Insurance Glossary for Brokers

A contractual requirement that the insurer provide at least 30 days written notice before canceling a policy, often required by certificate holders.

A standard CGL exclusion that broadly bars coverage for bodily injury or property damage arising from the discharge, dispersal, or release of pollutants.

Insurance covering allegations of sexual abuse, molestation, or harassment by an insured organization's staff or volunteers.

A submission that meets a carrier's underwriting criteria and can be offered coverage at standard or preferred rates.

A standardized form providing proof that specific insurance coverage is in force for a named insured.

An agency professional who manages the day-to-day service needs of assigned commercial accounts including renewals and endorsements.

The practice of cross-selling additional lines of coverage to existing clients to increase per-account premium and retention.

Inland marine coverage that reimburses the insured for amounts owed by customers that cannot be collected because records were destroyed.

Coverage for the inability to collect outstanding debts because records were damaged or destroyed by a covered peril.

A standard ACORD form used to report general liability, auto, and umbrella claims to carriers.

A standard ACORD form used to provide additional information that does not fit on the primary application or certificate forms.

The primary general information ACORD application form used as the cover page for nearly all commercial lines submissions.

The ACORD supplement form that captures detailed general liability information for commercial insurance applications.

Additional schedule pages attached to the ACORD 126 for accounts with multiple locations or complex liability exposures.

A standard ACORD form listing all drivers covered under a commercial auto policy with their license and demographic information.

An ACORD supplement form used to report workers compensation claims with injury and employee details.

The ACORD supplement form used to capture detailed workers compensation exposure and classification data for insurance applications.

An ACORD supplemental form for garage liability and garagekeepers insurance applications.

An ACORD supplemental form capturing construction-specific information for contractor insurance applications.

The ACORD supplement form used to capture commercial automobile insurance application data including fleet and driver information.

The ACORD supplement form that captures detailed commercial property information including building construction, occupancy, and values.

The ACORD supplement form specifically for inland marine insurance applications covering specialized property risks.

The ACORD supplement form for inland marine and ocean marine insurance applications.

The ACORD supplement form used to capture umbrella and excess liability insurance application details.

The ACORD application supplement specifically designed for cyber liability insurance submissions.

The ACORD form for auto dealer insurance applications covering franchise, independent, and specialty vehicle dealers.

The ACORD application supplement for commercial crime insurance covering employee dishonesty, forgery, and theft risks.

The ACORD application form for Employment Practices Liability Insurance submissions.

The ACORD application form for Directors and Officers liability insurance submissions.

The ACORD form used for professional liability and errors and omissions insurance applications.

The ACORD application form for aviation insurance covering aircraft hull, liability, and related aviation risks.

The ACORD form for environmental impairment and pollution liability insurance applications.

ACORD forms in the 200 series designed for international insurance placements including foreign commercial and marine risks.

A standard ACORD form used to list and describe vehicles covered under a commercial auto policy.

A standard ACORD form used to report property losses to carriers, documenting the details of the claim event.

The standard certificate of liability insurance form used across the US insurance industry to evidence general liability, auto, umbrella, and excess coverage.

The standard evidence of property insurance form used primarily for homeowners and dwelling policies to verify coverage for lenders and mortgagees.

The standard evidence of commercial property insurance form used to verify property coverage details for lenders, landlords, and other interested parties.

A supplemental ACORD form that captures additional general liability information for complex commercial risks.

An ACORD supplement providing detailed underlying policy information for excess and umbrella liability submissions.

A standard ACORD form used by brokers to request policy cancellation from a carrier on behalf of the insured.

A standard ACORD form used to request reinstatement of a previously cancelled insurance policy.

An ACORD form used to formally release a policy from one broker's book and transfer it to another.

A standard ACORD form used to request evidence of commercial property insurance from a broker, typically by a mortgagee or lender.

A supplemental ACORD form used to provide detailed property exposure information for commercial insurance submissions.

A multi-purpose ACORD application form used for commercial property and inland marine submissions.

An ACORD form used to document an insured's loss history across multiple years and coverage lines for submission to carriers.

A supplemental ACORD form for commercial crime insurance applications capturing employee theft, forgery, and fraud exposures.

The standard ACORD application form for surety bond requests covering contract, commercial, and court surety bonds.

An ACORD form specifically designed for commercial surety bond applications, covering license, permit, and miscellaneous bond types.

A standard ACORD form used to request mid-term policy changes, endorsements, or modifications from a carrier.

A supplemental ACORD form used to describe inland marine exposures including equipment, tools, and goods in transit.

A supplemental ACORD form for aviation insurance applications detailing aircraft, pilots, and operational information.

The standard form used to provide insurance companies and producers with a consolidated summary of all coverages for a commercial account.

The standardized ACORD form used to document temporary insurance coverage before the formal policy is issued.

A supplemental ACORD form for umbrella and excess liability applications listing underlying policies and schedule of coverages.

The standard ACORD application form for personal lines homeowner insurance, used by brokerages that write residential property coverage.

An ACORD form for fiduciary liability insurance applications covering ERISA plan administration risks.

An extended ACORD supplemental form for detailed cyber risk assessment beyond the standard ACORD 163.

The ACORD form used to request automobile insurance identification cards from the carrier.