Talisman Casualty Insurance is a protected cell captive insurance company that provides service to the specialty insurance sector by offering protected cells to underwriters. All coverage provided by the company is commercial and is only available to those businesses that participate in an underwriting cell.

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Talisman Surety Program

A surety bond is a promise made by a guarantor to pay the obligee a certain amount if 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 many different kinds of surety bonds. A surety is not insurance, even if it is provided by insurance companies. The risk is usually underwritten with no expected losses. The relationship between the principal and surety is often much closer than other forms of insurance.

Payment and Performance is one type of bond. “Payment and Performance bonds are often used in the construction industry as a form of protection for an owner that their contractor will complete the job according to the contract and he will pay all of his subs and suppliers,” says Talisman Casualty.

Another type of bond is Compliance and Licensing. Compliance and Licensing bonds are often used to maintain a professional license or to secure permits. There are usually statutory requirements for such bonds. The third type of bond is a Court and Legal bond. These bonds cover a wide range of court actions, including bail, the release of lien, adverse cost judgment, and more. The Las Vegas insurance provider provides all three types of bonds, along with much more.

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