Talisman Casualty Insurance Company Offers Multiple Programs To Business Community
August 05, 2022 at 16:40
Carson City, Nevada -
Las Vegas, NV-based Talisman Casualty Insurance Company is inviting the small and medium-sized business community to learn more about the various programs they offer. Since its inception, Talisman has believed that all kinds of businesses have the right to protect themselves from setbacks, and their reinsurance services effectively fill the gap left by traditional insurers.
Talisman Casualty Insurance Company has spent a great deal of time assisting clients who wish to get involved with cell captive insurance. This type of insurance is most beneficial for those who would otherwise fail to be adequately served by the traditional insurance market, particularly due to the fact that it effectively allows them to manage and control their own risk. In light of this, the firm has identified several areas in which their expertise could have the most impact, and this, in turn, influenced the type of programs they developed for their community.
The firm offers the following programs: Surety Program, Marine Program and Pet Professional Coverage. Each of these programs is designed to answer a specific need, and they encourage their community to consult with their team prior to deciding which would suit their business the best. To some extent, the name of each program can help indicate where it would be most suitable, but there are certain situations where overlap may require a more nuanced approach. Here, Talisman will be pleased to take a look at the client’s needs and offer guidance.
Regarding the Surety Program, the firm explains that a surety bond fulfills the function of a promise for one party to pay a second if a third party fails to meet a predetermined obligation, such as the terms of a contract. The promise, in this case, is made by a guarantor, also known as a surety. The party they would owe the amount in question to is known as the obligee, and the party who has to act to preserve the terms of the obligation is known as the principal. By using a surety bond, the obligee is protected from any potential losses they may otherwise have suffered as a result of the principal’s failure to satisfy the obligation.
Talisman’s commitment to small and medium accounts also led them to determine that such businesses involved on or near the water are far more vulnerable to risk than their larger counterparts, which often have been in operation long enough to build a partnership with insurers or have built enough capital to weather the risk of losses. New, smaller marine businesses rarely have these advantages, so they may attempt to operate without coverage. However, this is not necessary. By working with Talisman and participating in their cell captive insurance programs, they can receive Maritime Employers Liability (MEL), Hull and Protection & Indemnity (Hull / P&I) and Comprehensive General Liability (CGL) upon admission into the program cell.
Fluctuating exposure is a hallmark of the marine industry, so the flexibility offered by Talisman’s network of reinsurance providers tends to be much more useful than traditional insurance’s more concrete policies. The firm’s Marine Program is designed from the ground up to enable their team to develop long-term relationships with each client, allowing them to understand their business, risk management practices and business forecast so that insurance coverage can always match any change in exposure. This is what makes it so useful for clients in this industry (among other factors).
Last but not least, Talisman’s Pet Professional Coverage is a General Liability program designed for the small business owner, such as those working either part or full time by themselves or with an exceedingly small team of individuals. Talisman observes that many who benefit from this program have actually taken the initiative of working from home, bypassing the strain of funding and maintaining a brick-and-mortar location. As the name suggests, those who work with pets on a small scale, such as pet walkers or sitters (and similar services) can work with Talisman to ensure they are protected as they build their business. The firm makes it a point to simplify every stage of the process as well, including Talisman claims management, so clients will never find themselves unable to understand what they should do next in the event of a crisis. Further, Talisman will always be by their side to offer support and guidance.
Anyone interested in learning more may contact Talisman Casualty Insurance Company in Las Vegas. The team looks forward to helping more businesses set the groundwork to flourish, and they consider their own success to be measured by the satisfaction of their clients.
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