The ACORD 143 Commercial Inland Marine Section is a section supplement attached to the ACORD 125 when applying for inland marine coverage lines through admitted commercial markets. While the ACORD 61 is a standalone inland marine application used in many specialty markets, the ACORD 143 is the section attachment used when inland marine is being quoted alongside other commercial lines with the same carrier.
The ACORD 143 is used when inland marine coverage is being included in a commercial package: • Adding contractors equipment coverage to a contractors package policy • Adding electronic data processing (EDP) equipment coverage to a commercial property submission • Adding installation floater or builders risk to a contractor's program • Scheduling specialty property (fine arts, musical instruments, scientific equipment) within a commercial package • Adding motor truck cargo coverage for businesses that transport goods • Any inland marine coverage submitted together with other commercial lines through an admitted market
The ACORD 61 and ACORD 143 collect similar information, but they are used in different contexts:
ACORD 61 — Standalone inland marine application, commonly used in specialty and surplus lines markets, or when the inland marine is being placed separately from other commercial lines.
ACORD 143 — Section attachment used when inland marine is part of a commercial package submitted to an admitted market alongside GL, property, auto, or other lines.
In practice, agents should confirm which form the carrier requires. Some carriers have their own inland marine applications entirely and may not use either ACORD form.
For contractors equipment floaters, the ACORD 143 requires a schedule of covered items including:
• Description of the equipment (make, model, year) • Serial or equipment number • Replacement cost value • Whether the item is owned, rented, or leased
For blanket equipment coverage (where all equipment is covered under a single limit rather than scheduling individual items), the ACORD 143 collects the total value of all equipment covered.
High-value individual pieces of equipment should almost always be scheduled specifically, even under a blanket policy. Blanket limits can leave coverage gaps if the total value of equipment at a loss exceeds the blanket limit.
Standard commercial property policies cover computers and electronic equipment at the scheduled location, but typically exclude:
• Equipment away from the premises • Data and programs stored on the equipment • Extra expense to restore or replace data after a covered loss
An EDP floater extends coverage to include these excluded items. For businesses that rely heavily on computers and data — professional offices, IT firms, healthcare practices — EDP coverage is an important addition.
The ACORD 143 collects the total value of all EDP equipment, the value of data and programs, and whether the insured has off-site backup systems in place.
Using the ACORD 61 when the carrier requires the ACORD 143 for package submissions
Undervaluing equipment by using depreciated book value instead of replacement cost
Not scheduling high-value individual items that should be individually rated
Missing the EDP coverage need for professional offices and tech-intensive businesses
Not asking about equipment that is regularly off-premises and would be excluded from the property policy
Send your client a plain-English intake link. When they finish, the completed ACORD 143 and all required companion forms are generated and ready to submit.