In one of our last videos, we explained what is a COI and why most companies need them. Now, that we already know the concept behind it, in this video I'm going to walk you through every single component that make up a complete certificate of insurance.
The most commonly used type of Certificate of Insurance, COI, is the Accord 25 form and it contains all the most pertinent details of your insurance policies on a standardized, single-page form.
It is important to note that this is just a proof of insurance. A COI is simply intended to summarize and streamline access to the most important information in your policy, including the type of coverage, who it covers, the effective date of the policy, and the policy limits.
Note: There are many different edition dates and versions of the ACORD form, so not all forms will look the same. To facilitate learning, we will provide a COI template in the description below. Just click the link and download the file to your computer.
