What it does

IL DS 00 is the common declarations page that ties a commercial policy together. It shows:

• The Named Insured, mailing address and business description.
• The policy period, beginning and ending at 12:01 A.M. standard time at the insured's mailing address.
• The coverage parts included, with a premium for each. Listed parts include Capital Assets Program, Commercial Automobile, Commercial General Liability, Commercial Inland Marine, Commercial Liability Umbrella, Commercial Property, Crime and Fidelity, Employment-Related Practices Liability, Equipment Breakdown, Farm, Liquor Liability, Medical Professional Liability and Pollution Liability.
• Total premium and how it is payable.
• The forms applicable to all coverage parts, and a countersignature area.

The declarations state that the premium "may be subject to adjustment", which reflects audit and rating provisions. Each coverage part also has its own declarations, for example CP DS 00 for commercial property.

Quoting and selling notes

• Check the named insured (exact legal names of all entities), mailing address and policy period against the application and any contract or lender requirement.
• The business description should match operations. Misdescription invites coverage disputes and audit surprises.
• Confirm that every coverage part quoted appears with a premium, and that the forms list includes the state amendatory and terrorism forms.