Talisman Insurance Stresses Advantages of Captive Insurance for Businesses

Talisman Casualty Insurance Company, a company based in Las Vegas, Nevada, wants to emphasize the various benefits of captive insurance for businesses. When captive insurance is properly managed and structured, it can reduce premiums and expand capacity where required. It also provides flexibility, security, customized coverages, a faster setup, and more control. As such, Talisman Insurance is a protected cell captive insurance company that is focused on serving the specialty insurance market.

Talisman Insurance offers protected cells to insurance underwriters that own seasoned books of business and require a regulated vehicle for transferring risk as well as getting direct access to capacity via the reinsurance and alternative risk sector. They have three different programs: a surety program; a marine program; and a small business general liability program.

Talisman Casualty Insurance has become well-known for its captive insurance policies because of the quality of the services that have been provided by their team. This was made possible by the team members having a lot of experience, and they are knowledgeable in offering the proper kind of service for a specific business. In addition, they have cultivated a reputation of setting the gold standard. Thus, when people utilize the services of Talisman Casualty Insurance, they have the benefit of having access to a team that truly understands what is required by a particular client.

The surety program of Talisman Casualty Insurance is based on the protected cell captive insurance model and as such, offers a number of advantages. One advantage is that there are less principals needed to be part of the coverage capacity of a protected cell model. Therefore, the provider is able to offer a more customized service and the bonds made available are sufficiently flexible to be appropriate for the specific requirements of modern business. The protected cell captive insurance model used also ensures that the surety program is dependable. The surety program that they offer has three types of surety bonds: payment and performance bonds, court and legal bonds, and compliance and licensing bonds.

The Talisman Casualty Insurance marine program is based on a philosophy of nurturing long-term relationships with maritime companies and to fully understand their business, risk management practices, and business forecast to make sure that the insurance coverage will be appropriate for the business’ continuously changing risk. They carefully choose the insureds to be included in the program cell. Likewise, they choose the claims adjusters and other service providers to ensure effective and efficient client service. Program risk selection for the marine program starts with accounts that are familiar to the group and they will only establish partnerships with those insureds that have demonstrated good management and safety practices. The marine program is composed of protection and indemnity coverage, hull coverage, and comprehensive general liability coverage.

The Talisman small business general liability insurance is specifically designed for modern small businesses. It is for people who are now working from home and want to reduce the burden of establishing and maintaining a small business, such as the pet business, made up of pet walkers and sitters, trainers, groomers, breeders, agility clubs, hunting clubs, and pooper scoopers. The captive program for pet professionals provides them with peace of mind by enabling them to manage their business risk at an affordable price.

Meanwhile, the cell captive insurance company has also established a Talisman Casualty lawsuit avoidance strategy that is based on claims technology. This claims technology that they utilize can substantially boost the efficiency of the claims process. In addition, they have streamlined the procedure for making a claim within the cell. Those who are part of the cell captive are the owners and the close relationship between the claims professionals and the cell participants allows the claim to be resolved as quickly as possible. This tends to minimize the possibility of a lawsuit.

People who are interested in knowing more about the captive programs offered by Talisman Casualty Insurance may want to visit their website or contact them through the phone or via 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