ACORD 125
Commercial insurance application
The ACORD 125 is the core application in a US commercial insurance submission. It identifies the applicant, the agency, and the insurer, and it says which line-of-business sections come with it, such as the ACORD 126 for general liability or the ACORD 140 for property.
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What the ACORD 125 asks
- 01
Agency, insurer, and policy
The producer, the insurer and its NAIC code, the transaction type (quote, bind, issue, or change), the proposed effective and expiration dates, and the billing and payment plan.
- 02
Lines of business
The coverages requested and the sections attached for each. Underwriters check that every line ticked here has its section in the submission.
- 03
Applicant
The legal name, mailing address, entity type, FEIN, SIC or NAICS code, website, and the contacts for accounting, inspections, and claims.
- 04
Premises
Each location with its address, whether the applicant owns or rents it, employee counts, annual revenue, and floor areas. Location numbers here are the ones every other section refers to.
- 05
Nature of business
The type of business, the date it started, and a description of its operations. This is where an underwriter first decides whether the risk fits their appetite.
- 06
General information
Yes or no questions about subsidiaries, safety programs, hazardous materials, cover that was declined or cancelled, bankruptcies, judgments or liens, and foreign operations. Every yes needs an explanation.
- 07
Prior carriers and loss history
Previous insurers with their policy numbers and premiums, and every claim or loss for the years the form asks about, or a clear statement that there were none. Underwriters compare this part with the loss runs.
- 08
Signatures
The applicant and the producer sign and date the application. Most insurers will not bind cover on an unsigned application.
Gaps underwriters chase most
- The applicant signature or its date is missing.
- A line of business is ticked, but its section is not attached.
- A general information question is answered yes with no explanation.
- The loss history is left blank where it should say none.
- Revenue or employee counts differ from the financial statements or another section.
- The FEIN or the SIC or NAICS code is missing.
The check above finds blank fields and unsigned signatures. The rest of this list needs someone, or something, to read the documents side by side.
Get the whole submission ready for underwriting.
The application says 32 employees at one site. The loss run shows a claim at a second site. Klarefi reads the application, the loss runs, and the statement of values together, asks the broker about the second site in a chat, and adds the answer to the case file.
Free to start. EU data residency by default.
- 01
Send brokers one intake link
Brokers upload the application, loss runs, and statement of values, from any device.
- 02
Klarefi checks each submission
It reads every document, compares the facts, and asks the broker in a chat for anything missing or unclear.
- 03
Underwriters review a case file
Every fact links to the page it came from. Anything still open stays visible for review.
ACORD is a registered trademark of ACORD Corporation. Klarefi is not affiliated with ACORD. This page describes the form in our own words; get the official form from ACORD, your agency management system, or the insurer.