SFM Mutual Insurance Company
Carrier website links, underwriting access points, mapped product lines, and appetite notes in one place.
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
SFM Mutual is a monoline workers’ compensation carrier. Current agent-facing guidance says it writes small, midsize, and large employers across a broad range of industries in 34 states, with a stated underwriting focus on employers that value safety, want a long-term carrier relationship, are interested in lowering long-term work comp costs, and can return injured employees to meaningful work. SFM highlights broad voluntary-market appetite plus customized options for larger employers, including large deductible and retention plans. The carrier specifically calls out strength in schools and health care and provides industry-specific loss prevention resources for those segments. SFM also markets an assigned-risk alternative through its SFM Safe rate set for employers previously in state assigned risk plans; this is currently noted as available in Minnesota, Iowa, Nebraska, South Dakota, Kansas, Indiana, and Tennessee. For Wisconsin, SFM publishes a separate flyer indicating appetite for select pool accounts with premium roughly $1,000-$25,000 and a targeted class-code approach. SFM’s official materials do not publish a clear general declined-risk list on the main appetite page; instead, they point agents to target/acceptable class code lists and instruct agents to contact their underwriter regarding other classes. Submission guidance is clear: fastest method is through SFM Agency Manager (SAM), with email submission also accepted. Required submission items are a completed ACORD app if not using SAM, currently valued 3-5 years of loss runs, an experience mod worksheet, and additional employer details. For quicker turnaround, agents should include accurate FEIN, legal entity name rather than DBA, employer website plus operations description, current and target premium, and loss details or 'None' if not applicable. Broker/producer notes: agents can manage quotes and book through SAM; questions route to the underwriter line at 800-937-1181; SFM has an agency partnership request page for independent agents and asks for agency website, main state, and whether the applicant is a retail agent. The partnership form explicitly lists core agency states as Indiana, Iowa, Kansas, Minnesota, Nebraska, South Dakota, Tennessee, and Wisconsin, which likely reflects key distribution geography rather than the full licensed coverage footprint.