Workers' Compensation Insurance Renewal Approved
Richfield Public School DistrictSchool · Richfield, MN- Disclosed value
- $465,131
- From agenda
- Document date
- Aug 18, 2025
- Term
- 2025-2026
The 30-second brief
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.
Sfm Insurance holds this insurance renewal contract with Richfield Public School District. Its other public contracts on record include work for Cedarburg School District and Sanborn Central School District 55-5.
Term as filed: 2025-2026.
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Contract details
- Contract type
- Insurance Renewal
- Amount
- $465,131
- Document date
- August 18, 2025
- Term
- 2025-2026
- Vendor
- Sfm Insurance
- Source document
- richfield-public-school-district-board-meeting-agenda-august-18-2025_236.pdf (Agenda)
Sfm Insurance's other public contracts
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Questions about this contract
Who was awarded the insurance renewal contract by Richfield Public School District?
Sfm Insurance was awarded this insurance renewal contract by Richfield Public School District, as recorded on August 18, 2025. The contract value is $465,131.
How much is the Sfm Insurance contract with Richfield Public School District worth?
The Sfm Insurance contract with Richfield Public School District is valued at $465,131, covering insurance renewal work.
What type of contract is this?
This is a Insurance Renewal contract, documented as a agenda record.
Where was this contract approved?
This contract appears in richfield-public-school-district-board-meeting-agenda-august-18-2025_236.pdf (Agenda), dated August 18, 2025 from Richfield Public School District. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Sfm Insurance hold?
Sfm Insurance may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Richfield Public School District currently buying?
Explore Richfield Public School District's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.