Builders Mutual Distributes $2.1 Million Dividend to Policyholders
Raleigh, NC – Builders Mutual Insurance Company is distributing a $2.1 million dividend to eligible policyholders in Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Virginia, Tennessee, and Washington, DC.
Builders Mutual has returned dividends totaling more than $50 million in 29 of the 33 years the Company has been in existence. This year, Builders Mutual is proud to return a dividend to more than 9,500 eligible workers’ compensation policyholders. Returning a dividend to our policyholders is one way we are able to recognize both their focus on safety in the work place and the positive results of our company.
“Builders Mutual is able to consistently return a dividend due to the importance our policyholders place on job-site safety and risk management practices and our continued financial stability as a company,” stated John Boggs, President/CEO. “This dividend return is the largest total dividend since 2008.”
Headquartered in North Carolina, Builders Mutual is one of the Mid-Atlantic and Southeast’s leading writers of commercial insurance for the construction industry. Since its inception, Builders Mutual has broadened its territory beyond North Carolina to include the District of Columbia, Florida, Georgia, Maryland, Mississippi, South Carolina, Tennessee, and Virginia. The company provides coverage to more than 21,000 policyholders through more than 5,000 sales agents and employs more than 300 staff at its Raleigh headquarters.