ACORD 125

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ACORD 125

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Insurance

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Description

This is some text inside of a div block.

Applicant Information

Legal business name, mailing address, and contact details.

Business Type

Entity structure such as Corporation, LLC, Partnership, or Sole Proprietor.

Federal Employer ID (FEIN)

Unique identifier for the business used for tax and insurance purposes.

Nature of Business

Description of operations, industry classification, or SIC/NAICS code.

Years in Business

How long the applicant has been operating under the current name or ownership.

Prior Insurance

Details of previous insurance policies including carrier names and coverage dates.

Loss History

Record of claims or losses in the past 3–5 years, including type and amount.

Contact for Inspection

Name and phone number of the person available for property or risk inspections.

Requested Lines of Coverage

Types of insurance being applied for (e.g., liability, auto, property, workers comp).

Mailing vs. Business Address

Identifies if the business receives mail at a different location than the physical premises.

The ACORD 125 form serves as the foundation of commercial insurance submissions, capturing essential applicant, business, and risk information. Feathery’s AI extracts structured data such as legal business name, entity type, FEIN, and nature of operations, along with underwriting details like years in business, prior carrier data, and loss history. It also identifies coverage lines requested, addresses, and inspection contacts, ensuring that all underwriting qualifiers are available in a single, structured view.

This template is particularly valuable for agents, brokers, and carriers handling multi-line commercial risks. Automating ACORD 125 data extraction accelerates the submission process, reduces manual entry errors, and provides underwriters with complete applicant profiles upfront. By centralizing business identity, risk factors, and coverage needs, insurers can evaluate exposures more effectively, price policies with greater accuracy, and streamline the entire underwriting workflow.

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