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In this video, the concept of a Certificate of Insurance (COI) is explained, emphasizing its importance for companies. The most commonly used type is the Accord 25 form, which includes essential details of insurance policies on a standardized single-page form. It serves as proof of insurance and summarizes key information such as coverage type, effective date, and policy limits. It is noted that there are various editions and versions of the Accord form. To assist with understanding, a COI template is provided for download in the video description.
