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
Line of business & model: - Mono-line workers compensation carrier only; branded as “SFM – The Work Comp Experts.” Focused on employers of all sizes, from small business to large accounts, plus third‑party administration via SFM Risk Solutions.([globenewswire.com](https://www.globenewswire.com/news-release/2022/06/30/2472165/0/en/SFM-Mutual-Insurance-Company-Connects-to-Ivans-Distribution-Platform.html?utm_source=openai)) Geographic appetite: - Core marketing and agency territory called out in partner and association materials: Minnesota, Wisconsin, Iowa, Nebraska, South Dakota, Kansas, and Indiana, with coverage available in additional states for multistate operations.([globenewswire.com](https://www.globenewswire.com/news-release/2022/06/30/2472165/0/en/SFM-Mutual-Insurance-Company-Connects-to-Ivans-Distribution-Platform.html?utm_source=openai)) - SFM also participates in certain state assigned risk / pool programs (e.g., Wisconsin Workers’ Compensation Insurance Pool) and can assist employers unable to obtain voluntary coverage.([sfmic.com](https://www.sfmic.com/state-programs/?utm_source=openai)) Preferred and target business characteristics: - Broad workers comp appetite described to agents as “welcoming all types and sizes of employers,” supported by specific prospect pieces for: health care, schools (MN plus IA/WI/KS/NE/SD), large employers, trucking operations (notably Wisconsin), and small businesses. These indicate active appetite for those sectors when otherwise underwritten acceptably.([sfmic.com](https://www.sfmic.com/agents/agent-marketing-materials/)) - Emphasis on long‑term relationships, workplace safety, loss prevention, and proactive claims management; marketing to agents stresses value for employers that engage in safety programs and use SFM’s digital and loss‑prevention services. Risks with management commitment to safety, willingness to use injury hotlines, return‑to‑work programs, and digital tools are implicitly preferred.([sfmic.com](https://www.sfmic.com/agents/agent-marketing-materials/)) Classes with additional scrutiny / supplemental information: - Supplemental questionnaires required by class or complexity for: Allied Health, Contractors, Farms, Home Health, Schools, and Trucking. These sectors are within appetite but are underwritten using class‑specific questionnaires, suggesting closer review of operations, safety controls, and exposure details before quoting or binding.([sfmic.com](https://www.sfmic.com/agents/agent-marketing-materials/)) - SFM also provides “Did you know” sheets on alternative employer endorsements, ownership changes, audit non‑compliance charges, other states coverage, waivers of subrogation, etc., signaling underwriting attention to ownership structure, multistate exposure, and endorsement terms.([sfmic.com](https://www.sfmic.com/agents/agent-marketing-materials/)) Restricted / higher‑risk placement notes: - For employers unable to qualify for voluntary coverage (e.g., due to loss experience, hazard profile, or other underwriting concerns), SFM directs business to state workers’ comp pools/funds and specifically writes in the Wisconsin Workers’ Compensation Insurance Pool. These programs are positioned as options for higher‑risk or distressed accounts that do not fit voluntary guidelines.([sfmic.com](https://www.sfmic.com/state-programs/?utm_source=openai)) - No explicit public list of absolutely declined classes on the open site; however, use of assigned risk and pool programs, plus class‑specific supplements, implies that high‑hazard operations without adequate safety controls or unacceptable loss histories may be redirected to residual markets. Submission & underwriting requirements (operational): - New business is distributed primarily through independent agents and brokers. SFM has connected to the Ivans Distribution Platform to accept commercial submissions and quotes through agents’ comparative raters and workflows, supporting both straight‑through processing for simpler risks and underwriter review for more complex accounts.([globenewswire.com](https://www.globenewswire.com/news-release/2022/06/30/2472165/0/en/SFM-Mutual-Insurance-Company-Connects-to-Ivans-Distribution-Platform.html?utm_source=openai)) - Agent marketing portal includes: - “Our underwriting: Welcoming all types and sizes of employers” – a carrier‑facing prospect/underwriting overview with a “hit list” of recent successful accounts by class/size for agent targeting.([sfmic.com](https://www.sfmic.com/agents/agent-marketing-materials/)) - State coverage map resource listing where SFM will write primary coverage and where it can extend to out‑of‑state operations. - Supplemental questionnaires by industry (Allied Health, Contractors, Farm, Home Health, Schools, Trucking) accessible through the secure agent application portal, indicating they are required with submissions for those classes. - Standard workers comp submission data is expected (per agent resources and supplements): fully completed ACORD 130, detailed description of operations, applicable supplemental questionnaire(s), and current experience mod / loss runs for established accounts. (This is consistent with SFM’s class‑specific supplement structure and Ivans integration, though the exact checklist is housed behind the agent login.)([sfmic.com](https://www.sfmic.com/agents/agent-marketing-materials/)) Broker / producer instructions & working with SFM: - Distribution is via independent agencies; SFM positions itself as a specialist partner for agents and encourages them to “introduce us to the best employers” for workers comp, reflecting a focus on quality submissions and accounts that fit long‑term, safety‑oriented profiles.([sfmic.com](https://www.sfmic.com/agents/agent-marketing-materials/)) - Agent resources emphasize using SFM marketing sheets with employers, leveraging SFM’s mono‑line expertise, and highlighting safety and claims services as differentiators in presentations. - Agents are directed to use the SFM Agent (SAM) portal or Ivans‑enabled systems for quoting and submission, and to access supplemental questionnaires and digital‑services training materials for their clients.([sfmic.com](https://www.sfmic.com/agents/agent-marketing-materials/)) Practical placement notes for underwriters/brokers: - Strong appetite for: - Health care, schools (MN and select surrounding states), trucking (WI focus), farms, contractors, and small to large commercial employers that value safety. - Accounts in MN, WI, IA, NE, SD, KS, IN plus eligible multistate operations. - Expect supplements for higher‑hazard or more complex sectors (contractors, trucking, farms, health care/home health, schools) and ensure these forms plus detailed operations narratives accompany submissions. - For distressed, high‑loss, or otherwise non‑standard risks that may not qualify for voluntary SFM placement, coordinate with SFM on residual/assigned‑risk options, particularly in Wisconsin and other states where SFM participates in pool programs.