Edina Public Schools School Board Work Session Agenda May 2026
District Plans Renewal with SFM for Workers’ Comp
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Description
Edina Public Schools plans to renew its workers’ compensation insurance with State Fund Mutual (SFM) for fiscal year 2027 at an annual premium of $500,694, reflecting a 3.85% decrease from the prior year. The administration intends to seek Board authorization for the Director of Finance & Operations to execute the renewal agreements and bind coverage.
Contract Details
Contract Amount
$500,694 (premium for FY 2027 workers’ compensation); gross decrease of 3.85% or $21,286 from $520,750
Vendor
STATE FUND MUTUAL SFM
Agency
Edina Public School District, MN
Contract Type
INSURANCE
Document Date
May 19, 2026
Contract Term
Fiscal Year 2027
Renewal Date
2027-06-30
Renewal Info
Renewal of workers’ compensation coverage with State Fund Mutual (SFM) for FY 2027 at a reduced net rate of $0.497, following the carrier switch from Dakota Truck Underwriters/RAS in FY 2026; future renewals will be based on updated rate proposals and claims experience.
More from Edina Public School District
Edina Public Schools Staff Report Property Insurance Renewal 2026-05-19
Edina Public Schools School Board Work Session Agenda May 2026
Edina Public Schools School Board Work Session Agenda May 2026
Edina Public Schools Staff Report Workers Compensation Renewal 2026-05-19
Edina Public Schools School Board Work Session Agenda May 2026
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