Instafill.ai
7 days free
AI form filling · 183 fields · 1 page · done in seconds

Yes! You can use AI to fill out ACORD 159, Business Income Worksheet

Don't type 183 fields by hand. Tell our AI about yourself, or upload a document you already have, and it fills every field in seconds. You check it, then download, print or sign.

7 days free, then $19.99/month · Cancel anytime
AI fills it, no typingEncrypted, never used to train AICancel in two clicks
ACORD 159, Business Income Worksheet, page 1
Moderate · 62/100Form Complexity Index

The AI does the filling. You just check it.

No typing into boxes, nothing to install.

Tell the AI about youAnswer a few questions in plain words, or upload a document you already have. That is all the typing there is.
AI fills every field in secondsIt puts each answer in the right box on every page, checkboxes included.
Check it and downloadReview every field, change anything, then download, print or sign the PDF.

What this form asks for

The AI fills all of it, from your answers or your documents.

ACORD 159 is a standardized insurance form used by agents and carriers to document a schedule of property limits for a business. It provides a detailed breakdown of property values, locations, and desired coverage, which is crucial for underwriting commercial property and business income insurance. Today, this form can be filled out quickly and accurately using AI-powered services like Instafill.ai, which can also convert non-fillable PDF versions into interactive fillable forms.
Fillable fields183
Pages1
Form Complexity IndexModerate, 62/100

The AI checks your answers before you download

12 checks built for this form, so a wrong date or a missing answer is caught before anyone else sees it.

Verifies Sum of Property Limits Matches Total

This validation calculates the sum of all individual property limit amounts (`StatementOfValues_Premises_LimitAmount_A` through `_N`) and compares it to the value in the `StatementOfValues_Premises_TotalLimitAmount_A` field. This is a critical integrity check to ensure the total declared value is accurate and matches the itemized schedule. A mismatch should generate a high-priority error, blocking submission until the discrepancy is resolved.

Validates Date Fields for Format and Plausibility

Checks that `Form_CompletionDate_A` and `Policy_EffectiveDate_A` are in a valid MM/DD/YYYY format and represent actual calendar dates. This ensures data consistency and prevents errors in policy term calculations. A submission with an invalid date format should be rejected, while a date in the distant past or far future might be flagged for manual review.

Ensures Valid NAIC Code Format

Validates that the `Insurer_NAICCode_A` field contains a 5-digit numeric code. The NAIC code is a standard, unique identifier for insurance carriers, and an incorrect format can lead to misidentification of the carrier and processing failures. Submissions with invalid NAIC codes should be flagged for correction.

Enforces Single Coinsurance Percentage Selection

Verifies that only one of the primary coinsurance percentage indicators (`EightyPercentIndicator`, `NinetyPercentIndicator`, `OneHundredPercentIndicator`, `OtherIndicator`) is selected. Selecting multiple options is logically inconsistent and would make the policy terms ambiguous. If more than one is selected, the form should display an error and require the user to choose only one option.

Requires Percentage for 'Other' Coinsurance

Checks that if `StatementOfValues_Coinsurance_OtherIndicator_A` is selected, the corresponding `StatementOfValues_Coinsurance_OtherPercent_A` field is not empty and contains a valid numeric percentage. This ensures that selecting the 'Other' option results in a specific, usable value for rating and policy issuance. Failure to provide the percentage should prevent submission.

Requires Description for 'Other' Cause of Loss

Validates that if `StatementOfValues_CauseOfLoss_OtherIndicator_A` or `_B` is selected, the corresponding description field (`_OtherDescription_A` or `_B`) is not empty. This is crucial for understanding the specific, non-standard coverage being requested. A missing description makes the selection meaningless and should trigger an error requiring user input.

And 6 more checks
  • Ensures Completeness of Listed Properties
  • Requires Insured/Applicant Name
  • Validates Producer Email Address Format
  • Validates State/Province Code Format
  • Verifies Limit of Insurance is a Numeric Value
  • Validates Pagination Integrity

Let AI fill out your ACORD 159

No typing. Every field filled in seconds, checked, ready to sign.

7 days free, then $19.99/month · Cancel anytime

How to Fill Out ACORD 159 Online for Free in 2026

What the AI walks you through.

