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In the video tutorial, the concept behind a Certificate of Insurance (COI) was discussed as a vital document for companies. The most commonly used type is the Accord 25 form, which summarizes essential details of insurance policies on a single standardized page. It is crucial to understand that a COI is just proof of insurance, meant to consolidate key information such as coverage type, effective date, and policy limits. Various editions and versions of the Accord form exist, so not all will appear the same. A COI template for reference is provided in the video description for easy access and understanding.
