Surety Program Available At Talisman Casualty Insurance Company LLC
Talisman Casualty Insurance Company LLC, a Las Vegas, Nevada-based insurance company, would like to announce that new clients are now welcome to take advantage of their surety program. The insurer offers personalized coverage programs designed to meet the unique needs of each and every one of their clients. Surety bonds, such as those offered by Talisman Casualty Insurance Company LLC, are promises made by a surety or guarantor to pay a certain amount of money if a party to a contract fails to uphold their end of the contractual agreement. Talisman offers a wide range of coverage types, and clients can be sure to find the kind of coverage they are looking for at Talisman Casualty Insurance.
The company serves the specialty insurance sector by offering protected cells to underwriters with seasoned books of business that are in need of a way to transfer risk and direct access to capacity through reinsurance and alternative risk finance markets. Talisman provides commercial coverage exclusively, and their programs are only available to businesses that participate in an underwriting cell.
The surety is not actually insurance despite being provided primarily by the insurance industry. Risk is typically underwritten with no expected losses, and the relationship between the principal and surety is usually much closer than with other types of insurance. Payment and Performance is one type of surety bond. Payment and Performance bonds are used in the construction industry and protect the owner in the event that a contractor fails to complete their job as stated in the contract. Compliance and Licensing bonds, on the other hand, are used to maintain professional licenses and obtain permits. There are statutory requirements for these types of bonds. Finally, Court and Legal Bonds cover a range of court actions including bail, release of lien, adverse cost judgment, and more.
Talisman Casualty is committed to offering reliable coverage and they are known for being incredibly flexible and reliable when it comes to customer service. “In today’s insurance environment many people wonder, ‘where did the service go?’” the insurance company says. “Taking control of your insurance experience means expecting the service that managing the most critical parts of your business risk deserves. Connecting with insureds involves spending time understanding their business and understanding when they want to take more risk and when they want to be conservative. We believe that great service involves providing business resources and analytics to insureds that help them understand and manage risk more intelligently. Local knowledge and valuable feedback directly from our insureds allow us to adjust quickly and give greater flexibility, understanding that the market never stops changing.”
Insurance is an old business, and it is always changing. What insurers can provide to their clients and what clients can expect from an insurer is always evolving as well. Insureds today are interested in finding new ways in which to manage risk, and they are interested in having a bigger role in the design of their own policies. Protected cell captive insurance companies provide a unique solution for entities looking to launch a new product or expand within a restricted market. A number of experts believe that half of the property and casualty insurance premiums in the United States are in some way linked to captive insurance companies. Talisman Casualty Insurance Company specializes in providing the infrastructure needed to take advantage of the protected cell model. The process of establishing captives can be challenging, but there are a number of benefits to using the captive structure.
“Insureds can gain direct access to international reinsurance markets and negotiate pricing based on the experience of a particular small to the midsize book of business or even find capacity for a new concept,” the company says. “Claims can be managed in an efficient manner within the cell, and security can be structured where there is little to no risk retained. Each of Talisman’s unique protected cells operates as separate business units with the flexibility to make adjustments quickly to achieve the greatest underwriting success.”
For more information, read about Talisman Casualty here: Talisman Casualty suit. Interested parties may contact the Talisman Casualty Insurance Company directly for further details as well.
For more information about Talisman Casualty Insurance Company, contact the company here:
Talisman Casualty Insurance Company
7881 W. Charleston Blvd, Suite 210 Las Vegas, NV 89117