ACORD 25 - Other Coverage - Part 12 How to Complete an ACORD 25 Certificate of Liability Insurance

There is a blank section at the bottom of the coverage section to allow you to enter types of insurance that are not commercial general liability, automobile liability, umbrella or excess liability or workers compensation.

Types of coverage you may enter her might be Boiler Steam, Aircraft, Longshoremen's, etc.

The point is, this form can be used for coverage that requires a certificate of insurance by a certificate holder.

I hope this is helpful in learning how to complete an ACORD 25 certificate of Liability Insurance.

ACORD 25 - Insured Information - Part 11 How to Complete an ACORD 25 Certificate of Insurance

The INSURED section of the ACORD 25 is where you enter the Insured's Name and Address as it is required to appear by the certificate holder.

I hope this is helpful.

It may seem basic, but we all learn for the first time at some point. I want to be thorough in providing information.

ACORD 25 - Producer Information - Part 10 - How to Complete an ACORD 25 Certificate of Liability Insurance

The Producer information section in the top left hand corner of the ACORD 25 is where you enter your agency's name and address.

The contact section to the right of the PRODUCER section is where you enter your - the individual agent's - name, phone number, email and fax.

I hope this is helpful to you in learning how to complete the ACORD 25 Certificate of Liability Insurance form.

ACORD 25 - Insurer Letter - Part 9 How to Complete an ACORD Certificate of Liability Insurance Form

You enter the Insurer's name on the line labeled Insurer A, Insurer B, etc.

On the far left hand column under COVERAGES section there is a column titled INS LTR.

Enter the correctly matching Insurer letter from the INSURER(S) AFFORDING COVERAGE section into this column next to the appropriate TYPE OF INSURANCE.

I hope this is helpful. We all learned things for the first time at some point. I hope this helps you in filling out an ACORD 25 Certificate of Liability Insurance.

ACORD 25 - Workers Comp Section - Part 8 in How to Complete a Certificate of Liability Insurance

In our continuing and exciting series on how to complete the ACORD 25 certificate of Liability Insurance form, in this episode we take a look at the Workers Compensation and Employers' Liability Section.

Put a Y or N for yes or no in the box next to "Any Proprietor/Partner/Executive Officer/Member Excluded?"

Note this is apparently always a Y if the company insured is in New Hampshire.

Not all states allow this exclusion, but many do allow it. It is a way for you to keep the premium cost of insurance lower. It also means those employees do not have workers comp coverage. So be careful and document well when you use this exclusion.

Under Limits, to the best of my knowledge and research, all states have limits per Statute, so you would always check this. Some states allow the business to purchase limits in excess of the statutory limits. You need to ask your underwriter if that is available in the state in which you are providing coverage.

Under limits there are three lines which start with E.L This stands for Employers Liability. This provides coverage that protects the company in the event that an employee alleges that the employer's negligence or failure to provide a safe work place was the cause of the employees's illness or injury. refer to your actual policy for these limits.

I hope this is helpful. It is intended not as a legal document but as a training tool for learning how to complete certificates of liability insurance.

We all learn each thing for the first time at some point. This is intended to help with that learning.

ACORD 25 - Umbrella and Excess Liability Section - How to Complete a Certificate of Insurance Part 7

Here is a quick run through of the Umbrella and Excess Liability sections of the ACORD 25 Certificate of Liability Insurance form.

As always, this is not a courtroom explanation, but a practical guide to help you complete the form.

You should check the box next to either the Umbrella Liability text or the Excess Liability text. While I suppose it is possible to have both an Excess and an Umbrella policy on the same insured, I cannot recall ever seeing this done.

An Umbrella policy provides liability coverage after the underlying, or primary, liability policy has been paid out. Umbrella policies have a significant retention or deductible amount the insured must pay after the primary insurance policy pays. The umbrella policy has its own terms and conditions and may provide coverage the primary policy does not provide or restrict coverage to not cover some losses the primary policy does cover.

An Excess policy can be an Excess Follow policy. This is where the coverage, terms and conditions track the primary policy.

Enter a check mark in either the Deductible or Retention box.

Deductibles and Retention - self insured retention - are not the same. They differ in the responsibilities of the carrier when a loss occurs, defense costs, collateral requirements, limits erosion and certificates of insurance details.

Generally speaking I have been told the deductible is more favorable to the insured. My Daddy always told me for a variety of reasons that it is always best in the event of a loss to have all your policies with the same carrier.

Show the liability limits of coverage - for example $1,000,000.  or $5,000,000, etc next to the appropriate "Each Occurrence" and "Aggregate" text.

If your insured has a deductible you do not have to show the deductible limit on the certificate of insurance, but if they have a self insured retention you do need to show that amount in the box under the other limits.

I hope this is helpful. We all learned everything for a first time as some point. Some of us continue to learn.

Next up is the Workers Compensation Section of the ACORD 25 Certificate of Liability Insurance.

ACORD 25 Auto Liability Limits - How to complete an ACORD 25 -Part 6

Here is a quick explanation of the Limits data fields for Commercial Auto Liability section in the ACORD 25 Certificate of Liability Insurance form.

As always, this is not a court room definition, but intended to help you learn what information goes where on the ACORD form.

Auto policy liability limits are either Combined Single Limits or Split Limits.

The split limits refers to the Bodily Injury and Property Damage having separate, specific limits. So, you will never put limits in the Combined Single Limits field and also put limits in any of the other fields for Automobile Liability.

Combined Single Limits is often abbreviated as CSL.

Bodily Injury and Property Damage are often abbreviated as BI and PD respectively.

Bodily Injury will have a person limit, such as $100,000 and an aggregate limit, such as $300,000. These combinations differ from state to state.

Bodily Injury pays for bodily harm the insured is legally responsible for to others as a result of the operation of a motor vehicle covered under this specific policy. The per person limit is the most the insurance carrier will pay for any one person. The Aggregate limit is the most the insurance carrier will pay regardless of how many people are injured.

Property Damage coverage pays for the damage to the property of others the insured is legally responsible for as a result of the operation of a vehicle insured under this specific policy. The coverage is shown as applying on a per accident basis. The definition of an accident is not the same as an occurrence. It is possible for a given occurrence to consist of many separate accidents. I will get into that in a later post.

I hope this is helpful to you.

Please share with anyone you wish.

We all learn things for the first time at some point.  Tomorrow I will cover the Umbrella and Excess sections of the ACORD 25.