Builders Mutual Insurance Company (North Carolina): Contacts, Products, Financials, Claims, Reviews, Benefits and More

Builders Mutual is committed to giving customers excellent customer service. The company’s claims team is here 24/7 to help customers with their claims.

Builders Mutual also provides online tools and resources to help customers manage their policies and file claims.

Builders Mutual Insurance Company (North Carolina)
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Builders Mutual Insurance Company (North Carolina)

It is a regional property and casualty insurance company that covers the construction industry.

It’s based in Raleigh, North Carolina, and serves the Mid-Atlantic and Southeast regions.

The North Carolina Home Builders Association (NCHBA) founded Builders Mutual in 1983 to offer affordable and specialized insurance to its members.

Over time, the company has become one of the top providers of construction insurance in the area.

Contact Details

Location Address Phone Hours
Corporate Headquarters 5580 Centerview Dr. 919-845-1976
Raleigh, NC 27606
Customer Contact Center 800-809-4859 Monday-Friday, 8am-6pm ET
Report a Claim 800-809-4862

Builders Mutual Insurance Company (North Carolina) Services and Products

BMIC offers a wide range of insurance products and services to the construction industry, including:

Financial Details

BMIC is a financially strong company with an AM Best rating of A+ (Superior).

As of December 31, 2022, BMIC had total assets of $2.5 billion, surplus of $1.2 billion, and net written premiums of $1.1 billion.

Builders Mutual Insurance Company (North Carolina)

Claims Process, Cancellations and Renewals

To file a claim with BMIC, you have two options: call the claims hotline at 800-809-4862 or submit a claim online. After you do that, a BMIC claims adjuster will take care of your claim.

They’ll assess the damage and make sure your claim is settled swiftly and fairly.

Does Builders Mutual Insurance Company (North Carolina) cancel policies?

Builders Mutual can cancel your policy for these reasons:

  1. Not paying your premium.
  2. Committing fraud or providing false information.
  3. Making significant changes to your risk profile without telling Builders Mutual.
  4. Not following your policy’s terms.

If your policy gets canceled, you’ll get a written notice explaining why. You might have the chance to appeal, but you must do it within the time mentioned in the notice.

When your policy is about to expire, Builders Mutual will send a renewal notice 30–60 days before.

This notice will tell you about your current policy, the new premium, and any changes in coverage.


To renew, you must pay your premium on time. If you miss the deadline, your policy ends. There might be a grace period, but you’ll have to pay a late fee.

Affiliates and Partnerships

BMIC is a member of the following organizations:

Customer Reviews

BMIC has a positive reputation in the construction industry. Policyholders generally report that BMIC is responsive to claims and offers competitive rates.

Benefits of Purchasing Builders Mutual Insurance Company (North Carolina)

  1. Competitive Rates: Builders Mutual is known for offering competitive rates on construction insurance, helping you save on your insurance costs.
  2. Specialized Coverage: Builders Mutual provides a wide range of specialized construction insurance options, including builders risk insurance, commercial auto insurance, and professional liability insurance, tailored to meet your specific needs.
  3. Risk Management Services: Builders Mutual offers various risk management services, assisting you in minimizing accidents and losses, thus reducing your overall risk.
  4. Excellent Customer Service: Builders Mutual is dedicated to delivering exceptional customer service. Their claims team is available around the clock to help with your claims, ensuring prompt assistance.
  5. Financial Stability: Builders Mutual maintains a strong financial position, ensuring they can meet their claims obligations and providing you with peace of mind.

Builders Mutual offers specific benefits to its policyholders, such as:

These benefits have made a real difference for Builders Mutual’s policyholders:

  • One policyholder saved 15% on their builders risk insurance premium through participation in the risk management program.
  • Another policyholder experienced a swift claim process, with their claim paid out within just 24 hours of filing.
  • A third policyholder obtained a discount on their commercial auto insurance premium by using Builders Mutual’s preferred vendors.

Frequently Asked Questions (FAQs)

What types of businesses does BMIC insure?

BMIC insures a wide range of businesses in the construction industry, including general contractors, subcontractors, tradesmen, and suppliers.

How do I get a quote from BMIC?

You can get a quote from BMIC by calling the customer contact center or by contacting a BMIC agent.

How do I become a BMIC policyholder?

To become a BMIC policyholder, you can contact a BMIC agent or apply online.

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