For the past three decades, Builders Mutual Insurance Co has been providing top-notch insurance services to construction companies and contractors across the United States. Their commitment to providing comprehensive insurance policies and excellent customer service has made them a trusted partner for the construction industry. Let’s explore more about Builders Mutual Insurance Co in detail.
History
Builders Mutual Insurance Co was founded in 1984 when the construction industry was facing a severe problem with the availability of insurance coverage. The team at Builders Mutual Insurance Co saw an opportunity to provide an insurance solution to construction companies so that they could continue working without worrying about the financial risk involved in their work. They started with only six employees and a handful of policyholders but have now grown to serve 20 states in the US with over 600 employees.
Builders Mutual Insurance Co has always been an insurance company that focuses solely on the construction industry. Their expertise in the field has allowed them to understand the unique risks that construction companies face and to customize insurance policies accordingly.
Insurance Policies
Builders Mutual Insurance Co offers a wide range of insurance policies that cater to the specific needs of their clients. Here are some of the insurance policies they provide:
Insurance Policy |
Description |
General Liability Insurance |
This policy covers damages caused by an accident on the job site or any bodily injury that occurs due to the construction activities. |
Workers Compensation Insurance |
This policy covers the medical expenses and lost wages of employees due to workplace injuries or illnesses. |
Builder’s Risk Insurance |
This policy covers property damage to a site during construction, including damage caused by heavy equipment, natural disasters, and theft. |
Commercial Auto Insurance |
This policy covers damages caused by vehicles used for construction work, including any injury or property damage caused by these vehicles. |
Surety Bonds |
This policy provides assurance to clients that construction companies will fulfill their contractual obligations, and if they fail to do so, the bond will pay for the damages. |
Why Choose Builders Mutual Insurance Co?
Here are some reasons why construction companies should choose Builders Mutual Insurance Co:
Expertise in the construction industry
Builders Mutual Insurance Co has extensive experience in the construction industry, which allows them to understand the unique risks that contractors face. They have developed insurance policies that cater to the specific needs of construction companies.
Excellent customer service
Builders Mutual Insurance Co has a team of knowledgeable and friendly customer service representatives who are always ready to help their clients. They are available 24/7 to answer any questions and provide support when needed.
Financial strength
Builders Mutual Insurance Co has consistently received high financial strength ratings, which indicates their financial stability and ability to pay claims. This gives their clients peace of mind, knowing that they are insured by a financially stable company.
Commitment to safety
Builders Mutual Insurance Co is committed to promoting safety in the construction industry. They provide various resources and training programs to their clients to help them create a safe work environment and prevent accidents and injuries.
FAQs
What states does Builders Mutual Insurance Co operate in?
Builders Mutual Insurance Co operates in 20 states, including North Carolina, South Carolina, Virginia, Maryland, Tennessee, Georgia, and more.
Can I get a quote online?
Yes, Builders Mutual Insurance Co provides online quotes for their insurance policies. You can visit their website and fill out a form to get a quote.
What types of construction companies does Builders Mutual Insurance Co insure?
Builders Mutual Insurance Co insures various types of construction companies, including residential, commercial, industrial, and artisan contractors.
What is Surety Bond?
Surety Bond is a contract between three parties: the principal (the contractor), the obligee (the project owner), and the surety (the insurer). The bond assures that the contractor will fulfill their contractual obligations, and if they fail to do so, the bond will pay for the damages.
How can I contact Builders Mutual Insurance Co?
You can contact Builders Mutual Insurance Co by phone, email, or through their website. Their customer service representatives are available 24/7 to answer your questions and provide support when needed.
Builders Mutual Insurance Co is a reliable and trusted partner for construction companies. Their commitment to providing customized insurance policies and excellent customer service has made them a favorite among contractors. If you are looking for insurance coverage for your construction company, consider Builders Mutual Insurance Co.
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