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In our previous video, we discussed the importance of Certificate of Insurance (COI) for companies. The most commonly used form is the Accord 25, which summarizes insurance policy details on a single page. It is vital to understand that a COI is proof of insurance and not the actual policy. The key information it provides include coverage type, effective date, and policy limits. Different versions of the Accord form exist, so not all will look identical. To help with understanding, a COI template is provided for download in the video description.
