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In this video, the concept of a Certificate of Insurance (COI) is explained, highlighting the importance of companies having one. The Accord 25 form is the most commonly used type of COI, containing essential details of insurance policies on a single page. It is emphasized that a COI is proof of insurance intended to summarize key information like coverage, effective date, and policy limits. Different versions of the Accord form exist, so not all forms will look the same. A COI template is provided for download to simplify the process.
