ACORD reference/Schedules and supplements
ACORD 823
Additional Premises Information Section
What the ACORD 823 is for
The premises block on a commercial application holds a handful of locations. Multi-location accounts outgrow it immediately, and the ACORD 823 is the schedule that carries the rest with the same construction, occupancy and protection detail.
The reason to take it seriously is simple: an unlisted location is an unrated location, and an unrated location is usually an uninsured one.
What it collects
Described in our own words, block by block. This is a summary of the information the form gathers, not a reproduction of the form itself.
- Parent application identification
- The application this schedule continues, with the applicant and proposed term.
- Location and building identification
- The numbering that ties each premises back to the schedules on the line-specific sections.
- Occupancy and interest
- What is done at the location and whether the applicant owns or leases it.
- Construction and protection
- Construction type, year built, area, number of storeys, and the protection detail an underwriter rates from.
Check before it leaves the agency
The defects that cause trouble later are nearly always the same handful. Run these before the form goes out.
- Location and building numbering is consistent across the application and every line-specific section, since the property and liability sections point at these numbers.
- Every location the applicant occupies is listed, including storage units, yards and seasonal sites.
- Ownership against tenancy is correct at each location, because it changes who insures the building.
- Construction, protection class and year built are current, particularly after any renovation.
- Vacant or idle locations are identified as such, since vacancy changes the coverage available.
What the ACORD 823 does not do
- It does not stand alone; it is a continuation of an application.
- It does not insure a location by itself. The location has to appear on the issued policy schedule.
Which edition?
ACORD revises its forms, and the edition date is printed in the bottom-left corner beside the form number. This page deliberately does not name an edition, because a hard-coded one goes stale and a stale edition on a reference page is worse than none. Produce the form from your own management system, which will give you the current version, and read the corner if a carrier or a contract has asked for a specific one.
At renewal
BindCheck reads a bound renewal against the prior policy and reports every form, limit, deductible and endorsement that changed, with each finding cited to the page it came from. That matters for this form because what you put on an ACORD is only correct for as long as the policy behind it is unchanged: a certificate, an evidence form or a schedule of interests prepared from last term's facts is a defect nobody sees until the party relying on it needs it.
Related forms
Confirm the policy behind the form still says what you think
Send the prior policy and the renewal and BindCheck returns every form, limit and endorsement that changed, in about a minute, each cited to its source page.
ACORD is a registered mark of ACORD. BindCheck is not affiliated with, endorsed by or a distributor of ACORD, and this page reproduces no part of ACORD's copyrighted form text. It is a plain-English description of what the form is for.