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Any site risk mitigation strategy should include a procedure to track and review Certificates of Insurance (COI). The appropriate site manager should ensure that a COI is collected from any vendor and contractor working on your site as well as any tenant with a renter’s insurance policy.
The COI is usually issued by an insurance broker on an Acord 25 (Certificate of Liability Insurance) form to confirm the existence of an insurance policy and relay some of its basic terms.
