NAMIC Presents the 11th Annual Award in Innovation
INDIANAPOLIS (June 24, 2024) – The National Association of Mutual Insurance Companies today presented its annual Award in Innovation, sponsored by Guy Carpenter, to Builders Mutual, headquartered in Raleigh, North Carolina. With the creation of the Job-Site Safety Institute, the company has taken successful steps forward in its mission to eliminate construction injuries and deaths.
“At Builders Mutual, we work each and every day to protect and advance the unique needs of the contractor community,” said Mike Gerber, CEO of Builders Mutual. “For ten years, the Job-Site Safety Institute has funded significant research and educational tools and resources that will play a critical role in the reduction of job-site injuries and fatalities. We are honored to receive this award from NAMIC and will continue to push for innovation in the industry to improve safety for anyone who steps foot on a jobsite.”
In Builders Mutual’s 40-year history, not a single year has gone by without at least one job-related death or one permanent injury claim. Knowing many of these fatalities and injuries could have been prevented with additional education and practical training, led to a greater passion for job-site safety, and a dream to bring job-site safety to the forefront of all job-site employers and workers regardless of location.
In presenting the overall award to Builders Mutual during NAMIC’s 2024 Management Conference, Neil Alldredge, NAMIC president and CEO, said, “Builders Mutual’s efforts to educate and train construction workers and employers show the company is deeply committed to what all NAMIC members value – improving the safety of policyholders.
“The Job-Site Safety Institute is the hallmark of innovation at Builders Mutual and demonstrates the difference it can make when insurers embrace and implement innovative processes, technologies, and critical thinking. Through its online education and research programs, the company reaches tens of thousands of construction workers every year to promote jobsite safety. I’m grateful for Builders Mutual’s continued ingenuity and commitment to education.”
Award in Innovation Judging Criteria
- Impact in perpetuating mutuality
- Creativity of idea
- Numbers and/or dollar impact – relative to size of insurer, i.e., biggest and best are not an influence
- Potential for the idea to be adapted and used by other NAMIC members
- Alignment with the NAMIC Management Conference focus areas: strategy, innovation, leadership, industry trends, and the economy
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About NAMIC: NAMIC membership reflects many of the country’s largest national insurers as well as regional and local mutual insurance companies on main streets across America. NAMIC members write $391 billion in annual premiums and account for 68 percent of homeowners, 56 percent of the automobile, and 31 percent of the business insurance markets.
About Builders Mutual: 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 29,000 policyholders through more than 7,000 sales agents and employs more than 450 staff at its Raleigh headquarters. Learn more at buildersmutual.com.
About JSI: Founded by Builders Mutual, the Job-Site Safety Institute (JSI) is a nonprofit 501(c)(3) organization. This research and educational organization is dedicated to eliminating all job-site related injuries and deaths in the construction industry. Research by JSI will play a critical role in improving on-the-job safety and saving lives. Learn more at jssafety.org.