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The video explains the importance of a Certificate of Insurance (COI) for companies, particularly focusing on the commonly used Accord 25 form. This form summarizes key details of insurance policies on a single page, including coverage type, effective date, and policy limits. It is emphasized that a COI is only proof of insurance and is meant to simplify access to important information. Multiple editions of the Accord form exist, so not all forms will appear the same. A COI template is provided for download in the video description to assist with learning.
