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 published appetite indicates broad eligibility: it writes small, midsize, and large employers across a wide range of industries and states, with underwriting focused on employers that value safety, want a long-term carrier relationship, seek long-term cost reduction, and support meaningful return to work for injured employees. SFM highlights fast quoting and competitive pricing for small business, plus customized large-deductible and retention solutions for larger employers. It also notes special strength in schools and health care, and marketing materials show additional specialization resources for home care, agriculture, trucking in Wisconsin, and other targeted class-code lists by state. Geographic footprint published is 34 states: 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. SFM specifically promotes an SFM Safe rate set for employers that may otherwise have been in assigned risk plans, available in Minnesota, Iowa, Nebraska, South Dakota, Kansas, Indiana, and Tennessee. No formal published declined-class list was found on the verified public pages reviewed; instead, SFM states it writes employers of all types and sizes and provides state-specific target class code lists for what it is targeting versus classes it will consider, with other classes referred to the underwriter. Submission requirements published for agents are: completed ACORD application if not submitting through SAM, currently valued 3- to 5-year loss runs, experience mod worksheet, and additional employer details. For quicker turnaround, SFM asks agents to include FEIN, legal name rather than DBA, employer website and operations description, current and target premium, and loss information (or state 'None'). Preferred submission method is the SFM Agency Manager (SAM) portal; email submission to applications@sfmic.com is also accepted, and agents are directed to contact their underwriter at 800-937-1181 with questions. Broker/producer notes: use SAM for fastest handling; SFM maintains producer-facing resources including class-code target lists, digital-service guides, and submission tools. Overall operational takeaway: broad workers’ comp appetite with safety-centric underwriting, multi-state capability, assigned-risk takeout interest in selected states, and no verified public hard-decline list on the reviewed official pages.