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Feb 25 2021

Builders Mutual Distributes $2.7 Million Dividend to Policyholders

Jodi Vedelli

Raleigh, NC – Builders Mutual Insurance Company is distributing a $2.7 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 $66 million in 32 of the 36 years the Company has been in existence.  This year, Builders Mutual is proud to return a dividend to more than 11,200 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 return a dividend to our policyholders who have continued to work and provide services as an essential industry during this pandemic.  Their focus on job-site safety and risk management in conjunction with our company’s financial strength have 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 2020, 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 (2015-2019) 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 27,000 policyholders through more than 5,000 sales agents and employs more than 370 staff at its Raleigh headquarters.

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