Builders Mutual A.M. Best Rating Reaffirmed
Raleigh, NC – Builders Mutual Insurance Company is pleased to announce that our rating of A (Excellent) was reaffirmed by A.M. Best Company, the leading source for information on the financial condition and operating performance of insurance companies worldwide, for the 18th consecutive time on April 18, 2017. According to A.M. Best, “The ratings reflect the group's strong risk-adjusted capitalization, profitable operating performance and stable loss reserving trends driven by effective loss control practices and aggressive claims management. The ratings also reflect the group's local market expertise and affiliation with the North Carolina Home Builders Association, of which a majority of its members obtain workers' compensation coverage through Builders Mutual.”
“Builders Mutual continues to experience steady and profitable growth. This growth is not by chance, but is the result of our employees, agents and policyholders maintaining a common focus, vision and commitment to our company and to our insureds businesses,” states John Boggs, President and Chief Executive Officer. “The “A” rating from A.M. Best details the stability of our company and reinforces our dedication to provide a solid financial foundation and strong safety culture to our policyholders.” Builders Mutual is a leading carrier of insurance products for the construction industry in the Southeast and Mid-Atlantic. We take pride in providing a high level of service to our policyholders. From the office to the job-site, we are “At work with you.”
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 5,000 sales agents and employs nearly 300 staff at its Raleigh headquarters.