ACORD 131 Instructions for Primary Locations & Subsidiaries
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| How to Complete the ACORD 131 Umbrella Excess Application |
PRIMARY LOCATION & SUBSIDIARIES (ACORD 125)
# - the far left hand column simply asks # - number. Enter the number for this location. Probably start with 1, or use numbering system used in other application for other coverage for this insured.
NAME AND LOCATION OF PRIMARY AND ALL SUBSIDIARY COMPANIES (Describe Operations)
NAME - Enter the name of this location. If this is a commercial application the name may be the same as the name of the business.
LOCATION - Enter the physical street address, city, state and zip code.
DESCRIPTION - Enter a text description of the operations of this company. Add the ACORD 101 Additional Remarks form if you need additional room.
ANNUAL PAYROLL - Enter the total annual payroll for this business at this location.
ANNUAL GROSS SALES - Enter the annual gross sales for the trailing 12 months. This should include the foreign sales.
Gross sales are the grand total of all sale transactions reported in a period, without any deductions included within the figure.
FOREIGN GROSS SALES - Enter the total gross sales. This amount should be either the same or less than the amount above since foreign sales are included in ANNUAL GROSS SALES.
# EMPL - This means number of employees. Enter the total number of employees at this location.
Repeat this for each additional location listed in this section.
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