Surety Programs and Financial Statements – Part 2

In the previous blog post, we discussed one area in which accrual basis financial statements are different than a tax basis statement.  If your accountant is providing you with only an income tax basis financial statement for your bond applications, that income tax basis statement almost always understates your company’s financial strength and performance. The treatment of tax depreciation schedules is another area that illustrates how these two different types of financial statements can … [Read more...]

Surety Programs and Financial Statements

As 2018 has drawn to a close, many contractors are working on their year-end financials.  Your company may want to consider having your accountant prepare an accrual basis financial statement in addition to the standard income tax basis financial statement.  This accrual basis financial statement can then be used with your bond application.  If your accountant is providing you with only an income tax basis financial statement for your bond application remember this, income tax basis financial … [Read more...]

Goldleaf Surety’s Year in Review

As we begin a new year and a new chapter in 2019, Goldleaf Surety would like to take a moment to reflect on the past year.  2018 was certainly an interesting year in the world of surety and another great year for Goldleaf Surety and our staff. On April 1st, Goldleaf Surety celebrated 20 years as a company.  So the month of April brought a flurry of activity in celebration of our anniversary and our relationships with our agents, contractors and surety partners.   On April 13th, we were … [Read more...]

Meet Goldleaf Surety’s Bond Production Manager

Like most organizations, Goldleaf Surety has many hard working, valuable employees who work mainly “behind the scenes.”  So, we would like to take this opportunity to introduce our Bond Production Manager Becky Risa.  Becky is celebrating 17 years with Goldleaf Surety this month! Without Becky, the bonds underwritten and approved here at Goldleaf Surety would never get out the door.  She is the person here that is responsible for our bond production which includes preparation of the bond as … [Read more...]

Goldleaf Surety and The National Day of Listening

While celebrating the Thanksgiving holiday with family, I came across an article about the National Day of Listening.  National Day of Listening is an unofficial holiday celebrated on the Friday after Thanksgiving Day.  It was launched in 2008 by StoryCorps, a non-profit organization, whose mission is to encourage Americans of all beliefs and backgrounds to record, preserve, and share the stories of their lives.  … [Read more...]

Third Party Administrator Bond

Third party administrators (TPA) handle various administrative responsibilities for entities such as insurance companies where they may handle the claims process.   Or for a company’s employee benefits plan handling claims such as those to retirement plans. Third party administrators can be either an individual or a business and operate on a fee-for-services basis. Many states require the companies or individuals who administer these services for another entity to post a Third Party … [Read more...]

Light The Night Walk

On Sunday, October 14th Goldleaf Surety’s Jan Sachariason and her son Tyler participated in the Light The Night walk at Target Field in Minneapolis. The Light The Night’s website ( describes the organization’s mission as “to bring light to the darkness of cancer through research and cures.  Light The Night is a series of fundraising campaigns benefiting The Leukemia & Lymphoma Society’s (LLS) funding of research to find blood cancer cures.”   Each year there … [Read more...]

International Moment of Frustration Scream Day

International Moment of Frustration Scream Day was created for those of us who sometimes get so frustrated that we could scream.  On this day, we are encouraged to unite with people all over the world by joining in a universal 30 second scream. I can admit that there are many times that a 30 second, all out, from the bottom of my toes scream might sound like a great solution to my various frustrations. When researching other ways to relieve frustration, one suggestion that came up on a … [Read more...]

Goldleaf Surety to Attend IIAN Trade Fair

Goldleaf Surety’s New Business Intake Manager Lori Olson will be attending  the Independent Insurance Agents of Nebraska 111th Annual Convention and Trade Fair.  This year’s convention is being held October 10-12 at the Embassy Suites in LaVista. We would like to invite you to visit our booth (#62) at the Trade Show on Thursday, October 11th from 4:00 pm to 6:30 pm.  Stop by to say hello and to discuss how our experienced staff can assist you and your agency with all of your bonding needs … [Read more...]

Goldleaf Surety Can Assist with PCA Bonds

Goldleaf Surety Services has several excellent markets for the Minnesota PCA bond. And, if  your clients are not able to qualify due to lower credit scores, we can help! If your insured has an unsatisfactory credit history report or unfavorable financials, Goldleaf underwriters’ experience and our access to many surety markets allows us to place bonds when others may not be able to. What is a Personal Care Assistant? A personal care assistant, also known as a personal care attendant or a … [Read more...]