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Adding Premium and Coverage Amounts on a Form

Adding premium and coverage amounts differ on each ACORD form. There may be boxes for entry of a premium on one form but not on another depending on how the ACORD form is written. For those forms that do not have areas for entry of a premium the quote received from the carrier may be entered on the policy info tab. For more information about how to enter a premium on the policy info tab, see the Policy Info Tab topic.

Coverage amounts can be added in coverage or deductible boxes. Coverage amount entry differs from premium entry because only whole dollars can be added, not cents. Dollars and cents can be added for premiums.

To Add Premium Amounts on Forms

  1. On the Primary menu, click SEARCH.
  2. Click the Details icon next to the appropriate client or prospect name.
  3. On the Client menu, click MARKETING. The marketing tab is displayed.
  4. Click the Details icon next to a marketing policy to display the underwriting tab.

Example of how to access the premium entry box for a Commercial General Liability Acord 126 form.

On the navigation tab, click General Liability > ACORD 126 > Billing. The entry boxes for the premium amounts are at the bottom of the resulting Billing screen.

Example of how to access the premium entry box for a Commercial Auto Acord 127 form.

  1. Enter the premium amount without commas. The premium amount is formatted automatically after moving to the next entry area. 

Note: Premium amounts can have dollars and cents while coverage amounts are limited to dollars only.

 

To Add Coverage Amounts on Forms 

  1. On the Primary menu, click SEARCH.
  2. Click the Details icon next to the appropriate client or prospect name.
  3. On the Client menu, click MARKETING. The marketing tab is displayed.
  4. Click the Details icon next to a marketing policy to display the underwriting tab.

Example of how to access the coverage entry box for a General Liability Acord 126 form.

On the navigation tab, click General Liability > ACORD 126 > Coverages - GL. The entry boxes for the coverage amounts are on the resulting Coverages - GL screen.

Example of how to access the premium entry box for a Commercial Auto Acord 127 form. 

On the navigation tab, click Commercial Auto > ACORD 127 CA > Coverages - Auto. The coverages boxes are on the resulting Coverages - Auto screens. 

Note: Coverage amount entry is limited to dollars only, cents will be removed if entered. Text may also be entered into the coverage boxes such as "Included".

Related Topics

Working With Forms