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Elite Insurance Group

Insurance, United States, Florida, Orlando

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

About Elite 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.eliteinsurancegroup.com
Location Address Official Phone Email
United States of America, Florida state United States, Florida, Orlando **** ****
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FAQs – Elite Insurance Group

What is the difference between an insured and a policyholder?

A policyholder is the person or entity that owns the insurance policy and pays the premiums. The insured is the person or entity covered under the policy. While they are often the same person, they can be different—for example, a parent can be the policyholder, while their child is the insured.


How do businesses manage reputational risk?

Businesses manage reputational risk by maintaining transparency, engaging in crisis communication, monitoring public perception, ensuring ethical practices, and having contingency plans to handle potential brand damage.


What happens if my claim amount is lower than expected?

You can negotiate with your insurer, provide additional evidence, or request a reassessment if you believe the payout is unfair.


What does Public Liability Insurance cover?

It covers claims for bodily injury, property damage, and legal costs if a third party holds you responsible for an accident. For example, if a customer slips on a wet floor in your store, the policy may cover medical expenses and legal fees.


How does a universal life insurance policy differ from a term life policy?

Universal life insurance provides permanent coverage with cash value, whereas term life insurance only covers a specific period and does not accumulate any cash value.


What does "underwriting" mean in relation to an insurance policy?

Underwriting is the process by which an insurer assesses the risks of a potential policyholder and determines the terms, coverage, and premiums for their policy.


How does a captive insurance company differ from traditional insurance?

A captive insurance company is owned by the insured business and primarily covers the parent company’s risks. Traditional insurance involves purchasing coverage from third-party insurers who manage multiple clients. Captives allow companies to control premiums, coverage options, and claims, unlike traditional insurers, which operate for profit.


What are the consequences of committing insurance fraud?

Insurance fraud can lead to denied claims, policy cancellations, fines, civil lawsuits, and criminal charges that may result in imprisonment.


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