INSURANCEPENDING

Edina Public Schools Staff Report Workers Compensation Renewal 2026-05-19

District reviews SFM workers’ compensation renewal

$500,694 (premium for FY 2027), gross decrease of 3.85% or $21,286 from $520,750Edina Public School DistrictSTATE FUND MUTUAL (SFM)May 19, 2026

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Description

Edina Public Schools is considering renewal of its workers’ compensation insurance with State Fund Mutual (SFM) for fiscal year 2027 at a premium of $500,694, a 3.85% decrease from the prior year. The administration plans to seek Board authorization for the Director of Finance & Operations to execute agreements and bind coverage.

Contract Details

Contract Amount

$500,694 (premium for FY 2027), 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 Info

Proposed renewal of workers’ compensation insurance with State Fund Mutual (SFM) for FY 2027 at a reduced premium and lower net rate compared to FY 2026; Board authorization to execute renewal agreements is anticipated but not yet granted as of this discussion item.