Builders Mutual To Return $2.8 Million To Policyholders
Posted: 03-21-2007 : RALEIGH, N.C.

RALEIGH, NC - Builders Mutual Insurance Company, a leading regional insurance provider to the home building industry, announced today that the company will distribute $2.8 million in dividends back to eligible workers' compensation policyholders in late spring as a result of lower than expected workers' compensation claims.

Since Builders Mutual was first founded in 1984, the company has returned a dividend to policyholders in 18 out of 22 years. To be eligible for a return, workers' compensation policyholders must have a favorable loss experience.

Through its WorkSafe program, Builders Mutual works side by side with builders and their staff to help them manage safety more effectively, with the goal of reducing the number of workers' compensation claims and decreasing company costs. WorkSafe provides builders with the opportunity to participate in OSHA-approved courses, specialized fall protection courses along with a certification program, risk management training, and a detailed documentation program that focuses on prevention management.

Builders Mutual also offers classes for policyholders, agents and employees through its popular Builders University program. "The cost of workplace injuries can be staggering, especially those involving medical and compensation payments, employee turnover and decreased productivity," said John Q. Beard, president and chief executive officer at Builders Mutual. "Anytime we can provide a return on investment to our policyholders indicates that our efforts have been effective at helping prevent workplace accidents and injuries."

Builders Mutual is rated A ("Excellent") by A.M. Best Company and is one of the largest writers of workers' compensation insurance in North Carolina. The company has close to 13,000 policyholders in North Carolina, South Carolina, Tennessee, and Virginia and employs nearly 150 out of its Raleigh headquarters. Builders Mutual is endorsed by the North Carolina Home Builders Association (NCHBA) and the Home Builders Association of Tennessee (HBAT). www.buildersmutual.com