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In this video, we learn about what a Certificate of Insurance (COI) is and why it is important for companies. The most commonly used type of COI is the Accord 25 form, which summarizes key insurance policy details on a single page. It is essential to understand that a COI is only proof of insurance and serves to provide quick access to important policy information such as coverage type, effective date, and limits. It is important to note that there are various editions of the Accord form, and not all forms will look the same. A COI template is provided in the video description for easy access and download.
