Talisman Casualty Insurance Surety Program Explained
July 05, 2022 at 16:00
Carson City, Nevada -
Las Vegas, NV-based Talisman Casualty Insurance Company is reaching out to highlight their surety program and explain what it entails to their community. Regardless of how familiar a client maybe with the subject, the firm is ready to provide an exemplary service that rivals or surpasses what they could expect from a traditional insurer. Interested parties are welcome to get in touch with the team today to learn more about the Talisman Casualty Insurance Surety Program.
To begin with, clients should understand that Talisman’s field of expertise is cell captive insurance. Establishing a cell captive gives a business many options they may not have had with a traditional insurer, most notably being the ability to have much more control over their own risk management strategies, control of what is in the policies and so on. Sureties represent an integral part of this, and it can be said that they form much of the backbone of cell captive insurance.
Talisman Casualty Insurance Company explains that a surety, also known as a surety bond, is a legally binding promise by a guarantor (also sometimes known as the surety in this role), to pay one party a certain amount if a second party fails to meet a given obligation. The first party here is known as the obligee, and the second is known as the principal. The ‘obligation’ in question can be any predetermined concept, but it usually refers to the terms of a contract. The point of the surety bond is to protect the obligee against losses resulting from the principal’s failure to meet the obligation.
Businesses that need more flexibility in the design of their bonds stand to gain a great deal from this arrangement, given that a smaller number of principals are typically involved in the captive insurance model. This is due to the fact that these smaller numbers effectively reduce how much negotiation has to take place, and a business can develop a personal relationship with those providing coverage much more readily. Such relationships take time and trust to build, and both are possible with Talisman’s help.
Talisman has been providing expert assistance in cell captive insurance for several years, and they are always keen to help businesses in need. Many have already discovered that the company does not discriminate between businesses based on their size, so small-to-medium clients receive as much attention as bigger players.
Patricia C. touches on this in their review. “As a pet care professional,” she says, “it is very hard to find an insurance company that knows the ins and outs of the pet industry. Talisman Casualty provides coverage for not only my Pet Sitting business, but they also cover my K9 training business all under one policy. The price is very fair for the high limits of coverage I get under their policy. What’s even better is that they will compensate you for veterinary bills if an animal gets hurt under my care. It really has provided me peace of mind that my pet care business is insured with Talisman.”
Richard G. offers, “5 stars for Talisman Casualty's outstanding staff. They take their time to get to know you and always go the extra mile to assist you with any questions you may have. They will guide you through coverage, and they will find you multiple insurance options that fit your business. If you’re a business that needs insurance, then make a phone call to them right now!”
Briefly put, Talisman’s function is to provide protected cells to underwriters that have seasoned books of business and simply require a regulated vehicle by which to transfer risk. They also provide direct access to capacity through reinsurance and alternative risk finance markets. Clients should note that the firm exclusively offers its assistance to businesses that participate in an underwriting cell. Should they be willing to invest in this manner, they are welcome to contact the team at Talisman Casualty Insurance Company for further details on Talisman claims, surety bonds, marine programs, and so on.
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