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Contracts & Legalaka: COIaka: insurance certificateaka: ACORD certificate

Certificate of Insurance

In Plain English

A document proving that a contractor has the required insurance coverage.

Definition

A certificate of insurance (COI) is a document issued by an insurer summarizing the key terms of a contractor's insurance policies, including coverage types, limits, and policy expiration dates. Owners and general contractors require COIs from contractors and subcontractors before allowing them to perform work. The COI confirms that required insurance is in force but is not a guarantee of coverage.

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