(November 2019)
ACORD forms are designed primarily for use with products associated with standard insurance industry rating and forms organizations, such as the Insurance Services Office (ISO), for use with its manuals, rules, rating plans, and policy forms. This includes the Liquor Liability Coverage Forms. For the most part, ACORD forms are relatively generic in nature. If either of the Liquor Liability Coverage Forms is written in combination with a specific independent specialty or company program, company specific forms may be needed for that account instead of, or in addition to, the normal ACORD forms that apply.
Note: Only countrywide ACORD forms are listed in this section. State specific ACORD forms are not listed.
Form 45–Additional Interests
This form helps list, identify, and describe additional interests for both property and liability in an organized, logical, and sequential way. The additional interest name and mailing address is coupled with identifying the specific type of interest involved and the nature of the interest, such as in a location, vehicle, or a specifically scheduled item of property. This form can be used as a risk management and additional interest inventory document in addition to its primary purpose of providing underwriting, policy-writing, and rating information.
Form 125–Commercial Insurance Application
All the information requested in this form is relevant and important. Be sure to check the appropriate boxes so the insurance company underwriter understands the lines of insurance being submitted for consideration. The first named insured and all named insureds must be listed. The applicant information is important to provide the contact information for inspection, financial, and premium audit functions. The locations where coverage is to apply and the nature of the operations at each of them are extremely important items of information for the insurance company underwriter. This form contains a number of questions of a general information type that helps all parties understand the nature and extent of a number of important issues that affect or involve most risks. Loss information on larger accounts should probably be submitted in the form of copies of currently valued loss runs for the past five years, as well as for the current year to date. Accurate and currently valued loss information for the latest three full and complete years is required for experience rating on larger accounts for some lines of insurance.
Form 803–Liquor Liability Section
This section is designed specifically for the liquor exposure. Instead of trying to make the 126–Commercial General Liability Section “work” for a liquor exposure, this section asks the important questions that are unique to liquor operations. There are questions about bouncers, entertainment, weapons on premises, food sales, liquor sales, TIPS courses and much more. This is a very detailed application and is location specific so one is required for each location.