Glossary
Certificate of Insurance (COI)
Definition
A certificate of insurance is a one-page summary, usually on an ACORD form, that proves a party carries specific insurance coverage with stated limits and dates.
Why it matters operationally
A COI is only useful while it's current. If a vendor's coverage lapses and an incident occurs, the liability can land on you. Tracking expirations and required limits is the recurring job.
Example
A facilities vendor provides an ACORD 25 showing $1M general liability expiring in eight months.
Handle certificate of insurance (coi) in a workflow
Track insurance certificates before they expire.