Talisman Casualty Insurance Offers Small Contractors General Liability Coverage with Unique Claims Management
Talisman Casualty Insurance Company, a protected cell captive insurance company in Nevada, has revealed that they are offering a pet care professional insurance program. As pet owners and pet lovers, the company wanted to build a program that is addressing the unique needs of pet-related businesses which is growing so rapidly that it is called the Pet Economy.
Pet-related businesses are expanding into many new and unique concepts. The desire to start a side business has given a rise to countless small businesses with few employees such as dog walkers, groomers, trainers, and boarders, who have few employees if any, to address the surge in pet purchasing or adopting. These business owners need specialized coverages such as care, custody, and control, or lost homeowner key protection. The captive insurance concept allows a different relationship between the carrier and the insured, and it also allows a form of regulated self insurance. This program combines unique Talisman claims management, risk management expertise, and a high degree of interaction between the insured, the underwriters, and the claims personnel.
A spokesperson for Talisman Casualty Insurance Company explains, “Talisman Casualty Insurance Company (Las Vegas, NV), is a protected cell captive insurance company domiciled in Nevada who serves the specialty insurance sector by offering protected cells to underwriters who have existing books of business and need a regulated vehicle to transfer risk and direct access to capacity through reinsurance and alternative risk finance markets. All coverage provided by Talisman is commercial and is only available to those businesses who participate in an underwriting cell.”
He continues, “Program business is perfect for the segregated cell insurance structure. The need to fine tune a niche model with the ease and flexibility of modifying underwriting methodology, risk management, and risk ceding allows for the tailoring of programs which can provide opportunities for managing general agencies, associations, industry groups, and any other sector of the market where the capacity has been restricted or products are not specialized enough to meet the needs of an increasingly fragmented marketplace.”
For instance, for dog walkers and pet sitters, the captive program can provide them with a peace of mind because it allows them to manage their business risks at a cost that still grants them to be competitive. Also, the coverage options allow for adjustments when business risk changes. This coverage can also be provided to pet trainers, and businesses which handle animals for detection or police work. The range of pet-related businesses is vast and include everything from pet retail stores, restaurants, massage, meditation, poop abatement, and many more.
The cell captive is similar to a mutual where the policyholders own the company. Talisman’s model uses enhanced efficiencies through technology and a flat management structure to achieve cost savings, which can be passed along to the captive cell’s participants through lower rates or dividends.
Aside from the small business general liability program, Talisman Casualty Insurance Company also offers a surety program and a marine program. The surety program offers various kinds of surety bonds. While surety is not actually insurance, it is mostly provided by the insurance industry. The kinds of bonds offered include the payment and performance bonds, compliance and licensing bonds, and court and legal bonds.
Talisman Casualty Insurance Company also offers a marine program, which is for small to medium sized marine accounts and provides hull, protection & indemnity, maritime employers liability, and comprehensive general liability. Hull insurance is for protection against damage to a marine vessel. Protection and indemnity coverage is liability insurance for practically all types of maritime liability risks related to the operation of a vessel, other than that provided by a workers compensation policy and under the collision clause of a hull policy. Commercial general liability is for protection against claims of liability for property damage, bodily injury, and personal and advertising injury.
By providing the business owner direct access to reinsurance markets, where capacity and security is often less expensive than direct standard carriers can offer. Those who are interested in Talisman casualty reinsurance may want to visit the Talisman Casualty Insurance Company website, or contact them through the telephone or via email.
For more information about Talisman Casualty Insurance Company, contact the company here:
Talisman Casualty Insurance Company
Talisman Casualty Insurance Company
7881 W. Charleston Blvd, Suite 210 Las Vegas, NV 89117