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
October 2, 2019 by
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...]
Reliable, Responsive, Tenacious and Knowledgeable
September 18, 2019 by
I am not a native Minnesotan. However, I did spend two weeks each summer of my childhood enjoying this state's amazing lakes as my dad was an avid fisherman. For this reason, Minnesota always held a special place in my heart. However, even with these good memories, more than twenty years ago when my husband and I decided to move our two small children away from family to the state of Minnesota, we were both somewhat nervous about whether or not it was a good decision for our family. I can … [Read more...]
Goldleaf Surety to Attend PIA Minnesota Education Day
August 28, 2019 by
Goldleaf Surety’s New Business Intake Manager Lori Olson will be attending the PIA Minnesota Education Day on Thursday, September 5th. This year’s Education Day is being held at the Mystic Lake Center, Prior Lake, Minnesota. Please plan to visit our booth at the PIA Minnesota Education Day on Thursday from 7:30 a.m. to 4:30 p.m. This trade show is always a wonderful opportunity for us to see familiar faces as well as to meet new agents from throughout Minnesota. Let us show you how our … [Read more...]
New Minnesota Retainage Law as of August 1st
August 21, 2019 by
Several changes to Minnesota retainage laws were introduced during this past legislative session and have now been signed into law by Governor Walz. This email contains some highlights of the new retainage law as it will apply to all Minnesota contracts signed on or after August 1, 2019. The 2019 retainage changes will apply to all construction projects utilizing retainage in Minnesota - public and private. General contractors must reduce retainage at the same rate that owners reduce … [Read more...]
DMEPOS Bond for Dentists
August 7, 2019 by
The Centers for Medicare & Medicaid Services (CMS) now requires dentists who are providers of Durable Medical Equipment, Prosthetic and Orthotic Suppliers (DMEPOS) to have a surety bond. The bond is required of those who bill Medicare for equipment they sell. The rule’s goal is to bring dental sleep medicine practitioners into compliance with the Medicare DMEPOS bond requirement pursuant to 43 CRF §424,57(c) to prevent fraudulent activity within the industry. Section 4312(b) requires … [Read more...]
Goldleaf Surety to Attend Wisconsin PIA Convention
July 24, 2019 by
Goldleaf Surety will be attending the 70th Annual Wisconsin PIA Convention and Trade Show. This year's convention is being held at the Chula Vista Resort in the Wisconsin Dells on August 7th and 8th. Please plan to visit our booth (booth #22) at the Convention Trade Show on Thursday, August 8th from 12:30 to 3:00 pm and visit with Regional Sales Manager Kevin L. Kohlbeck and New Business Intake Manager Lori Olson. This trade show is always a wonderful opportunity for us to see familiar … [Read more...]
Goldleaf Understands Large Commercial Surety Bonds
July 10, 2019 by
Large Commercial Surety Bonds generally include bonds needed in conjunction with service contracts such as transportation companies, janitorial companies, garbage collection companies, “non-sticks and bricks” construction contracts, as well as manufacturing and supply contracts. The underwriting considerations for this class of business are different from those for the contract bonds and have become more sophisticated and specialized over time. Goldleaf Surety has the expertise to help large … [Read more...]
Celebrate Smile Power Day
June 12, 2019 by
June 15th is the day we observe National Smile Power Day. This is a day for everyone to share the power of the smile. Growing up, one of my mom’s favorite sayings was that it takes more muscles to frown than it does to smile. And I know it was one I used on my own children now and again. But somehow over the years we tend to forget this. Babies smile about 400 times a day, while the average adult only smiles 20 times. And, we are the only creatures on the planet that can smile. … [Read more...]
DMEPOS Competitive Bidding Program Bond
May 22, 2019 by
The Center for Medicare and Medicaid Services (CMS) has announced its bid window on Round 2021 for the supply of durable medical equipment (DMEPOS) under the Medicare program. The bid window will run for 60 days and begins July 15, 2019. The CMS is requiring any durable medical equipment provider who will be submitting a bid for any Competitive Bidding Area (CBA) to provide a DMEPOS Competitive Bidding Program Bond with their bid. There are a total of 130 CBA’s who will be accepting bids … [Read more...]
