Archives for March 2016

Construction Liens and Lien Waivers

Risk management in the construction arena is critical to a company's continued success.  Risk management in construction assists contractors in planning, monitoring and controlling the various measures which are needed to prevent their exposure to risk. One risk management tool contractors have available to them is the Construction Lien, also known as a Mechanic's Lien.  A Construction Lien is defined by Investopedia  ( as "a claim made against a property by a contract or … [Read more...]

Court Bonds – Appeal Bond and Supersedeas Bond

The world of court bonds can be confusing and sometimes hard to navigate.  So over the next several blog posts, we will take a look at some of the more common court bonds, why they are required, and some possible underwriting considerations. We will begin our discussion with appeal bonds and supersedeas bonds as they are very common court bonds.  While we see these two terms often used interchangeably, they are two distinct and different bonds. When a court case is settled and a judgment … [Read more...]

Bonding Capacity and Financial Statements

Goldleaf Surety Services has always stressed to its clients the importance of year-end financial considerations.  Beyond a history of consistent profitability and positive cash flows, surety companies focus a lot of their attention on equity and working capital to determine what level of surety support they are willing to extend.  That is why Goldleaf Surety Services stresses to all of our clients the importance of a regular financial statement review as an important issue in maintaining or … [Read more...]