SFM Companies
SFM Companies specializes in workers' compensation insurance and provides a range of tools and resources for policyholders, agents, and medical providers. The company serves over 30,000 policyholders and has a customer retention rate of over 96%.
Services
SFM Companies specializes in workers' compensation insurance and offers a variety of tools for policyholders. These include reporting work injuries, paying bills, viewing resource catalogs, completing premium audits, finding agents, getting quotes, downloading certificates, and attending webinars. Their platform, CompOnline, allows for managing claims and accessing real-time workers' comp data. SFM Companies also provides secure login access for agents, policyholders, injured workers, and medical providers.
History
SFM Companies began as a member-owned mutual company in 1983. The company paid off its start-up capital loan from the State of Minnesota 16 years early. Since its inception, SFM has expanded its operations by establishing subsidiaries such as SFM Risk Solutions, CompRehab Inc., and Lynn, Scharfenberg & Hollick. SFM serves more than 30,000 policyholders and has a customer retention rate exceeding 96%.
Financial Strength
SFM Companies maintains a Financial Strength Rating of A- (Excellent) as reaffirmed by AM Best. This rating indicates the company's stability and capability to meet its financial commitments. The firm provides coverage for employers in the Wisconsin Worker’s Compensation Insurance Pool and manages claims for self-insured employers through SFM Risk Solutions.
Educational Resources
SFM Companies offers a variety of educational resources to policyholders and agents. This includes webinars on workers' compensation topics and a comprehensive resource catalog with free materials. The company provides extensive resources for workplace safety and injury prevention, tailored to various industries like agriculture, construction, custodial/maintenance, food service, healthcare, manufacturing/warehouse, office, schools, and trucking.
Community Involvement
SFM Companies is involved in community support through the SFM Foundation, which provides higher education scholarships to students whose parents were killed or seriously injured at work. Their mission is to inspire safer workplaces by protecting workers from harm and aiding in the recovery of injured individuals.