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CARSON CITY, Jan. 19, 2023 (GLOBE NEWSWIRE) — Carson City, Nevada –
Talisman Risk Insurance Company LLC
A protected cell captive insurance company based in Nevada is inviting small, medium and large enterprise owners and professionals to learn more about the program’s business solutions.
“Program business” is an insurance industry term for self-insurance that meets certain criteria. Businesses in these groups are related to each other based on the risk they are exposed to in their chosen industry. For example, emergency service companies, general contractors, consumer car service companies, and even some medical service providers are good candidates to come together and offer programmatic business solutions tailored to their needs.
“Americans have always shown an indomitable spirit to pursue their entrepreneurial dreams,” said a spokesperson for Talisman Casualty Insurance Company, speaking of the importance of the program’s commercial insurance structure in today’s American economy. This desire to do it yourself is the main reason for American ingenuity. Today, nearly 15 million Americans are self-employed and nearly twice as many continue to be in groups. The commercial insurance industry has historically been very slow to find radical ways for people to theorize, test and implement new business models. For these affiliates, self-insuring with a programmatic business solution is one of the best ways to try new things and expand their reach without compromising the core aspects of their business.
The modern insurance market has insurance experts like Talisman Accident Insurance Company, who recognize the shortcomings of conventional insurance providers and use their creativity to change the way their customers seek accident coverage. This risk management industry’s fragmented nature drives innovation and enables entrepreneurs to generate ideas faster and more efficiently than ever before.
When asked how using Cell’s captive insurance model can benefit entrepreneurs looking for a programmatic business solution, a company spokesperson said, “Programmatic business is well-suited to a specific cell insurance structure. Models can be tested in a cell and the simplicity and flexibility of changing the writing method, risk management and risk management allows to dress programs that can provide opportunities to manage general agencies, general authors, associations, industrial groups and any sector. A market with limited insurance coverage where you can participate at every stage of design and management. Cost reduction, increased service and profit sharing with policyholders are some of the benefits of programmatic business using cell captive insurance.
Finally, a company spokesperson explained why its program business solutions are the best on the market, “There are four pillars on which Talisman Casualty’s Program Business Solutions are built. First, our flexibility is unmatched and backed by highly innovative risk management that increases the efficiency of your business. Second, our analytics capabilities allow us to modify programs on the go and tailor them to a specific group of program participants with similar goals. Further, we offer our clients a range of structured coverage options to transfer risk, particularly those requiring a flexible underwriting platform. Finally, consolidation of similar types of risk in cell programs can result in significant savings for cell participants by transferring risk directly to international insurance markets.
The policies and bonds of Talisman Casualty Insurance Company are duly licensed, regulated and authorized transactions of insurance governed by the rules of the Nevada Department of Insurance. Bonds and insurance policies are offered to principals who join the captive by executing a participation agreement and becoming shareholders. All of Talisman’s capital, profits, reserves and financial records are maintained in accordance with the provisions and regulations of NRS chapter 694 c (Captive insurers).
Business owners interested in implementing a programmatic business insurance solution are asked to visit the Talisman Risk website to learn more. The website provides information about Talisman’s lawsuit avoidance strategies, the company’s advanced claims process, its underwriting capabilities, and more.
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For more information about Talisman Casualty Insurance Company, contact the company here:
Talisman Accident Insurance Company
800-318-5317
info@talismancaualty.com
7881 W. Charleston Blvd, Suite 210 Las Vegas, NV 89117
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