(November 2022)
ACORD forms are designed
primarily for use with standard insurance 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’s 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. 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.