ACORD 90 (Commercial Lines Binder)
A multi-line ACORD binder form used to document temporary coverage across multiple commercial lines simultaneously.
What It Is
The ACORD 90 is a commercial lines binder form designed for multi-line accounts where temporary coverage needs to be documented across several coverage lines simultaneously. Unlike the ACORD 75 which is typically used for single-line binders, the ACORD 90 accommodates property, general liability, auto, umbrella, and other commercial lines on a single binder document.
The form includes sections for each coverage line with spaces for limits, deductibles, coverage forms, and special conditions. It provides a comprehensive summary of all temporary coverage in force for the account.
The ACORD 90 is commonly used for package policy binders where multiple lines are placed with the same carrier and bound simultaneously.
Why It Matters for Brokers
Multi-line binders require careful coordination to ensure all coverage lines are properly documented with the correct effective dates, limits, and conditions. The ACORD 90 consolidates this information onto a single form, reducing the risk of missing a coverage line. Brokers handling commercial package policies benefit from the ACORD 90 because it provides a single reference document that confirms all temporary coverage in force, making it easier to verify that nothing was overlooked in the binding process.
Real-World Example
A new commercial client needs a package policy (property, GL, auto, and umbrella) bound by Friday for a real estate closing. The broker uses the ACORD 90 to document all four coverage lines in a single binder: $2M building, $1M/$2M CGL, $1M auto with 5 vehicles, and $5M umbrella. The single-document binder is provided to the closing attorney as evidence of all required coverage.
Common Mistakes
- 1Omitting one or more coverage lines from the multi-line binder, leaving a gap that is not discovered until a claim occurs.
- 2Not matching the binder limits to the committed quote terms, creating discrepancies when the formal policy is issued.
- 3Failing to document which coverage lines are subject to separate binding authority limits at the carrier.
How brokerageaudit.com Handles This
BrokerageAudit's binding workflow uses the ACORD 90 template for multi-line accounts and cross-references each coverage line against the committed quote to ensure consistency. The platform validates binding authority for each line independently.