The ACORD 141 Commercial Property Schedule is a continuation form attached to the ACORD 140 when a commercial account has more locations than the ACORD 140 can accommodate. For multi-location businesses — retail chains, restaurant groups, property management companies, manufacturing facilities with multiple plants — the ACORD 141 organizes all location-specific property information that underwriters need to rate and underwrite each individual location.
The ACORD 141 is used whenever a commercial property submission includes more locations than the ACORD 140 provides space for: • Multi-location retailers and restaurants • Property management companies with multiple buildings • Manufacturers and distributors with multiple facilities • Franchise operations covering multiple properties • Companies with offices in multiple cities or states • Any account where the number of locations exceeds the ACORD 140's standard location fields
For each location on the ACORD 141, underwriters need:
• Complete street address including suite number • Building construction type (frame, joisted masonry, masonry non-combustible, fire resistive) • Year built • Total square footage • Occupancy description (what the insured does at this location) • Number of stories • Sprinkler system — fully sprinklered, partially sprinklered, or none • Coverage requested: building (if owned), business personal property, business income • Coverage amount for each item • Deductible selection • Any scheduled equipment or specialty items at the location
Construction type is one of the most important rating factors in commercial property insurance. The major construction types are:
Frame — wood frame construction. Highest fire risk, highest rates.
Joisted masonry — masonry exterior walls with wood floor and roof joists. Common in older commercial buildings.
Masonry non-combustible — masonry exterior walls with steel or non-combustible floor and roof.
Fire resistive — concrete or steel construction with fire-resistant materials throughout. Best rates.
Agents completing the ACORD 141 need to accurately classify the construction of each location. Misclassifying a joisted masonry building as masonry non-combustible, for example, creates E&O exposure if the policy is rated incorrectly and the insured is undercharged.
For multi-location accounts, business income coverage can be written per location or as a blanket limit covering all locations. The appropriate structure depends on the account:
Per-location limits work when each location operates independently and a loss at one would not affect others.
Blanket business income works when the locations are interdependent — for example, a distribution center that supplies multiple retail locations. A loss at the distribution center affects all stores.
For property management companies, business income (rental income) should be scheduled by property and should reflect the current rental income from each building.
Misclassifying the construction type — walk the location or ask the client specific questions
Using the same business income limit for all locations without analyzing each location's individual income
Not updating the ACORD 141 when the client acquires new locations during the policy period
Missing the sprinkler status — fully sprinklered buildings receive significant rate credits
Not including tenant improvement values for leased locations where the insured has installed significant improvements
Send your client a plain-English intake link. When they finish, the completed ACORD 141 and all required companion forms are generated and ready to submit.