Talk to an Expert 800-318-5317
Talk to an Expert 800-318-5317
Rated By Hundreds Of Satisfied Clients
Modern Business Insurance Needs a Modern Approach
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A benefit of utilising a captive insurance company is the ability for the insured to obtain the coverage needed with the terms and conditions that apply specifically to that insured’s situation.
With countless solutions to address the needs of stakeholders the Talisman captive offering is much more a dynamic marketplace than it is a traditional insurance carrier. There are many benefits with the most notable being:
The future of the insurance industry will be more fragmented and specialized. Captive insurance will undoubtedly help drive innovation
and offer entrepreneurship and flexibility to an increasingly sophisticated insurance buyer.
A flexible and service-oriented surety program for small contractors and unique surety risk which have limited market capacity
The marine program offers unique coverages for brown water marine, cargo, inland marine, recreational marine, and others with first-class underwriting talent and efficient claims management to one of the industry’s oldest lines of business.
Innovative coverages to the expansive pet economy where people’s pets and the vendors who take care of them are increasingly looking for insurance solutions that align with their needs.
From farm-to-table gourmet foods to modern plant and animal-based pharmaceutical products, agriculture is becoming more specialized and the insurance industry has struggled to keep up with consumer demand for unique products. Our captive program is helping fill the void.
Using local adjusters who meet high ethical and competent criteria gives participants the best claims experience.
We use a number of different claims management service providers to enable efficient claim processing for each of our cell programs. Delegated claims authority is only given to firms that have extensive claims management experience, know the local markets where claims are made and operate with the highest degree of ethics and integrity.
The efficiencies that technology can bring to the claims process can be streamlined within the cell giving participants a high level of service.
Claims Management of Captive Cells relies on state-of-the-art claims technology giving immediate feedback of the overall impact of claims and the time needed to make adjustments can be decreased due to the simple aggregation of data within a cell captive.
Because claims account for the majority of a captive’s expenses, best practice claims management is one area where captives can distinguish themselves from most traditional insurers.
Proprietary Claims Software can be integrated into a cell captive program without the hefty cost associated with licensed software with large commercial insurers as the target users.
Talisman Insurance Company, Inc is an alternative risk transfer option for nearly any insurance product needed by consumers or businesses. The policies and bonds are duly licensed, regulated, and authorized insurance transactions governed by the captive insurance statutes of the State of Oklahoma. By participating in a cell and agreeing to be a shareholder, capacity in the international reinsurance markets can be accessed allowing our participants to expand their business, lower insurance cost, create proprietary coverage and avoid the unnecessary cost and complexity that generally come from arms length insurance transactions in the standard market. Each of the Talisman cells are incorporated having individual tax id and NAIC identifiers giving greater legal certainty to the segregation of risk. Managing General Agents and Delegated Authority professionals can work with our team to design unique solutions where the cell shares can be shared to align interest between agent, insured, and capacity provider. The future of the insurance business will continue to be defined by consumer demand for innovation, ease of access, and coverages that are tailored to specific risk transfer needs. The Talisman offering will serve as a marketplace where ideas, entrepreneurship, and trust converge to deliver a unique experience free from constraints of the traditional framework of the insurance sector
Talk to an Expert 800-318-5317
Captives have come a long way in the last hundred years. Today there is much greater understanding
amongst the industry of the benefits and uses.
Throughout the years, I have relied on Talisman Casualty Insurance Company and they have never let me down. They are always willing to go the extra mile to make sure we choose the greatest choice for our insurance needs. Thanks for your time and effort.
Riser Adkisson LLP
Indeed, captive insurance must rank as one of the best business asset protection strategies ever created.
The captive insurance market continues to remain “resilient, effective, efficient and profitable,” with rising premiums and lower combined ratios compared with the traditional insurance market as it further expands to cover evolving risks
Talisman Casualty’s employees respond quickly and are always available to answer any questions. They really walk you through your policy on what is covered and what is excluded. I felt very confident when I switched insurance over to Talisman.
Talisman Casualty has a wonderful policy for small marine accounts like mine, and their marine program comes with a lot of benefits. They offer large insurance limits and the cost was very fair. They also go above and beyond for their consumers.
Definitely worth a try if you are looking to purchase surety bonds! Talisman Casualty has been my number one choice to go to for all of my surety bond needs. Their staff was very helpful and pleasant throughout the whole process.
