Builders Mutual Distributes $3.1 Million Dividend to Policyholders

Mick McDonald
mmcdonald@bmico.com

RALEIGH, N.C. (February 24, 2023) – Builders Mutual is distributing a $3.1 million dividend to eligible policyholders in Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and Washington, D.C.

Builders Mutual has returned dividends totaling more than $70 million in 34 of the 38 years the Company has been in existence. This year, Builders Mutual is proud to return a dividend to more than 12,700 eligible Workers’ Compensation policyholders. Returning a dividend to our policyholders is one way we are able to recognize their focus on safety in the workplace and the positive results of our company.

“Our dividend distribution is one important way Builders Mutual is able to reward our policyholders who make safety a priority on their job-sites,” said Mike Gerber, President/CEO of Builders Mutual. “Maintaining a focus on safety in a construction industry that continues to grow and thrive, along with our company’s financial strength, makes distributing this dividend possible.”

You can learn more about Builders Mutual here.

About 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.