ACORD 130 Workers Compensation Application Nature of Business Seection

How to Complete the Nature of Business /Description of Operations Section of the ACORD 130

This is a large, free form entry section.

You need to be as inclusive as possible about what your customer does. This is where you can really sell your underwriter on this customer. It will also have an impact in how your underwriter decides to classify the payroll class codes.

Pay attention to the list in the top box above the free forms box and give descriptions and comments on:

Manufacturing:
Raw Materials
Processes
Product
Equipment

Contractor:
Type of Work
Sub-Contracts

Mercantile:
Merchandise
Customers
Deliveries

Service:
Type
Location

Farm:
Acreage
Animals
Machinery
Sub-Contract

I hope this helps you learn how to complete the nature of business and description of operations section of the ACORD 130 workers compensation application.

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