ACORD 75
The standard form used to provide insurance companies and producers with a consolidated summary of all coverages for a commercial account.
What It Is
The ACORD 75, titled Insurance Account Schedule, is a multi-page form that provides a consolidated summary of all insurance coverages for a commercial account. Unlike the ACORD 25 (which focuses on liability) or ACORD 28 (which focuses on property), the ACORD 75 provides a comprehensive overview of every policy in an account — including property, general liability, auto, workers compensation, umbrella, professional liability, and any specialty lines.
The form is typically used for internal agency purposes, account reviews, and providing clients or their advisors (such as accountants or attorneys) with a complete picture of their insurance portfolio. It is less commonly sent to certificate holders, who typically need only the ACORD 25 or ACORD 28 for their specific interest.
The ACORD 75 includes premium information, making it useful for budgeting and financial reporting purposes that other certificate forms do not address.
Why It Matters for Brokers
The ACORD 75 is an essential account management tool. When a new producer takes over an account, the ACORD 75 provides a quick snapshot of the entire insurance program. During account reviews, it helps identify coverage gaps by showing all lines in one place. For brokers managing complex accounts with 10 or more policies, the ACORD 75 is often the first document reviewed to understand the account structure.
Real-World Example
A construction company with 12 separate policies (CGL, commercial auto, workers comp, umbrella, builders risk, inland marine, contractors equipment, professional liability, pollution liability, crime, D&O, and EPLI) needs to present its full insurance program to a new bonding company. The broker generates an ACORD 75 showing all 12 policies with carriers, policy numbers, effective dates, limits, and annual premiums totaling $485,000. The bonding company reviews the ACORD 75 in 10 minutes rather than spending hours reviewing 12 separate certificates.
Common Mistakes
- 1Not keeping the ACORD 75 updated when mid-term changes occur, resulting in an outdated snapshot that misleads anyone relying on it.
- 2Using the ACORD 75 in place of individual ACORD 25 or ACORD 28 certificates for third-party compliance, which typically require the specific evidence forms.
- 3Omitting specialty lines from the ACORD 75, giving an incomplete picture of the account's insurance program.
How brokerageaudit.com Handles This
Policy Checker feeds verified coverage data from all uploaded policies into a centralized account view. COI Manager can generate ACORD 75 forms that automatically consolidate all active policies for an account, including limits, premiums, and carrier information. When any policy in the account is updated, the ACORD 75 is automatically flagged for regeneration to maintain accuracy.