Captive Insurance

Talisman Casualty explained how captive insurance can reduce premium and expand capacity where it is needed as long as it is properly structured and managed. In order for a captive to be a cost-effective solution, it must be structured in such a way that it can participate in the profits resulting from the company’s own risk. And some risk that is usually considered to be uninsurable can be covered within a captive by providing direct access to reinsurance markets to the participants and their sponsors.

Furthermore, the setup speed within a cell captive is much faster because the company already exists and the cell is only being used to segregate a new risk. And once this cell captive is no longer required, run-off is much easier, and less time is needed for closure. The premiums are lower because there is no longer a need to pay premiums based on non-correlated factors of the market. Also, their efforts to manage their own risks are rewarded by premiums based on a better experience.

Meanwhile, Talisman Casualty Insurance Company utilizes a protected cell captive insurance business model. In this setup, the protected cells are offered to insurers who have seasoned books of business and need a regulated vehicle for transferring risk and allowing access to reinsurance and alternative risk finance markets. These cell captives are composed of a core and several cell entities that are legally separated from each other. Each of these cells has its own dedicated assets and liabilities and the core serves as a central fund much like the Lloyd’s of London market model. Having multiple layers of protection and acquiring a diverse and specialized business mix can allow the captive to grow even when the broader insurance market is seeing decline and rising cost And because the cells are legally separate, the assets of one cell cannot be used to answer for the liabilities of a different cell. Learn more here: Who owns Talisman Casualty

Talisman Casualty Programs

● Surety Program

This a service oriented and service oriented program. It has been personalized for contractors. It features a unique surety risk that is limited in the market.

● Marine Program

This features coverages that are mainly offered by brown water contractors. Fishermen mainly use this coverage to mitigate business risks.

● Small Business GL

A program for contractors that have GL insurance. It is specially tailored for pet care professionals.

Know More About Insurance at Talisman Casualty

Insurance can be pretty overwhelming if you don’t know your way around it. Let our people at Talisman Casualty help you understand the different types of insurance claims and how it can help you and your family.

Call us today at 800-318-5317 or visit our office at 7881 W. Charleston Blvd, Suite 210, Las Vegas, NV 89117.