  1. Navigate to Instafill.ai and upload or select the ACORD 159 Business Income Worksheet.
  2. Provide the agency, carrier, and insured/applicant information, including names, addresses, and policy details.
  3. Specify the coverage details, including the desired coinsurance percentage and the applicable causes of loss (e.g., Basic, Broad, Special).
  4. Complete the 'Schedule of Property Limits' by entering the address, description, class code, and insurance limit for each business property.
  5. Use the AI tool to accurately list multiple property locations and their corresponding values, ensuring all fields are correctly populated.
  6. Review all the information entered by the AI for accuracy, making any necessary corrections to ensure the property schedule is complete.
  7. Download, print, or securely submit the completed ACORD 159 form to the relevant parties.

Common Mistakes in Completing ACORD 159

The ones the AI is built to catch.

Inconsistent Location and Building Identifiers
This form requires unique 'LOC #' and 'BLDG #' for each property listed. Applicants often reuse numbers, leave them blank, or create a non-sequential system, which happens when manually transcribing from different sources. This ambiguity can lead to misapplication of coverage limits or confusion during a claim, potentially leaving a high-value location underinsured. To avoid this, assign a clear, unique, and sequential identifier for each distinct location and building being insured.
Using a Mailing Address for a Physical Property
Applicants sometimes enter their corporate headquarters or a P.O. Box in the 'ADDRESS' field for a specific property, instead of its actual physical location. This mistake is critical because insurance is location-specific; coverage is tied to the address on the policy. An incorrect address can mean a property is not actually covered, leading to a complete denial of a claim. Always use the precise street address for each property listed in the schedule.
Misunderstanding Coinsurance Percentage
The 'COINS %' selection (e.g., 80%, 90%, 100%) is a crucial and often misunderstood field. Applicants may select a percentage without understanding its impact, often choosing the one that seems to offer the lowest premium. This can lead to a significant coinsurance penalty if the property is underinsured at the time of a loss, meaning the policyholder will have to pay a much larger portion of the loss out-of-pocket. It is vital to discuss this with an insurance professional to choose a percentage that aligns with the property's valuation.
Manual Calculation Errors in Total Limits
The form requires summing up the 'LIMITS OF INSURANCE' for all listed properties to arrive at a 'TOTAL'. When dealing with numerous locations, the risk of manual arithmetic error is high. A simple miscalculation can result in an incorrect total insured value, affecting the overall policy premium and potentially leaving the business exposed if the total limit is too low. Using a spreadsheet or an automated tool to sum the values before entry is a reliable way to prevent this.
Omitting or Using Incorrect Property Codes
Fields like 'CLASS CODE' and 'SUBJECT' (Subject of Insurance) require specific industry-standard codes to classify the property and the type of coverage requested. Applicants often lack access to or knowledge of these codes and may leave the fields blank or guess. Incorrect codes can lead to improper risk assessment by the carrier, resulting in inaccurate premiums or, in a worst-case scenario, a policy that doesn't cover the intended exposures.
Selecting Inappropriate 'Causes of Loss' Coverage
The checkboxes for 'APPLICABLE CAUSES OF LOSS' (Basic, Broad, Special) define what perils the policy covers. An applicant might select 'Basic' to minimize cost, not realizing it excludes many common risks like theft or water damage. This misunderstanding becomes a major issue during a claim, which may be denied if the cause of loss is not covered under the selected form. Always review the differences between these coverage levels to ensure the policy adequately protects the business's assets.
Incomplete Agency or Producer Information
The top section of the form requires detailed agency information, including 'AGENCY CUSTOMER ID', 'CODE', and 'SUBCODE'. This data is essential for the insurance carrier to identify the submitting agency and link the application to the correct account. Omitting this information can bring the underwriting process to a halt, causing significant delays as the carrier must manually track down the source of the submission.
Data Formatting Errors
The form specifies formats for certain fields, such as 'DATE (MM/DD/YYYY)'. Users often enter data in different formats (e.g., DD-MM-YY, YYYY/MM/DD) out of habit, which can cause errors when the data is ingested into the carrier's digital systems. These inconsistencies can lead to processing delays or incorrect effective dates on the policy. AI-powered form-filling tools like Instafill.ai can help prevent this by automatically validating and formatting data to match the required specifications.
Failing to Properly Paginate Multi-Location Schedules
The 'PAGE X OF Y' fields are frequently overlooked, especially when the schedule spans multiple pages. If pages are not numbered correctly, a page could be lost or processed out of order, resulting in some properties being unintentionally omitted from the policy. This could leave millions of dollars in property value uninsured. For any submission longer than one page, it is critical to ensure the page numbers are filled out accurately.
Ambiguous or Vague Property Descriptions
The 'DESC:' field next to each address is for describing the property. Applicants often provide generic descriptions like 'Building' or 'Warehouse', which is insufficient when a single location has multiple structures. A vague description creates ambiguity for underwriters and can cause confusion during a claim adjustment. The description should be specific enough to uniquely identify the insured property, such as 'North-facing brick warehouse' or 'Two-story office building'.

