ACORD 160: Business Owners Section
ACORD 160 is the Business Owners Section. It organizes property and liability information for a business owners policy submission where the market accepts that format.
What it is
ACORD 160 is the Business Owners Section. It organizes property and liability information for a business owners policy submission where the market accepts that format.
Begin with the business's activities, premises, ownership or tenancy, property values, and requested insurance. Eligibility and the full application packet depend on the carrier and program, so do not infer fit solely from the business's size.
When it's used
- A market requests this section for a BOP submission.
- A small commercial account needs property and liability information organized together.
- A change in operations, occupancy, or values needs market review.
Section-by-section walkthrough
Agency and policy information
Your agency, the target carrier, proposed effective dates, and the applicant name, all matching the attached ACORD 125.
Review check: Match the applicant and dates.
Premises information
Each location with its construction type, year built, square footage, and occupancy, including who else occupies the building.
Review check: Describe each premises and occupancy.
Building coverage
The building interest, limit, valuation basis, and deductible requested, considering ownership and the relevant lease obligations.
Review check: Clarify ownership, lease obligations, and requested building insurance.
Business personal property
Contents limits at each location: furniture, equipment, stock, and a tenant's improvements and betterments.
Review check: Review property values and seasonal peaks.
Additional coverages
The optional coverages a BOP can carry: accounts receivable, valuable papers, outdoor signs, glass, crime, and boiler and machinery where offered.
Review check: Record requested options and client decisions.
Liability coverage
The requested liability and medical expense limits for the BOP's liability side.
Review check: Confirm the requested liability limits.
General information questions
The operational and risk-control questions, with explanations as required by the form.
Review check: Follow each question's explanation instructions.
Remarks
Required explanations and supported context such as safeguards, improvements, and management experience.
Review check: Add supported operational context.
Signatures
The applicant's signature and the producer's, with dates.
Review check: Complete the required signature process.
In Relay
Relay can prepare supported ACORD drafts from the documents you provide. This reference guide explains ACORD 160; 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
- Confusing owned building interests with tenant obligations.
- Ignoring seasonal changes in stock values.
- Treating the BOP label as proof of program eligibility.
Common questions
Does ACORD 160 always replace ACORD 126 and 140?
Use the packet the market requests. The 160 combines information relevant to a BOP, while some submissions require different sections or carrier supplements.
Can a restaurant use this form?
Confirm the market's program and requested application. A restaurant supplement or carrier questionnaire may also be required for cooking, alcohol, and entertainment exposures.
Related forms
Form references
- ACORD Forms Portal: current forms and authorized access
- ACORD-authored Forms Index, May 2024 (historical form names)
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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