Talisman Casualty Insurance Company LLC Explains Captive Cell Insurance
December 19, 2022 at 23:25
Carson City, Nevada -
Las Vegas, Nevada-based insurance company Talisman Casualty Insurance Company LLC is reaching out to the wider community to explain captive cell insurance and the other services they offer. Talisman Casualty Insurance Company is a specialized insurance company that provides clients with an alternative risk transfer option for liability and property insurance.
As Talisman Casualty explains, captive cell insurance is an insurance structure wherein an insurance company (wholly owned and controlled by its insureds) is created with the primary purpose of insuring the risks of its owners. This model allows the insureds to benefit from the captive insurer’s underwriting profits. While a captive insurer has some similarities to a mutual insurance company, it is not exactly the same. Captive cell insurance provides insureds more control over the insurance company.
Talisman Casualty Insurance Company LLC explains that if it is properly structured and managed, captive insurance can actually provide lower premiums. It is also flexible and can expand capacity where it is needed. Within this model, some risk that may be considered uninsurable can work within a captive by providing participants and their sponsors direct access to reinsurance markets. In addition to its flexibility and efficiency, captive insurance also has the added benefits of being quick to set up (and disband) and ensuring that sophisticated insureds no longer have to pay premiums based on non-correlated factors of the market and can allow their own risk management efforts to be rewarded with pricing that reflects better experience.
A representative for Talisman Casualty Insurance Company says, “Captive cell insurance can be complicated, and if you want to execute it well, you need to work with a world-class insurance company. That’s Talisman Casualty. We have proven ourselves one of the leading insurance providers for anyone who wants alternative risk transfer options that are refined, sophisticated and in line with modern standards. We are able to provide that and cater to each unique situation our clients face with our captive insurance setup. Our policies and bonds are duly licensed, regulated and authorized insurance transactions governed by the laws of the state of Nevada.”
Talisman Casualty explains that they utilize claims technology that substantially boosts the efficiency of the claims process because it can be streamlined within the cell, providing participants a high level of service. Participants in the cell captive are owners, and the close relationship between the insured participant and claims professionals allows quicker response and resolution to claims which could lead to litigation. Learn more at the following link: Talisman Casualty Lawsuits.
The company’s comments on its excellence are backed up by their proven track record of success as a captive premium insurer. Talisman Casualty Insurance Company LLC has over 7,006 captives licensed worldwide and a staggering $55 billion of global captive premiums. Just within Nevada, where Talisman Casualty Insurance Company operates, the company has over 204 captives licensed and over $4 billion captive premium.
In addition to captive cell insurance programs, Talisman Casualty Insurance Company LLC offers surety programs, marine programs and pet professional programs. Across their many services, the company employs insurance industry veterans who have many years of experience. The Talisman Casualty team is one that is committed to delivering excellent results for their clients. To that end, each client can pick and choose what works for their situation and completely be in control of the process throughout because they will have direct access to a qualified representative at all times.
The company’s representative says, “When you work with us, you are taking control of your insurance experience. From the initial consultation you have with us, through the setting up of the captive insurance, and all the way till you are done with our services, you will be working directly with a representative of Talisman Casualty who will guide you through the whole process. Your satisfaction is our priority.”
Those curious about Talisman Casualty Insurance Company or the range of services provided by the captive insurance company should visit their official website for more information. The company encourages people to get in touch with their team via the contact form on their website, their direct phone line, or their email address for any questions or clarifications. Social media users can interact with Talisman Casualty Insurance Company on Facebook where they post updates and more.
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