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Feb 23 2022

Builders Mutual Distributes $3 Million Dividend to Policyholders

Lindsay Beavers
919-227-0296
lbeavers@bmico.com

Raleigh, NC – Builders Mutual Insurance Company is distributing a $3 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 nearly $70 million in 33 of the 37 years the Company has been in existence.  This year, Builders Mutual is proud to return a dividend to more than 12,200 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. 

“This dividend distribution is one way Builders Mutual is able to reward our policyholders who take the time to make safety a priority on their job-sites.  As the construction industry continues to thrive, they have maintained a strong focus on the safety of their teams.  That effort, coupled with our company’s financial strength, made this dividend possible,” stated Mike Gerber, 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.  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 28,000 policyholders through more than 5,000 sales agents and employs more than 400 staff at its Raleigh headquarters.

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