ACORD certificate insurance
What are ACORD insurance certificates?
ACORD Certificate Insurance, or ACORD Forms Insurance, are standardised documents that summarise what liability insurance an organisation holds.
Why do I need an ACORD Insurance Certificate?
When operating internationally, especially in the USA, customers and suppliers often require confirmation of what insurance coverage they have. The ACORD forms of insurance are single-sided documents that clearly set out the main details of what liability insurance you have in a clear format. If you are trading with US companies they will commonly insist upon sight of a satisfactory ACORD insurance certificate before they do business with you.
What should my ACORD Certificate insurance cover?
Many policies can be extended to include a range of benefits such as:

Payment of fines & penalties

Payment of ransoms & extortion

Cover for lost or disrupted income

Cover for physical injury/damage

The cost of phone hacks

Cost of notifying your contacts

Incidents at your outsourced service providers

Social media risks
How do I get an ACORD Insurance Certificate?
Certificates are controlled by the Association for Cooperative Operations Research & Development, a not-for-profit body based in the US. Sutcliffe & Co can obtain ACORD certificate insurance for our clients if required. If you would like assistance with ACORD insurance, please contact us.