Frequently Asked Questions About ACORD 159

 

Is it really free for 7 days?
Yes. You pay $0 today. Cancel before Nov 17 and you are never charged. Keep it, and it is $19.99 a month for 5 fills of your ACORD 159.
Can I fill other forms too?
This plan is for your ACORD 159: your own AI agent fills it as often as 5 times a month. To fill other forms and upload your own, choose a Professional plan from your account.
How do I cancel?
From your account, in two clicks, any time. No email, no call.
How does the AI fill out ACORD 159?
You answer a few questions in plain words, or upload a document you already have. The AI reads what you give it and puts each answer into the right field of ACORD 159, on every page, in seconds. It checks the answers against the form's own rules, and you review and change anything before you download, print or sign.
What happens to my information?
It is encrypted in transit and at rest, and it is never used to train AI.
How complex is ACORD 159 to fill out?
ACORD 159 has a Form Complexity Index of 62 out of 100, in the moderate tier: 183 fillable fields across 1 page. Instafill.ai's AI fills it in under a minute, with every field there for you to review before you download.
What is the ACORD 159 Business Income Worksheet used for?
This form is used to list multiple business properties and their corresponding insurance limits for a commercial property policy. It helps insurers understand the specific values at each location to determine coverage and premiums.
Who needs to fill out this form?
This form is typically completed by an insurance agent or broker on behalf of a business owner (the applicant) who is applying for commercial property insurance covering multiple locations or significant assets.
What information do I need to have ready to complete this form?
You will need the full address for each property, a description of what is being insured (e.g., building, contents), and the desired insurance limit for each item. You should also know the desired coinsurance percentage and causes of loss coverage.
How do I fill out the 'SCHEDULE OF PROPERTY LIMITS' section?
For each property you want to insure, enter its full address, a brief description, and the specific insurance limit amount in a separate row. If you have more properties than spaces, use an additional copy of the form.
What does the 'APPLICABLE CAUSES OF LOSS' section mean?
This section specifies what types of events or perils the policy will cover, such as fire, theft, or natural disasters. You can select from standard levels like Basic, Broad, or Special, or add specific coverages like Earthquake and Flood.
What is the 'COINS %' section for?
The Coinsurance percentage (e.g., 80%, 90%) is the amount of insurance you agree to carry relative to the total value of your property. Fulfilling this requirement helps ensure you receive the full amount for a partial loss.
The form mentions a 'blanket rate' and ACORD 139. What does that mean?
A blanket limit provides a single insurance limit that applies across multiple properties, rather than listing separate limits for each. If you desire this type of coverage, the ACORD 139 form is used to detail it.
Where do I submit the completed ACORD 159 form?
Your insurance agent or broker will submit this worksheet to the insurance carrier as part of your complete commercial insurance application. It provides the underwriter with the property details needed to issue a policy.
Can I use an AI tool to help me fill out this form?
Yes, services like Instafill.ai use AI to help you complete forms like the ACORD 159 accurately and efficiently. These tools can auto-fill recurring information, saving you time and reducing the risk of errors.
How can I fill out the ACORD 159 form online?
You can use a service like Instafill.ai to upload the ACORD 159 PDF and fill it out directly in your web browser. The platform provides an intuitive interface to enter your information into the correct fields and then download the completed document.
My copy of the ACORD 159 is a non-fillable PDF. What should I do?
If you have a flat, non-fillable PDF, you can use a service like Instafill.ai to make it interactive. Simply upload your file, and the AI will automatically detect and create fillable fields for you to complete online.
What are the 'CLASS CODE', 'LOC #', and 'BLDG #' fields for?
These codes are used by insurance carriers for rating and identification purposes. Your insurance agent will typically provide or help you determine the correct codes for your property's construction type (Class), location number (Loc), and building identifier (Bldg).
Encrypted in transit and at restNever used to train AIDelete your forms any time

