Talisman Casualty Claims Explains Benefits Of Protected Cell Captives

November 13, 2019 – – Talisman Casualty, a Las Vegas, Nevada based insurance company, is reaching out to the wider community to explain the benefits of protected cell captives. Talisman Casualty specializes in providing an alternative risk transfer option for liability and property insurance. More information about the company and its insurance services can be found at the following link: Talisman Casualty Claims.

Captive insurance refers to a company establishing an insurance company so that it can insure itself. This insurance company, which is wholly-owned and controlled by its parent company, is intended to insure the risks of its owners. One of the many types of captive insurance is known as a Protected Cell Captive and, according to Talisman Casualty, Protected Cell Captives are viable alternatives to conventional commercial insurance.

With a Protected Cell Captive, distinctly separate cells are created. These cells may be owned by the same user or seperate cell users, but each cell along with its assets and liabilities will be legally segregated from each other under statute. These cells can issue insurance policies and access reinsurance markets, just like a standalone insurance company.

As Talisman Casualty explains, Protected Cell Captives offer benefits similar to those available through group and single-parent captives but at reduced start-up and ongoing costs. A representative for the firm says, “Many clients find Protected Cell Captives an alluring option because it helps them avoid many of the challenges that are associated with insurance market cycles. Protected Cell Captives also allow our clients a better position from which to control their own destiny.”

Protected Cell Captives come with a number of benefits that make them an appealing option for many businesses looking to insure themselves. For instance, they have relatively low set-up and administrative costs, with exit costs also being comparatively low. Protected Cell Captives can also be set up and dismantled very quickly. Since there is no minimum amount of capital imposed on the cells, it also means that the flexible allocation of capital is possible.

In addition, Protected Cell Captives also allow for more granulated program design and risk management, which results in the insured company getting more control over its own insurance. Furthermore, there are no restrictions as to the type of business that can be undertaken by a cell in most jurisdictions, which makes a Protected Cell Captive a feasible option for many companies.

According to Talisman Casualty, there are several types of organizations that could benefit from Protected Cell Captives. This list includes companies that are too small to create their own single captives as well as companies that do not want to establish a group captive, for whatever reason. Protected Cell Captives are also recommended for companies that want to establish a strong joint venture and a valuable strategic alliance or companies that simply want access to specialist reinsurance markets.

Talisman Casualty’s representative says, “At Talisman Casualty, we are proud to say that we’ve mastered the art of carefully creating and managing captive insurance companies. We can structure these entities to allow room for us to make risks—risks that would otherwise be considered uninsurable—work by providing our clients with direct access to reinsurance markets.”

The representative continues, “We will set up the infrastructure that is required and provide you with all the information you need to take full advantage of the Protected Cell Captive model. It is true that the process to establish a Protected Cell Captive can be just as complicated as the process for standard commercial insurers, but the many benefits of using captive structures far outweigh any potential disadvantages.”

Talisman Casualty’s experience with captive insurance is clearly established in a thriving industry that has over 7,000 captives licensed around the world, with about $55 billion of global captive premiums. Within Nevada, where Talisman Casualty operates, the company has 207 licensed captives with a $4 billion captive premium.

Those who want to learn more about Talisman Casualty and the variety of services the firm provides can find more information on their website, along with more educational material on cell captive insurance. Additionally, Talisman Casualty encourages interested parties to get in touch with them directly via email or the contact form on their website. More information about the company can also be found at the following link: Talisman Casualty Insurance.

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For more information about Talisman Casualty Insurance Company, contact the company here:

Talisman Casualty Insurance Company
800-318-5317
info@talismancasualty.com
Talisman Casualty Insurance Company
7881 W. Charleston Blvd, Suite 210 Las Vegas, NV 89117

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