Talisman Casualty Explains Their Marine Program
April 11, 2022 at 17:12
Carson City, Nevada -
Las Vegas, Nevada-based Talisman Casualty Insurance Company is reaching out to the wider community to explain their Marine Program. Talisman Casualty Insurance Company is a specialized insurance provider that offers clients an alternative risk transfer option for liability and property insurance.
Talisman Casualty Insurance Company explains that their Marine Program is cell captive insurance that has been specially designed for marine contractors, fishing operations, and many other business owners who have assets on the water and need coverage that fits their objectives. The company’s Marine Program focuses on small-to-medium-sized marine accounts and provides Maritime Employers Liability (MEL), Hull and Protection & Indemnity (Hull / P&I), and Comprehensive General Liability (CGL) with admission into the program cell. The Marine Program’s philosophy is to form long-term relationships with their maritime clients and understand their business, risk management practices, and business forecast so that insurance coverage can always match fluctuating exposure.
The selection of insureds is cultivated with caution and care, and the selection of claims adjusters and other service providers is executed with a focus on effective and efficient client service. This strategy has led to close working alliances with the management and employees of participating accounts. Program Risk selection starts with accounts familiar to the group, and this involves partnering only with the quality insureds who have demonstrated sound management and safety practices.
Talisman Casualty Insurance Company says, “The Marine Market continues to be under pressure to lower costs in order to stay competitive, which is tough to accomplish in today’s economic climate. Maritime businesses are looking for alternative options, and we provide them with a great one: Captive insurance that will undoubtedly provide the flexibility that readjusting risk management methods and costs will require. It can help marine businesses in the long term.”
Services offered by Talisman Casualty Insurance Company’s Maritime Program include Maritime Employer’s Liability/Commercial Marine Insurance (often referred to as MEL) which typically provides coverage for an Insured’s employees while working on non-owned or operated vessels; Hull Insurance Coverage, which provides protection against damage to a covered vessel; Protection and Indemnity coverage, which is liability insurance for practically all maritime liability risks associated with the operation of a vessel (other than that covered under a workers compensation policy and under the collision clause in a hull policy, and is often written as a package with Hull coverage); Commercial General Liability policies, which protect business owners against claims of liability for bodily injury, property damage and personal and advertising injury (slander and false advertising); and more. Learn more about the range of services provided by Talisman Casualty at the following link: Talisman Marine Program.
The company says, “We provide marine business owners with all the necessary infrastructure they need so they can take advantage of the captive model for their benefit. The process can be a little complex, but the results you can achieve are worth it. With us, you can gain direct access to international reinsurance markets and negotiate the pricing. We will also ensure that your claims are managed in a much more efficient manner within the cell, and we will structure security in such a way that there is little to no risk for you.”
Talisman Casualty Insurance Company has established itself as an excellent choice for those who are looking for alternative risk transfer options for liability and property insurance. Talisman Casualty Insurance Company is proud to say that it has a proven track record of success as a captive premium insurer, with over 7,006 captives licensed worldwide and a staggering $55 billion of global captive premium. Within Nevada, where Talisman Casualty Insurance Company operates, the company has over 204 captives licensed and over $4 billion captive premium. As the company shares, each of Talisman Casualty’s unique protected cells operates as separate business units with the flexibility to make adjustments quickly to achieve the greatest underwriting success.
Those curious about who is Talisman Casualty Insurance Company or the range of services they provide should visit their official website for more information. The company encourages people to get in touch with them via the contact form on their website, their direct phone line or their email address for any questions or clarifications. Social media users can interact with Talisman Casualty Insurance Company on Facebook.
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