Get your ACORD 159 filled out by AI

$0 today. Cancel before Nov 17 and you pay nothing.

Other forms like this one

ACORD forms: ACORD 84, Dwelling Fire Application (2013/09), ACORD 140 (2014/12), Property Section (Attach to ACORD 125), ACORD 36, Agent/Broker of Record Change, ACORD 131, Umbrella / Excess Liability Section, ACORD 125, Commercial Insurance Application and ACORD 143, Transportation Section, ACORD 125, Commercial Insurance Application, ACORD 125, Commercial Insurance Application, Applicant Information Section, ACORD 27, Evidence of Property Insurance, ACORD 24, Certificate of Property Insurance, ACORD 28, Evidence of Commercial Property Insurance, ACORD 141, Commercial Insurance Application - Crime Section, ACORD 140, Property Section, ACORD 80, Homeowner Application, ACORD 82, Watercraft Application, ACORD 85, Mobile Home Application, ACORD 160, Property Loss Notice, ACORD 75, Insurance Binder, ACORD 83, Personal Umbrella Application, ACORD 137 CA, Commercial Auto Application - California, ACORD 81, Personal Inland Marine Application (2012/02)

property insurance forms: Martial Arts Studio General Liability and Property Application (Fitness and Wellness Insurance / Philadelphia Insurance Companies) (03/2011), FARM LIABILITY / LIMITED PROPERTY - APPLICATION, Habitational Risks Supplement Application Form, Uniform Mitigation Verification Inspection Form, Evidence of Commercial Property Insurance, ACORD 140, Property Section, ACORD 155, Equipment Breakdown Section, ACORD 27, Evidence of Property Insurance, ACORD 24, Certificate of Property Insurance, ACORD 28, Evidence of Commercial Property Insurance, ACORD 139, Statement of Values, ACORD 160, Property Loss Notice, ACORD 810, Business Income / Extra Expense / Rental Value

business insurance forms: Application for Specific Project Insurance Coverage, Transamerica Life Insurance Company - New Business Cover Sheet, AXIS MEDIA/PROFESSIONAL INSURANCE® PRODUCERS LIABILITY NEW BUSINESS APPLICATION, ACORD 125, Commercial Insurance Application, ACORD 125, Commercial Insurance Application, Applicant Information Section, ACORD 127, Business Auto Section, ACORD 810, Business Income / Extra Expense / Rental Value, ACORD 25 (2010/05), Certificate of Liability Insurance, ACORD 25, Certificate of Liability Insurance (2016/03)

commercial insurance forms: Habitational Risks Supplement Application Form, Record of Advice and Needs Analysis (Non-Life Insurance — Personal and Commercial Lines), ACORD 125, Commercial Insurance Application and ACORD 143, Transportation Section, ACORD 125, Commercial Insurance Application, ACORD 125, Commercial Insurance Application, Applicant Information Section, Evidence of Commercial Property Insurance, ACORD 127, Business Auto Section, ACORD 137 CA, Commercial Auto Application - California, ACORD 140, Property Section, ACORD 155, Equipment Breakdown Section, ACORD 163, Commercial Auto Driver Information Schedule, ACORD 141, Commercial Insurance Application - Crime Section, ACORD 175, Commercial Policy Change Request, ACORD 28, Evidence of Commercial Property Insurance, ACORD 129, Vehicle Schedule (2009/11), ACORD 139, Statement of Values, ACORD 152, Commercial Inland Marine Section, ACORD 185, Restaurant/Tavern Supplement, ACORD 810, Business Income / Extra Expense / Rental Value, ACORD 131, Umbrella / Excess Section

7 days free, then $19.99/month · Cancel anytime