Big I Members Get Free Access to ACORD Forms
First a significant tax cut and now ACORD forms. Your association is constantly working to benefit you where it helps the most: your bottom line.
Beginning January 1, 2020, ACORD will begin charging all users of ACORD forms a fee. Currently, most users of ACORD forms have access via their agency management systems. In light of this development, the Independent Insurance Agents and Brokers of America (IIABA) negotiated an agreement with ACORD whereby your association will pay ACORD an annual fee for use of the forms, and all Big I member agencies with $50 million or less in revenue will have "free" access to the ACORD forms. This is a new and significant benefit for Big I members!
"Industry-standard forms are a critical component of an independent agent's business," said Bob Rusbuldt, Big I president & CEO. "With this licensing program, the Big I is helping our members improve their operational effectiveness. We are proud to play a key role in facilitating the delivery of these assets to our members and to further enhance the value of their Big I membership."
Non-Big I members, at this time, will have to pay fees to ACORD.
Below is a list of frequently asked questions that you or your staff may have regarding this exciting new member benefit.
What has changed with ACORD form and agent access?
ACORD has been maintaining a complete library of forms for our industry for almost 50 years - They are working through updated agreements with their management system partners. ACORD will be charging new fees for the users of their forms, beginning on January 1, 2020.
How does this affect Big I member agencies?
The Big I has worked to ensure their members are covered and will not incur fees when accessing needed ACORD forms. All Big I members with less than $50 million in revenue will get the forms free as part of their Big I membership.
Does this affect my current agency workflow?
No - Agents will still access forms via their agency management system workflow as they have previously.
How will ACORD know that I am a Big I member agency?
Big I staff is working with ACORD to validate Big I membership through our databases - This validation will be transparent to agency users.
What if I have questions or need further help?
More background on ACORD Forms is available at www.acord.org/forms, and members can also call ACORD directly at (845) 620-1700.
Read more in a press release from ACORD announcing the partnership with the Big I. If you have questions or need more information, please let me know. Thank you for your continued support and membership in the Indiana Big I.