Fillable ACORD Forms: Everything You Need to Know

Fillable ACORD Forms: Everything You Need to Know

Fillable ACORD Forms: Everything You Need to Know
Samantha Hawrylack
Mar 29, 2022
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Completing ACORD forms is one of the many tasks of an insurance agent. With multiple clients, this time-consuming job can pull you away from client prospecting and sales calls.

Luckily, fillable ACORD forms are now available to help insurance agents save time. Depending on the software tool, these forms are automatically filled out when you get a quote for a client. So, say goodbye to manually entering a client’s details more than once.

In this post, you’ll learn more about fillable ACORD forms and how they can help your insurance agency.

What are Fillable ACORD Forms?

ACORD forms are a standardized method of exchanging client information between insurance agents and carriers. They include the necessary details about the insured. Sometimes, the insured may need to verify the information with their signature before sending it to the carrier.

Agents, wholesalers, and carriers are the most common users of ACORD forms. These forms can include the type of coverage, amount, policy number, limits, and expiration dates. Since ACORD forms have a universal layout, wholesalers and carriers can quickly verify the information they need to make a decision.

Certificate of insurance (proof of coverage) is one type of ACORD form used by businesses to verify coverage to their clients. This standardized form provides reassurance that the business holds the proper insurance coverage.

With fillable ACORD forms, it’s easier to provide all essential parties with the right information. No more manually entering the same information over and over again. This time-consuming process isn’t efficient for your business. Instead, fillable ACORD forms simply the process without an overload of data entry.

Who Uses Fillable ACORD Forms?

Primarily, insurance agents will use fillable ACORD forms to save time when handling multiple quotes for their various clients. Assessors and insurance brokers also use ACORD forms as part of their jobs.

ACORD forms are used at different stages in the insurance policy process. Therefore, no matter who possesses the form they have an accurate reflection of the current status of the policy. Form details may include assigned risks, sustained damages, the number of insureds on record, and the insured’s contact information.

Fillable ACORD forms increase business efficiency. Rather than manually filling out paperwork or completing an electronic form several times, a fillable ACORD form is an essential tool for time management for insurance agencies.

Faster quotes also can help to boost client satisfaction. Your clients will appreciate the speedy service for these important matters.

When Should You Use Fillable ACORD Forms?

Fillable ACORD forms exist to help insurance agents send the client's information to the carrier and wholesaler. These internal use documents are completed throughout the policy application. 

Insurance agents use these forms to help determine a client’s coverage and premiums. In the policy process, you may need to get your client to verify the accuracy of the information.

What are the Consequences of Not Using Fillable ACORD Forms?

Not having an ACORD form ready for wholesalers and carriers could mean delays in getting your clients the coverage they need. For potential clients, it could mean a business loses out on a bid or a loan application.

Fillable ACORD forms are important as internal documentation within an insurance agency. These forms streamline the policy process and ensure the right stakeholders have access to the right information.

Who Offers Fillable ACORD Forms?

You can find fillable ACORD forms online from companies like Pathpoint. With these online forms, insurance agents enter the information only once while still generating the documents necessary to bind.

Try Fillable ACORD Forms

Business efficiency is important in the insurance business. Fillable ACORD forms allow you to save time while providing superb client service. Get a Pathpoint quote to generate fillable ACORD forms for your clients.

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