Builders Mutual Distributes $1.75 Million Dividend to Policyholders
Raleigh, NC – Builders Mutual Insurance Company is distributing a $1.75 million dividend to eligible policyholders in Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Virginia, Tennessee, and Washington, DC.
Builders Mutual has returned dividends totaling more than $50 million in 28 of the 32 years of the Company’s existence. This year, Builders Mutual is proud to return a dividend to nearly 10,300 eligible workers’ compensation policyholders. We continue to provide financial stability to our policyholders and this dividend return is one way to recognize the strong results of our policyholders and our company.
“Builders Mutual is able to consistently return a dividend due to our policyholders focus on jobsite safety practices and our continued financial stability as a company,” stated John Boggs, President/CEO. “Through strategic planning, measured growth and a strong focus on the risk management practices of our policyholders, this year, Builders Mutual is returning the largest total dividend since 2010.”
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 21,000 policyholders through more than 4,000 sales agents and employs nearly 300 staff at its Raleigh headquarters.