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SFM-The Work Comp Experts


Who we are
SFM Mutual Insurance Company is one of the leading workers’ compensation companies in the Midwest, serving employers of all sizes and retaining more than 96% of policyholders year after year. SFM is the largest carrier of workers’ compensation policies in the state of Minnesota, and is licensed to provide coverage in 34 states overall.

As a member-owned mutual insurance company, we’re committed to managing our business responsibly for the benefit of our policyholders. SFM has a Financial Strength Rating of “A- (Excellent)” from AM Best.

Focused on service
Our model is focused on excellence in all aspects of workers’ compensation through unrivaled service and communication, expertise in underwriting, loss prevention and claims, and a commitment to workplace safety. Our experienced staff consistently delivers the high level of service that policyholders and agents have come to expect from SFM.

In the community
SFM founded the SFM Foundation in 2008, to provide scholarships for students whose parents were disabled or fatally injured while working for Minnesota or Iowa employers. SFM Foundation is an affiliate of Kids’ Chance of America in Iowa and Minnesota, and is also known as Kids’ Chance of Iowa. If you know someone who could benefit from an SFM Foundation scholarship or to learn more about the cause, 

To learn more about SFM, visit or talk to a local independent agent.

President and CEO
Terry Miller


Company headquarters
Bloomington, Minnesota

AM Best rating
A- (excellent)

Company website

Mission statement
Inspiring safer workplaces
by protecting workers from harm 
and helping the injured recover.