What are ACORD forms in insurance?
The one-page ACORD certificate of insurance summarizes essential information about your insurance policy, such as coverage types, policy numbers, insurance limits, and effective and expiration dates. As a small business owner, your clients may ask you to provide an ACORD certificate of insurance, or COI.
What are the different ACORD forms?
All Your Forms Available Digitally Through QQCatalyst. 25 – Certificate of Liability Insurance.27 – Evidence of Property Insurance.80 – Homeowner Application.90 – Personal Auto Application.125 – Commercial Insurance Application.126 – Commercial General Liability Section.127 – Business Auto Section.
Why do insurance companies use ACORD forms?
ACORD documents ensure standardization, meaning that businesses are getting the same document and the same information from their insurers, no matter what carrier sold them their coverage. ACORD COIs are also faster to validate, always up-to-date, and very quick to process.
What is an ACORD 126 form?
ACORD 126, Commercial General Liability Section, is a form of insurance designed to protect owners and operators of businesses from a wide variety of liability exposures.