National Dictionary Day is observed annually on October 16th, to celebrate the birthday of the father of the American dictionary, Noah Webster. In honor of National Dictionary Day, Goldleaf Surety is defining common surety terms that are not always familiar to individuals or companies when they first start working with bonds Surety Bond – a surety bond is a three-party agreement between a surety company, an oblige and a principal. The third party (surety company) guarantees to the second … [Read more...]
Goldleaf Surety to Attend MN PIA Trade Show
Goldleaf Surety will attend the 2021 Minnesota PIA Trade Show and Education Day. New Business Intake Manager Lori Olson will be attending the Minnesota PIA Trade Show and Education Day on Thursday, September 9th. This year’s Get Back in the Game Education Day is being held at the Omni Viking Lakes Hotel in Eagan. Stop by to discuss how our experienced staff can assist you and your agency with your bonding needs from performance bonds to almost every other type of surety and fidelity bond … [Read more...]
Goldleaf Surety Will Attend Upcoming Trade Shows
Goldleaf Surety will attend two upcoming trade shows, the ReWire and ReConnect MIIAB Expo and the IIAW InsureCon 2021. New Business Intake Manager Lori Olson and Vice President Brenda Risa will be attending the Minnesota IIAB Expo on Tuesday, August 10th. This year’s event, ReWire & ReConnect, is being held at the Mystic Lake Center, Prior Lake, Minnesota. Please plan to visit our booth (booth #816) at the Exhibit Hall on Tuesday from 2:00 to 6:00 p.m. New Business Intake Manager … [Read more...]
Rising Construction Material Costs
It is no secret to anyone within the construction industry that construction material costs have risen dramatically. Reduced production during the pandemic, climate events, and supply chain issues have all contributed to the rising cost of materials. In the construction industry, many contracts are negotiated and signed well before materials are actually ordered, payed for and work begins on the contract. For this reason, in the past many material suppliers have agreed to help by locking … [Read more...]
Happy Independence Day!
"America is a tune. It must be sung together." -Gerald Stanley Lee Happy Independence Day from Goldleaf Surety Services! Freedom is one of the most priceless gifts in life. As we celebrate this special day, let us aspire to observe the principles on which this great nation was built; always be grateful for the freedoms we have been blessed with; and continue to work hand in hand for a better tomorrow. Our offices will be closed Monday, July 5th, so that … [Read more...]
Washington Continuous Contractor Surety Bond
The Washington State Legislature has created a new licensing category of construction contractors called Licensed Plumbing Contractors. Starting July 1 of 2021, only contractors with this license can do plumbing work. To be licensed, plumbing contractors will be required, among other things, to carry a Washington Continuous Contractor Surety Bond in the amount of $6,000. (RCW 18.106.410) The Washington State Department of Labor & Industries states that the new plumbing license is a big … [Read more...]
Graduate to a Better Surety Partner
Over the last month, my family and I have been receiving invitations to both high school and collage graduations for the children of our family and friends. It is such an exciting time in life and definitely an accomplishment to be celebrated. While many see this milestone as an end to a chapter of their lives, the word commencement is defined as the act or celebration of beginning. Commencement ceremonies celebrate the beginning of a new chapter in life, not the end of the old. While we … [Read more...]
Goldleaf Surety Partners Win Excellence in Construction® Award
Goldleaf Surety is proud to announce that two of its general contractor partners have been awarded the Associated Builders and Contractors (ABC) Excellence in Construction® (EIC) Award at the 2021 ABC Convention. These awards honored 87 construction projects from 2020 with a collective worth of nearly $2.7 billion. Our partners won the Excellence in Construction® Award in the private residential project over $5,000,000 and the commercial project over $25,000,000 categories. According to the … [Read more...]
Happy Administrative Professionals Day
According to the U.S. Bureau of Labor Statistics, there are more than 3.6 million clerical and administrative assistants in the U.S. Today, on Administrative Professionals Day, Goldleaf Surety would like to thank our Administrative Professionals who we feel are some of the best of those 3.6 million. Becky Risa, Document Production Specialist Gwen Olson, Administrative Assistant Leanne Duis, Document Production … [Read more...]
The Role of a Fiduciary and Fiduciary Bonds
Merriam Webster on their website defines a fiduciary as "one often in a position of authority who obligates himself or herself to act on behalf of another (as in managing money or property) and assumes a duty to act in good faith and with care, candor, and loyalty in fulfilling the obligation : one (as an agent) having a fiduciary duty to another " Often a fiduciary is appointed by a court order to administer the estate or property of another person who is unable to manage their own … [Read more...]
