Dear Broker,
Recently, we let you know about upcoming changes resulting from State Fund’s most recent rate filing to take effect on December 1st 2025. One of the changes includes updates to 16 construction class codes with dual classifications for high wages and low wages. With the new rate filing, minimum premium amounts for high-wage classifications in these industries will increase to match those of the corresponding low-wage classes.
We want to make sure you’re informed. To help prepare policyholders who will experience an increase at renewal, State Fund will be mailing them a notification about 90 days before their renewal date. Here's a copy of the letter they will receive in case they contact you.
State Fund recognizes that a minimum premium rate increase is not welcome news. Please know that they work diligently to provide the best possible prices for your clients. Their pricing must accurately reflect the unique risks of each class code, and as these risks change over time, their rates are reviewed and updated as necessary.
As your official State Fund Access Partner, we appreciate your partnership and look forward to continuing to help you do business with State Fund to serve your clients’ workers’ compensation coverage needs. If you have questions, reach out to Amwins’ Access at asfnewbusiness@amwins.com.
Thank you,
Your Amwins Access State Fund Team!
