ACORD 147: Installation/Builders Risk Section

ACORD 147 is the Installation / Builders Risk Section. It organizes project or reporting-program information for insurance on construction or installation work.

What it is

ACORD 147 is the Installation / Builders Risk Section. It organizes project or reporting-program information for insurance on construction or installation work.

First identify whether the request concerns a specific project or a program covering multiple jobs. Then gather the contract, realistic schedule, property values, transit and storage arrangements, and the parties whose interests need review.

When it's used

The market requests this section for an installation or builders risk submission.
A specific project needs its values and schedule described.
A contractor is evaluating a reporting program for recurring work.

Section-by-section walkthrough

Coverage and limits

The limits requested: at any single location, at temporary locations, in transit, and per disaster, with deductibles.

Review check: Review location, transit, and accumulation limits.

Causes of loss

The coverage basis and options requested, including flood or earthquake information where the market asks for it.

Review check: Record coverage options intentionally.

Territory and receipts (open reporting)

Territory and gross installation receipts for the prior and projected periods requested by the program.

Review check: Use the requested territory and receipt periods.

Jobs and values (open reporting)

How many jobs run at once, typical duration, material cost, and job values split between residential and commercial work.

Review check: Separate typical and maximum job values.

Job description and term (specific job)

What the work is, the contract amount, commencement and completion dates, and the value of owner supplied property.

Review check: Confirm the project scope, dates, and owner-supplied values.

Transportation and rigging

How much value ships to the job site at the applicant's risk, the split between the applicant's own vehicles and common or contract carriers, and a description of all hoisting or rigging operations.

Review check: Describe transit and rigging operations.

Job site security

How materials and work in progress are protected on site: fencing, lighting, storage, watch service.

Review check: Identify actual site safeguards.

Additional interests

Owners, lenders, and others with an interest in the job, including who requires certificates.

Review check: Clarify each requested interest.

Remarks

Anything that helps the underwriter: staging plans, subcontractor roles, protective safeguards that did not fit above.

Review check: Explain staging, subcontracting, and unresolved project details.

In Relay

Relay can prepare supported ACORD drafts from the documents you provide. This reference guide explains ACORD 147; it is not a promise that this form or edition is available in your workspace. Check the supported form, then review the fields and missing answers before use. See how →

Common errors

Omitting owner-supplied property or staging exposures.
Confusing average job values with maximum accumulations.
Assuming coverage automatically continues after a project delay.

Common questions

How does a specific project differ from a reporting program?

A specific project needs its own location, scope, dates, and values. A reporting program needs the operational and job information the market requests across the contractor's work.

What if the project dates change?

Review the actual policy and contact the responsible carrier or producer. Record the change and obtain confirmation of any needed extension or amendment.

Form references

Confirm the form edition and requirements with the market receiving the submission.

Part of the Relay ACORD form library. Updated 2026-07-11. See how we source content.

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