Talisman Casualty Insurance Company Helps Businesses Protect Their Assets Using Captive Insurance
January 18, 2023 at 00:32
Carson City, Nevada -
Las Vegas-based protected cell captive insurance company Talisman Casualty Insurance Company is providing business owners alternative risk transfer options for liability and property insurance. The company is urging corporate professionals to find out more about how Talisman is changing the landscape of the specialty insurance sector.
Talisman Casualty Insurance Company offers protected cells to underwriters who have seasoned books of business and need a regulated vehicle to transfer risk and direct access to capacity through reinsurance and alternative risk finance markets. The company has more than 7000 captives licensed worldwide with around $55 billion of global captive premiums. Just within Nevada, where the company is headquartered, Talisman Casualty Insurance Company has 207 licensed captives and $4 billion of captive premiums.
The company attributes its astounding success in the captive insurance market to its four key advantages. Its spokesperson explains, “The first reason why so many small businesses have flocked to be a part of our programs is the unprecedented flexibility we offer them to manage risk. Our coverage options are customized specifically to meet each client’s business objectives. Next, we can help them cede some, or all, the risk by providing them with direct access to reinsurance markets. Third, as a business grows, we can tweak the coverage to meet its appetite for future risks, allowing entrepreneurs to make bold moves within their market without jeopardizing their ventures. As a result, as our clients’ business operations grow, we are right there alongside them to support their ambitions and give them the requisite peace of mind they need. Finally, our focus on finding technology-driven solutions to the challenges of the protected cell captive insurance model allows us to react to the changes in the market with breakneck speed, ensuring our clients are always covered under the most beneficial terms and conditions.”
Talisman insurance policies and bonds are duly licensed, regulated, and authorized insurance transactions governed by the laws of the state of Nevada. Bonds and insurance policies are made available to principals who join the captive as participants by executing a participation agreement and becoming a shareholder. By offering participants access to regulated structures, customers can access international reinsurance markets and potentially lower their insurance costs and enhance their coverages to fit specific business objectives.
For businesses that value the legal protection afforded by their coverage, Talisman Casualty lawsuit avoidance strategies can help them protect themselves against frivolous claims. The company uses advanced claims technology to substantially boost the efficiency of the claims process. It manages to do so because the claims can be streamlined within the cell, providing its participants with the utmost 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.
Several business owners have applauded Talisman Casualty Insurance Company’s protected cell captive insurance services. As of the time of writing, the company has an impressive rating of 4.7 out of 5.0 on its Google Business Profile from a dozen reviews. One of the small business owners writes in his review, “We've had a great experience with Talisman Casualty Insurance. I've relied on them more than once when I needed last-minute Pet Sitting Insurance coverage. They maintained not just a high standard of service but also exceptional rates for comprehensive plans.” Another reviewer recommends the company by writing, “With the type of business we work in, we need specialized insurance. Many other companies could not provide all the coverage we needed. Once I started working with Talisman, they blew my expectations away. They were able to provide packaged policies so that my business is fully covered from any risks. They are incredible, positive, and always helpful.”
All Talisman capital, surplus, reserves, and financial records are maintained per the provisions and regulations of NRS Chapter 694 C (Captive Insurers). Readers can visit Talisman Casualty Insurance Company’s website to verify its license.
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