Everything you need to know about Acords

Supplemental applications can be found HERE

 

Acords We Accept

Commercial Package requires Acords 125, 126, and 140.

Supplemental Acords we also accept:

Acords 125 and 126 for General Liability*

Acord 130 Workers Compensation

Acord 131 Umbrella

Acord 140 Property*

Acord 152 Equipment

Acord 147 Builders Risk

Need a copy of an Acord? Email Support@bigfoot.insure

Other items requested: Loss runs, copy of sub-contractor agreement, and requested contractual obligations (additional insured, waiver of subrogation, primary/non-contributory)

Send the above items to submissions@cig-llc.biz for underwriter assignment. Typically you receive an email about which underwriter assigned has been assigned to your submission overnight. If complete, you will receive 2-3 carriers in response. If incomplete, you will receive notice of missing items. Turn-around time varies from one day to a week, depending on the complexity of the account and number of revisions you provide. All submissions are handled in the order they are received. 

Our Underwriting Manager Heather Gilginas is happy to assist for further questions or concerns. 

There is a list of all the Acords we frequently request on our Online Platform. You’ll find them listed in the Resources Tab on the right margin once you’ve logged in to the system. OR simply email Amanda@cig-llc.biz with a request for any Acord form that you need.

 

 

Why We Use Acords

We get a lot of questions about why we use Acords. As Lloyd cover holders, we are proud members of ACORD. Acord is a non-profit organization that has been providing global insurance industry standards since 1970.

Our focus is on hard to place risks and so any attempt at standardization is greatly appreciated. We get that not all questions apply to you, but often times Acords are the best starting point when we broker a risk. Acord works with Carriers, Reinsurers, Brokers, Agents, Markets, Regulators, Insureds, Vendors, Industry Associations, M.G.As, M.G.Us, and other stakeholders to navigate the ever changing landscape of regulations and keep up with the pace of technology. In a world full of uncertainty, Acords assist us in assessing risk in the most efficient, accurate, and effective way.

There are exceptions. We request supplemental information for carriers and some of those applications can be found here: https://www.bigfoot.insure/supplemental-applications?rq=supplemental

Also, our Auto & Trucking and Garage & Dealers department require separate applications: C.I.G Auto & Trucking Application or C.I.G Garage & Dealers Application

 

 

How to fill out an Acord

These ACORD forms are typically standardized forms for commercial insurance needs.  It is based on what the insured is requesting and since you will likely need to fill these out for all commercial needs its best for you fill them out so you can become comfortable with them. Please check out these links to some awesome tutorials on how to fill these out. If after going through those, if you still have some questions we would be happy to help you further.

ACORD 125 (Commercial Lines Application)  https://www.youtube.com/watch?v=rIfT72r9wN8

ACORD 126 (General Liability)  https://www.youtube.com/watch?v=y_iLQQdYnzo

ACORD 140 (Property)  https://www.youtube.com/watch?v=T-Vu-aY6VvY

ACORD 130 (Workers Comp)  https://www.youtube.com/watch?v=HA86wnZcpFc&t=25s

Line by line instructions for each ACORD as well can be found here: http://www.formsboss.com/fig.php