of dollars of stolen equipment through HELPtech®, a national equipment marking and registration program. In 2009, NER launched IRONcheck®, a machine-history search for used-equipment buyers. NER’s data management skills and equipment expertise are also used by fleets to support compliance with new regulations. For more information, contact NER at 201-469-2030 or at info@nersua.comThis e-mail address is being protected from spam bots, you need JavaScript enabled to view it . You can visit the NER website at www.nerusa.com.

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