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In this video tutorial, the concept of a Certificate of Insurance (COI) is explained, highlighting the importance for companies to have one. The most commonly used type of COI is the Accord 25 form, which condenses important insurance policy details onto a single page. It is emphasized that a COI serves as proof of insurance and summarizes key coverage information, including type, coverage details, effective dates, and policy limits. Different editions of the Accord form may vary in appearance, but a template is provided for download in the video description to aid in understanding.
