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Cypress Insurance Group

Insurance, United States, Florida, Fort Lauderdale

Cypress Insurance Group: Your trusted partner in risk management and insurance solutions, providing personalized service and expert guidance to protect what matters most.

About Cypress Insurance Group

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, Florida state
Official Website
http://www.cypressins.com
Location Address Official Phone Email
United States of America, Florida state United States, Florida, Fort Lauderdale **** ****
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FAQs – Cypress Insurance Group

Can exclusions be removed from a policy?

Some exclusions can be removed or modified through riders or endorsements by paying an additional premium. However, certain exclusions, such as fraud or war-related losses, are typically non-negotiable and remain standard across most policies.


Does business property insurance cover equipment breakdowns?

Standard policies don’t cover mechanical failures, but equipment breakdown insurance can be added to cover repair or replacement of essential business machinery.


Are dividends guaranteed with whole life insurance?

No, dividends are not guaranteed, though many policies provide them based on the insurer’s performance. They can be used to purchase additional coverage or accumulate as cash.


How does insurable interest affect business insurance?

Business owners have insurable interest in company assets, employees, and key personnel. For example, key person insurance covers financial losses if a vital employee or executive passes away, ensuring the business remains financially stable.


How does risk assessment help in claims management?

Risk assessment helps insurers predict potential claims, set appropriate reserves, improve underwriting decisions, and develop strategies to prevent excessive losses.


Are there laws regulating insurance advertising?

Yes, consumer protection laws require insurance advertising to be truthful and not misleading. Advertisements must clearly disclose policy terms, costs, exclusions, and any conditions affecting coverage to prevent deceptive marketing practices.


What is a policy limit in public liability insurance?

A policy limit is the maximum amount an insurer will pay for claims. It may be set per claim, per year, or both, depending on the policy terms.


Can I adjust my premium payments with universal life insurance?

Yes, universal life insurance allows policyholders to increase, decrease, or skip premiums if there is sufficient cash value in the policy.


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