Just who is Talisman Casualty Insurance?

It's a hard question to answer in only so many words, given the complexity of this company and all its various products, services, and offerings. However, if you'd like a quick overview of some of the many things that they do, allow us to introduce ourselves.

An Insurance Company in Las Vegas that Has Been Serving For Years

Talisman Casualty Insurance Company operates in Las Vegas, Nevada where we focus on an alternative risk transfer option for liability and property insurance . Our services are primarily targeted at the specialty insurance sector. Our services and coverage such as the marine program in Las Vegas are available only to commercial clients that are involved in an underwriting cell.

We offer specialty programs with customized administration and coverages and strive to keep their claims administration as efficient and responsive as possible, and their 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 keep the old traditions of service alive and well.

Talisman insurance policies, and bonds are duly licensed, regulated, and authorized insurance transactions governed by the laws of the state of Nevada department of insurance. Bonds and insurance policies are made available to principals who join the captive as participants by executing a participation agreement and becoming a shareholder.

Managing Risks with Talisman Casualty Insurance Company

On top of personal relationships, Talisman Casualty Insurance also offers clients corporate analytics and business resources that help their insureds learn about both understanding and managing risks more wisely.

Local and sector knowledge, along with feedback, lets us make fast adjustments and practice the flexibility necessary for markets that never stop changing.

Surety Programs at Talisman Casualty

We also offer select clients is their surety program. Surety bonds are also just known as sureties.

They are a promise by a guarantor or surety to pay the obligee a particular amount if the principal party fails to adhere to a certain obligation, like the fulfillment of contract terms. A surety bond gives the obligee protection from losses that might result from a principal party's failure to uphold their obligations.

In the marketplace for captive insurance, there are actually smaller numbers of principal parties participating in the overall coverage capacity. This means that relationships are potentially more personal. The design of the bonds involved can be truly flexible as well, to the point of meeting the requirements of the current business environment, since evolving risk means that there is a serious need for more flexibility than ever.

Access to potential surety credit might seem like a rather unstable marketplace, given how the willingness and availability both of bond contracts can be truly volatile. Managing risks in the business world proves a lot more challenging when bonded contracts are crucial to staying competitive. 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 clients 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.

Talk to Us!

Our goal is to 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 where anything can happen.

Drop by our office or call us today!