April 11, 2023 at 16:11
Carson City, Nevada -
Talisman Casualty Insurance Company is offering insureds a wide range of surety bonds to help them meet the needs of the modern business environment.
Surety bonds are 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 meeting the terms of a contract. It is a risk management strategy that allows businesses to be more secure in their expansion plans or to ensure a minimum level of service in challenging market conditions. The surety bond protects the obligee against losses resulting from the principal’s failure to meet the obligation.
“Surety, though not a form of insurance, is often provided by insurance companies by setting up a relationship between the surety and principal similar to how insurance is provided,” the spokesperson for the Talisman Casualty Surety Program says. “Typically, the risk is underwritten with no expected losses. There are many types of surety bonds that you can purchase based on what your risk management needs are. They offer immense flexibility and reliability for companies, especially if the principals are all part of a captive structure set up after rigorous vetting and due diligence.”
Since, in the captive insurance model, there are a smaller number of principals, the relationship between principals and guarantors can be much more personal. The bonds can be highly customized for the business case that is to be insured. In an unstable marketplace, where availability and willingness to bond contracts are unpredictable, they can be a way for companies to stay competitive.
The spokesperson then talks about the various surety bonds offered by Talisman Casualty by saying, “Payment and Performance bonds can be 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 will pay all subs and suppliers. Compliance and Licensing bonds, which often come with statutory requirements attached, can be used to maintain a professional license or to obtain permits. Finally, court and legal bonds can cover a wide range of court actions including bail, release of lien, adverse cost judgment, and many more. We have also streamlined Talisman claims management using state-of-the-art technology to offer our insureds a high level of service.”
Talisman Casualty Insurance Company is a protected cell captive insurance company domiciled in Nevada that serves the specialty insurance sector by offering protected cells to underwriters who have seasoned books of business and need a regulated vehicle to transfer risk and direct access to capacity through reinsurance and alternative risk finance markets.
Talisman insurance policies and bonds are duly licensed, regulated, and authorized insurance transactions governed by the laws of the state of Nevada. Bonds and insurance policies are made available to principals who join the captive as participants by executing a participation agreement and becoming a shareholder. All Talisman capital, surplus, reserves, and financial records are maintained per the provisions and regulations of NRS Chapter 694 C (Captive Insurers).
The company’s customers in Las Vegas have time and time again praised it for allowing them to feel secure in their business ventures, most of which are operating in industries too small for the big corporations to provide services for. Its Google Business Profile has an exceptional 4.9 out of 5.0 overall rating from 35 reviews.
One long-time client talks about their experience with Talisman Casualty over the years by saying, “I've been a Talisman Casualty client for six years with no complaints. Their staff provide excellent service, and there are many alternatives to choose from. We have a lot of respect for our agent. It's great to have a local contact to turn to for insurance assistance.”
To find out more, readers can get in touch with Jeff Keast, the Head of Underwriting and Risk Management, at TCICunderwriting@outlook.com or (800) 734-8125. Readers are also requested to ask about Talisman Casualty lawsuit avoidance strategies in their inquiries.
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