News

Return to the list of news releases.
May 1 2020

Builders Mutual Announces $1 Million Pledge to COVID-19 Relief

Jodi Vedelli
919-227-0295
jvedelli@bmico.com

Builders Mutual announced today that it is making a financial contribution to support communities, industry partners, healthcare providers and employees affected by COVID-19.  A pledge of $1 million dollars to support COVID-19 relief in the states that fall in its corporate footprint will be made to support both immediate and longer term needs. 

Builders Mutual cares about our community and industry partners

The insurance company is donating $250,000 to a variety of organizations that support feeding families, blood banks, healthcare workers, and healthcare and vaccine research.  These organizations include:

  • Feed More
  • Food Bank of Central and Eastern NC
  • Harvest Hope Food Bank
  • Hospitality Helping Hands
  • Johns Hopkins Medicine Covid-19 Response
  • Maryland Food Bank
  • Mission Lexington
  • Mississippi Blood Services
  • Red Cross of Virginia
  • Second Harvest Food Bank of Central Florida
  • Second Harvest Food Bank of East Tennessee
  • United Way Help NC Covid-19 Fund
  • United Way of Greater Nashville
  • University of Mississippi Medical Center

More funds will be provided in a phased approach as needs are determined by our construction communities and industry partners.

Builders Mutual cares about our team

Many of our employees are dealing with financial hardships related to COVID-19.  Builders Mutual is immediately pledging $250,000 to our employee Emergency Relief Fund.  This fund has been established to provide relief from the financial impact of government mandated stay-at-home orders or the direct impact of COVID-19.  

Builders Mutual cares about our customers

In addition to the $1 million monetary donation to COVID-19 relief, Builders Mutual has worked to actively accommodate our customers during this crisis.  All nonsufficient funds fees are being waived and cancellations for non-payment of premium and audit have been suspended through May 31, 2020.  The company has also altered the way external functions, including face-to-face audits and safety surveys, are completed to comply with social distancing requirements and provide a safer environment for customers and employees. 

“Builders Mutual is proud to make this $1 million pledge to the communities that we serve.  We intentionally selected organizations that can quickly do the most good for the most people in the locations where they operate,” states John Boggs, President/CEO.  “Safety is always a top priority at Builders Mutual and we are doing everything we can to keep our employees and customers as safe as possible at this time.  Our goal is to help those that are in need now and in the year to come so we can lift up and support our industry, community, customers and employees,” Boggs continued.

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 26,000 policyholders through more than 5,000 sales agents and employs more than 370 staff at its Raleigh headquarters.

Return to the list of news releases.

800-809-4859 Call us for more information