Civic IQ
Insurance Renewal

richfield-public-school-district-board-meeting-agenda-august-18-2025_236.pdf

Workers' Compensation Insurance Renewal Approved

$465,131Richfield Public School DistrictSFM INSURANCEAugust 18, 2025

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Description

Richfield Public Schools is renewing its workers' compensation insurance with SFM Insurance for 2025-2026, projecting a total cost of $465,131. This reflects a decrease of $12,156 (2.55%) from the previous year. The cost includes projected payroll increases, a 3.8% decrease in the experience modification rate (to 1.25), changes in premium rates, and an increased scheduled credit.

Contract Details

Contract Amount

$465,131

Vendor

SFM INSURANCE

Agency

Richfield Public School District, MN

Contract Type

Insurance Renewal

Document Date

August 18, 2025

Contract Term

2025-2026

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