LAS VEGAS, NV / ACCESSWIRE / September 3, 2020 / Talisman Casualty Insurance Company LLC a protected cell captive insurance company in Las Vegas, Nevada, has revealed the details of their surety program. Through this program, they offer various types of surety bonds. A surety bond or surety represents a promise by a guarantor to pay one party, known as the obligee, a certain amount if the second party, also known as the principal, fails to fulfill the terms of a contract or meet some obligation. The surety bond functions as a protection for the obligee against losses in case the principal fails to meet an obligation.
There are a number of advantages of the surety program through Talisman Casualty Insurance Company LLC, because it is based on the protected cell captive insurance model. There are fewer principals participating in the coverage capacity in the captive insurance model. Thus, the