Talisman Casualty Insurance Company LLC Offers Range Of Services To Local Community
Talisman Casualty Insurance Company LLC, based in Las Vegas Nevada, is pleased to be offering a range of services to their local clientele. The company is a protected cell captive insurance provider that serves the specialty insurance sector.
Talisman primarily offers protected cells to underwriters who have long-serving books of business and are in need of a regulated vehicle to transfer risk and direct access to capacity through reinsurance and alternative risk finance markets. The coverage provided by Talisman is solely intended for commercial clients and is available to businesses who participate in an underwriting cell. The company also offers local businesses tailored claims management options. The company utilizes several different claims management service providers to ensure efficient claim processing for each of their cell programs. A delegated claims authority is only available to firms who have extensive claims management experience, have an in-depth knowledge of the local market where claims are made, and who guarantee a high standard in ethics and integrity throughout their operations.
Swiftly advancing technology has brought on many benefits which are introduced to the claims process as it can be streamlined within the cell, giving participants an even higher standard of service. Claims management of captive cells rely on the efficient and modernized claims technology which provides an owner with immediate feedback of the overall impact of claims, and the time needed to adapt can be decreased due to the simple aggregation of data within a cell captive. As claims account for the majority of a captive’s expenses, an organized claims management practice is an aspect in which captives distinguish themselves from most traditional insurers. For a Talisman Casualty suit, the company is dedicated to staying informed of the latest developments, and also maintaining the latest technology in order to provide an outstanding service to their clientele.
The company also points out that utilizing local adjusters who meet the necessary ethical and competent criteria gives participants the best claims experience. Proprietary Claims Software can also be integrated into a cell captive program without incurring the high expenditure associated with licensed software (which are primarily aimed at large commercial insurers).
Talisman provides an alternative risk transfer option for liability and property insurance. Their insurance policies and bonds are licensed, regulated and authorized insurance transactions and are held accountable under state law in Nevada. Bonds and insurance policies are made available to principals who join as participants by validating a participation agreement and therefore becoming a shareholder. By offering participants access to such regulated structures, they are then able to access international reinsurance markets and potentially see a decrease in their insurance cost while enhancing coverage to fit the objectives of their specific business. All Talisman capital, surplus, reserves, and financial records are maintained according to the mandated provisions and regulations in NRS Chapter 694 C.
Talisman’s Rent-a-Captive option is a recommended choice for those who wish to avoid managing the insurance functions of a cell captive. This allows the client to be free of this burden as Talisman handles all aspects of it on their behalf. The Associated PCC option is a protected cell for companies or businesses who do not wish to set up their own captive. The company also offers niche products. The PCC structure can be ideal for niche products, such as extended warranty, or to serve as a reinsurer for non-traditional insurance offerings as well. They explain that they offer business owners in the state of Nevada a flexible and tailor-made form of insurance coverage. Talisman acknowledges that a standardized approach will not bear results that are as efficient at lowering their clients’ costs when compared to the lowered cost associated with smaller, self-insured homogeneous groups with better risk profiles. This is a vital element in their business models, as captive insurance is a better option for lower premium costs and expanding capacity when managed correctly.
A highlight of the services provided by Talisman is the efficiency with which they can establish themselves within a company. As the company is already in existence, Talisman is able to integrate their services seamlessly, and their cells only serve to segregate a new risk. This also allows Talisman to direct their efforts on tailoring these cells according to the specific criteria requested by their clientele. Once a cell is no longer needed, the run-off process can be completed conveniently and swiftly.
To learn more about the services provided by Talisman Casualty Insurance, one may visit the official website. They may also be contacted directly via phone or email.
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