Archives for October 2019

Don’t Let Bonds Scare You

Halloween brings to mind trick-or-treating, Jack-O’-Lanterns, goblins, ghosts, ghouls, witches, bats and black cats.  It has always been a holiday filled with mystery, magic and superstition.  The holiday originated through the ancient Celtic festival of Samhain.  The festival was to mark the end of the summer harvest and the beginning of the dark, cold winter to come – a season strongly associated with death.   The night of October 31st, the Celts believed that ghosts of the dead returned to … [Read more...]

Goldleaf Surety – A Partner for Successful Contractors

Construction is a cyclic industry and, to survive, company leadership needs to be prepared to manage their company through those ups and downs.  One way to be prepared is to have a strong relationship with your surety provider.  According to Ed Titus, SVP, Surety for Philadelphia Insurance, “A company may be doing everything right, but getting connected to the right surety carrier really depends on having an experienced surety agent who understands what carriers are looking for and understands … [Read more...]

Minnesota Pipe Layers Bond

Businesses that contract to provide plumbing services in Minnesota must have a plumbing contractor license. In addition, licensed plumbing contractors must also carry a surety bond.  Plumbing contractors who install building water and sewer piping but do not work on subsurface sewage treatment systems (SSTS) are required to maintain a Minnesota Pipe Layers Bond with the Minnesota Department of Labor and Industry.  As with all license bonds, this bond provides indemnification for loss or damage … [Read more...]