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Feb 25 2020

Builders Mutual Distributes $2.6 Million Dividend to Policyholders

Jodi Vedelli

Raleigh, NC – Builders Mutual Insurance Company is distributing a $2.6 million dividend to eligible policyholders in Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and Washington, DC.

Builders Mutual has returned dividends totaling more than $60 million in 31 of the 35 years the Company has been in existence.  This year, Builders Mutual is proud to return a dividend to more than 10,800 eligible Workers’ Compensation policyholders.  Returning a dividend to our policyholders is one way we are able to recognize their focus on safety in the work place and the positive results of our company. 

“Builders Mutual is proud to consistently return a dividend to our policyholder who focus on job-site safety and make risk management a priority.  Our policyholders commitment to safety and our company’s financial stability make this dividend possible,” stated John Boggs, President/CEO of Builders Mutual.

Headquartered in North Carolina, Builders Mutual is one of the Mid-Atlantic and Southeast’s leading writers of commercial insurance for the construction industry. In 2019, the Company was named to the prestigious Ward's 50 group of top performing companies for its outstanding financial results in the areas of safety, consistency, and performance over a five year period (2014-2018) and is one of the top 50 Workers’ Compensation writers in the U.S.  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 25,000 policyholders through more than 5,000 sales agents and employs more than 360 staff at its Raleigh headquarters.

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