State Fund of MN
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 is a monoline workers’ compensation carrier. Current agent-facing guidance indicates a broad appetite for workers’ comp business, describing its book as including employers of all sizes and business types, with coverage offered throughout the Midwest and in 34 states. The carrier emphasizes workers’ compensation specialization, relationship underwriting, and online quote/bind capability through its SFM Agency Manager (SAM) portal. No formal public class-by-class appetite grid or explicit declined-class list was verified on the official site. Geographic notes publicly shown: SFM states it serves clients in 34 states, and agent FAQ/payment references specifically mention Minnesota, Wisconsin, Iowa, Nebraska, South Dakota, Kansas, Indiana and Tennessee; Wisconsin pool business has separate billing instructions. Submission requirements published for agents: completed ACORD 130 if not submitted through SAM, currently valued 3- to 5-year loss runs, experience mod worksheet, and additional employer details. For faster turnaround, SFM asks agents to include accurate FEIN, legal entity name rather than DBA, employer website, clear description of operations, current and target premium, and loss information (or state 'None'). Submission options: SAM is the preferred/fastest channel; applications may also be emailed to applications@sfmic.com, and underwriter questions go to 800-937-1181. Broker/producer notes: agents can quote, bind, preview pricing, manage policies, view claims/loss reports, and issue certificates through SAM; SFM also supports direct-to-insured quoting via its public quote page and agent referral tool. Because no official public appetite/underwriting bulletin with restricted or declined classes was found, any class-specific eligibility, hazard restrictions, or state availability should be confirmed directly with SFM underwriting before marketing difficult or unusual risks.