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The video explains the importance of a Certificate of Insurance (COI) for companies and introduces the commonly used Accord 25 form. This form provides a standardized single-page summary of insurance details such as coverage, effective dates, and policy limits. It is crucial to understand that a COI is just proof of insurance and simplifies access to key information. Different editions of the Accord form may vary, but a template is provided for download in the video description to help viewers better understand the components of a complete COI.
