History
A company built on stability, longevity and commitment.
Builders Insurance Group was founded by a group of people who were perfectly suited to create better insurance for builders: A group of Georgia homebuilders.
They were looking for a way to combat the growing costs and shrinking availability of Workers' Compensation insurance for the homebuilding community. Builders Insurance Group is the result of their efforts.
By approaching things in a different way—looking at things from the builder's perspective—the company got off to a great start. The new fund grew rapidly, writing $15 million in Workers' Compensation premiums in the company's first full year.
Just five years later, the company was recognized as one of the largest writers of Workers' Compensation insurance in Georgia. Later that year, Builders Insurance Group paid its first member dividend totaling nearly $1 million.
Since then, the company has declared 13 consecutive dividends to policyholders totaling $42.7 million. We have also acquired two additional insuring entities, Association Insurance Company (AIC) and Vinings Insurance Company (VIC). Together, these companies have played a pivotal role in our rapid expansion into new states and product lines.
From its simple beginnings as a provider of a single product in a single state, Builders Insurance Group has grown into a provider of diverse insurance products to the construction and non-construction industry throughout the Southeast.
Today, we provide more than 12,000 policyholders with their Workers' Compensation, General Liability and Builders Risk insurance.
Builders Insurance Group Milestones
1992, 1993, 1996, 2002, 2003, 2004, 2005, 2006, 2007, 2008
- Our 13th consecutive dividend is declared in Georgia, bringing total amount paid to $42.7 million.
- Workers' Compensation and General Liability is launched in Pennsylvania.
- Online Monthly Self Reporting is expanded from Georgia to Florida, Pennsylvania, South Carolina, Tennessee and Virginia.
- eQuotes system for agents is consolidated and enhanced.
- Builders LITE is launched in Georgia, Florida, Tennessee and Virginia, offering Workers' Compensation and General Liability to light commercial contractors.
- Workers' Compensation for professional roofers is introduced in all states.
- Online Monthly Self Reporting is launched in Georgia and Virginia.
- Builders Insurance Group introduces General Liability product to the Florida market.
- Builders Insurance Group launches Builders Risk in Georgia; a new line of insurance to provide comprehensive coverage from loss, damage or theft of property while under construction.
- Builders Insurance Group marks $1 billion in direct written premium since the company's inception in 1992.
- Builders Insurance Group introduces Workers' Compensation and General Liability products to Tennessee.
- Builders Insurance Group introduces Workers' Compensation insurance to Florida and South Carolina.
- General Liability insurance introduced in South Carolina.
- Builders Insurance Group reaches $100 million in annual written premium.
- Builders Insurance Group introduces General Liability insurance to Georgia's residential general and trade contractors.
- Builders Insurance Group begins offering workers' compensation to non-construction businesses in Georgia.
- Builders Insurance Group converts from a self-insurers fund to a mutual captive company.
- Builders Insurance Group serves more than 1,400 policyholders and writes $15 million in annual premium.
- Founded as a self-insurers fund and endorsed by the Home Builders Association of Georgia (HBAG).
Contact Us | Privacy Policy | Site Map | © 2005-2009 Builders Insurance Group | P.O. Box 723099 Atlanta, GA 31139-0099 | Phone: 678.309.4000 or 800.883.9305
