What is ACORD 125 - Commercial Insurance Application?
The ACORD 125 Commercial Insurance Application is a standardized document used in the insurance industry to gather essential details from businesses seeking commercial insurance. The form captures comprehensive information including business and insurance history, coverage requests, property details, and more. Extracting data manually from these forms can be tedious and error-prone.
With Parseur’s AI-powered document automation, you can automatically extract critical information such as policy numbers, coverage limits, and applicant details. This allows for faster decision-making and accurate data entry into your system.
How does Parseur extract data from ACORD 125 forms?
Set up your AI parser in minutes and automate data extraction from ACORD 125 forms in three simple steps.
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1. Upload your ACORD 125 form
Send your ACORD 125 form via email or directly upload it to your Parseur mailbox.
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2. AI data processing
Parseur’s AI recognizes and extracts key fields from your form, such as applicant information, insurance history, coverage requests, and more, with high accuracy.
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3. Automated export
Export the extracted data into structured formats like CSV, Excel, or integrate directly with your insurance management system for seamless integration.
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What fields can Parseur extract from ACORD 125 forms?
Here are the most commonly extracted fields from the ACORD 125 applications. Parseur also allows you to tailor the extraction to suit your specific needs, including custom fields.
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Sample value
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Text (multi-lines)
ApplicantName
The name of the applicant business.
Bright Horizons Landscaping, Inc.
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Text (multi-lines)
FEIN
The Federal Employer Identification Number for the applicant.
12-3456789
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Text (multi-lines)
ContactName
The primary contact for the business.
Jonathan Parks
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Text (multi-lines)
PolicyNumber
The current insurance policy number.
SGH-12345-2024
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Date
ExpirationDate
The expiration date of the existing insurance policy.
Tue Dec 31 2024 00:00:00 GMT+0000 (Coordinated Universal Time)
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Text (multi-lines)
CoverageType
The types of coverage requested in the insurance application.
General Liability, Property Coverage, Commercial Auto, Workers' Compensation
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Text (multi-lines)
AnnualRevenue
The annual revenue of the business.
$2,000,000
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Table (list of items)
ClaimHistory
A list of claims made in the last 5 years.
date type paid_amount April 12, 2022 Property Damage $12,000 October 5, 2020 Liability $8,500
Why use Parseur for ACORD 125 Commercial Insurance Application forms?
Automating the extraction of data from ACORD 125 forms brings numerous benefits to insurance providers and brokers, improving both speed and accuracy.
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Speed and Efficiency
Parseur allows for immediate data extraction from ACORD 125 forms, cutting down the processing time and ensuring quicker decision-making.
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High Accuracy
Reduce human error in data entry with Parseur’s AI-powered OCR technology that ensures high-quality extraction of complex data fields.
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Seamless Integration
Integrate the extracted data directly into your insurance management system, CRM, or export to other platforms for smooth operations.
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Cost Reduction
By automating form processing, you can reduce operational costs and increase productivity by eliminating the need for manual data entry.
I'm very impressed with the AI engine.
FAQ about ACORD 125 processing
All your questions about ACORD 125 automation answered.
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Parseur integrates seamlessly with platforms like Zapier and Make, enabling easy exports to your insurance management system or other CRM tools.
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Yes, Parseur allows you to customize the parsing rules and extract fields beyond the standard ACORD 125 fields.
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Parseur follows industry-standard encryption and security practices to protect your sensitive data at every step of the process.
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Setup is fast and simple. You can be extracting data from ACORD 125 forms in less than an hour.
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Yes, Parseur is built for high-volume processing, handling thousands of ACORD forms efficiently without compromising accuracy.
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Parseur supports over 60 languages, so it can easily process ACORD forms in languages such as Spanish, French, German, and more.
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Thousands of companies from all around the world already trust Parseur with their data extraction processes. Join them today!
