Who is Talisman Casualty Insurance?

A Las Vegas-based company that offers various insurance claims and programs. So what makes us stand out from other insurance companies in the city?

Talisman Casualty Insurance Company focuses on protected cell captive insurance. Our services are primarily targeted at the specialty insurance sector. Companies like Talisman Casualty are the perfect solution for businesses that are launching a new product or expanding capacity in restricted markets.

Our Talisman Casualty claims administration is as efficient and responsive as possible, and our underwriting is done in ways that build relationships, thanks to personal attention. A lot of clients and consumers look at the modern insurance world and start wondering where all the great service went.

We at Talisman Casualty try to keep the old traditions of service alive and well, where we have tremendous experience in connecting with many different insured parties. That means that we have spent a lot of time already not just learning various businesses, but learning how to understand a business as well.

Surety Programs

One of the things that we offer select clients is their surety program.

A surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal’s failure to meet the obligation.

There are quite a few different kinds of surety bonds. Surety isn't actually insurance, even though the insurance industry largely provides it. The risk is generally underwritten without expectations of losses. The relationship between a principal party and the surety is typically a lot closer than other kinds of insurance. One kind of surety bond is known as payment and performance bonds.

The construction industry uses these frequently in order to give an owner protection so he or she can be sure that their contractor is going to finish a job per the terms of the negotiated contract, including paying all suppliers and subcontractors.

Compliance and licensing bonds are another kind of surety bond. These are typically used in order to obtain permits or maintain some sort of professional license. These kinds of bonds are typically subjected to statutory requirements. Such bonds can cover numerous different court actions. These might include adverse cost judgments, release of lien, and bail.

Bonds get underwritten in much the same way used for underwriting general credit. The review process for this usually involves both a skill qualification evaluation and thorough financial analysis when performance is what's being bonded. A surety is much like a cosigner that's lending credit. In such cases premiums are often far lower than the rates charged by a commercial lender.

A surety doesn't expect to suffer a loss, and in a case of them doing so, they're going to require you to reimburse them for that loss. You should have a much better idea than you did before you found all of this, but it's still a good ice-breaker on what this insurance company does for their commercial clients.

Innovative ideas offer unconventional options for cutting-edge companies and professionals who take advantage of the opportunities of a constantly changing economy, while also trying to protect themselves in a competitive world laden with risk where anything can happen.