Both surety bonds and letters of credit are used as a risk management tool on construction and development projects. For this reason, Goldleaf Surety is often asked surety bond or letter of credit – what’s the difference. In September and October of 2015, Goldleaf Surety did a series of blog post comparing surety bonds and letters of credit in detail. (Surety Bonds and Bank Letters of Credit Comparisons, Part 1; Surety Bonds and Bank Letters of Credit Comparisons, Part 2; Surety Bonds and … [Read more...]
Happy Labor Day!
Labor Day is considered the unofficial end of summer. The last long weekend to spend time with friends and family. Like other holidays, the real reason we celebrate the holiday can be overlooked. So, why do we celebrate Labor Day? It is a day set aside to celebrate the contributions and dedication of the 122 million men and women who are in the United States workforce. The first Labor Day in the U.S. was celebrated on Tuesday, September 5, 1882. It was held in New York City and planned … [Read more...]
RELAX – Goldleaf Surety Has You Covered
To celebrate National Relaxation Day, Goldleaf Surety would like to take the worry out of your bond placement frustrations. As a national surety provider licensed in all 50 states and working with more than two dozen surety companies, Goldleaf Surety has the knowledge and relationships to provide you with a wide range of bonding capacity for all types, sizes and classes of bonds. Contract Bonds – Bid Bonds, Performance Bonds, Payment Bonds, and Subdivision/Site Improvement Bonds are … [Read more...]
Legislation Affects MVD Bond Requirements
Several states have enacted new legislation affecting Motor Vehicle Dealer (MVD) Bond Requirements. Alabama HB 393, which becomes effective October 1, 2020, makes several changes to the regulations governing the issuance of a motor vehicle dealer license. One of these changes increases the license bond amount for new motor vehicle dealers, used motor vehicle dealers, motor vehicle re-builders, or motor vehicles wholesalers to be for not less than $50,000 or another amount that the Department … [Read more...]
Meet Goldleaf Surety’s Newest Team Member
Goldleaf Surety would like to welcome the newest member to our team, Cal Anderson. Cal grew up in Montevideo and worked at Goldleaf during the summer throughout high school and college. He attended North Dakota State University in Fargo, ND, majoring in finance. Once he graduated, he moved to the twin cities for a few years to expand his knowledge of the insurance industry. He has now returned to work at Goldleaf full-time as an Account Specialist. He enjoys spending time at the lake … [Read more...]
Surety Bonds Don’t Need to be a Juggling Act
Saturday, June 20, is World Juggling Day. According to the website holidayinsights.com, this day celebrates the skill of juggling and those talented people who can juggle many balls and objects at a time. To help you celebrate World Juggling Day, here are a few fun and interesting facts about juggling we found on the Huffington Post website. Scarves are the easiest item to begin with when learning to juggle. (This I know because both of my children in their younger years tried their … [Read more...]
Goldleaf Surety Is Here for You
Goldleaf Surety is here for you when you have questions about or need help navigating the world of surety bonds. For over 20 years, our experienced and knowledgeable staff has been here for you. And, as we move forward in ever-changing and uncertain times, Goldleaf Surety will continue to be here for you when you have questions or need help navigating the world of surety bonds. In these times of a “new normal,” construction projects continue to move forward and certain things remain the … [Read more...]
A Fidelity Bond Can Help Protect A Company
More often than most people realize, employees steal from their companies. Employee theft can add up to hundreds of thousands of dollars each year. Not just monies are stolen. Thefts can include supplies, inventory and even company time. And, it’s not just limited to theft at the company’s office or job site. Thefts can occur when employees are on site at a customer’s home or business. Is there a product that can offer protection to cover employee dishonesty and theft? The answer is … [Read more...]
COVID-19 and the Construction Industry
With the all the news regarding COVID-19 and its impact around the world, are you and your company thinking about or perhaps already dealing with its affects on the construction industry? We are certain that many of our contractors are. So, in this blog post, we want to share with you several blog posts that we feel contain relevant information in this new and uncertain time. The post Is it Time to Send your COVID-19 Notice? YES appeared first on Lamson Dugan & Murray LLP. The post … [Read more...]
Goldleaf Surety to Host Construction Law Seminar
Goldleaf Surety will be hosting a Construction Law Seminar on Tuesday, March 24. This seminar is being held at the Hilton Garden Inn, 4351 17th Avenue in Fargo, North Dakota. The seminar will begin with registration at 7:30 am and will end with a free lunch at 12:30 pm. This year’s keynote speaker will be attorney Aaron Dean with the Moss & Barnett law firm out of Minneapolis. Mr. Dean will discuss current issues dealing with contract clauses, contract law, and contract … [Read more...]
