SFM Mutual Insurance Company
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This appetite summary is only a guide. Confirm eligibility, submission requirements, restrictions, and binding authority directly with the carrier or underwriter before relying on it.
Carrier appetite summary
Monoline workers’ compensation carrier. SFM states it writes employers of all sizes across a broad range of industries and looks for insureds that care about safety, want a long-term partnership, focus on long-term cost reduction, and are prepared to return injured employees to meaningful work while they heal. It highlights strong fit for small business through fast quoting and competitive pricing, and for larger accounts through customized large-deductible and retention plans. The carrier also calls out specialization in schools and health care, with dedicated loss-prevention resources for those segments. Geographic appetite is limited to the 34 states where SFM is licensed: Alabama, Alaska, Arizona, Colorado, Connecticut, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Carolina, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Wisconsin, and Wyoming. Assigned-risk-oriented business may be considered through the SFM Safe rate set, specifically noted for Minnesota, Iowa, Nebraska, South Dakota, Kansas, Indiana, and Tennessee, and SFM says this also allows it to write additional classes of business. No formal class-by-class decline list or explicit restricted classes were verified on the official pages reviewed; instead, underwriting emphasis is on operational controls, safety commitment, and complete submission data. Submission guidance: preferred method is SFM Agency Manager (SAM); email submission is also available at applications@sfmic.com. Required materials are completed ACORD 130 if not submitting through SAM, currently valued 3- to 5-year loss runs, experience mod worksheet, and additional employer details. For quicker response, SFM asks producers to include accurate FEIN, legal name rather than DBA, employer website and operations description, current and target premium, and loss information or 'None' if not applicable. Broker/producer notes: SAM is the fastest quoting method and is used to manage the book; rates are available in SAM or from the underwriter. SFM notes email is an alternative submission channel and directs agents with questions to their underwriter at 800-937-1181. The agent FAQ also notes wage reporting/pay-as-you-go may be available for policyholders with at least $1,000 in premium, with possible collateral requirements depending on circumstances.