ACORD 155

The ACORD 155 commercial property loss notice standardizes how property claims are reported to insurance carriers. The form captures incident details including date and cause of loss, affected property descriptions, estimated damage amounts, and contact information for involved parties.

For COI compliance, the ACORD 155 connects to the broader compliance lifecycle. When insured events occur at managed properties or on project sites, proper claims reporting through standardized forms ensures that the coverage verified during COI review actually functions when needed.

Compliance teams should understand that effective claims reporting supports the overall compliance framework. Tracking which vendors or tenants have filed claims—and whether those claims fell within the coverage verified on their certificates—validates the compliance program's effectiveness. Additionally, claims activity may trigger policy cancellations or non-renewals that create future compliance gaps requiring proactive monitoring.