Goldleaf Surety to Host Construction Law Seminar

Goldleaf Surety Services will be hosting a Construction Law Seminar on Wednesday, February 28th.  This seminar will be held at Embassy Suites & Courtyard, 12520 Westport Parkway, La Vista, Nebraska. This year’s key note speaker will be Sean Minahan.  Sean is a partner in the law firm of Lamson Dugan and Murray, LLP in Omaha and a member of its Litigation Department.  Mr. Minahan has represented a broad range of clients in corporate litigation.  He has a specific interest in representing … [Read more...]

Goldleaf Surety Has Markets for Decommissioning Bonds

In our November 30th blog, we looked at Software and Technology bonds and Goldleaf Surety's success with placing bonds for this class of business.  Another class of bond which falls under the large commercial bond umbrella is a decommissioning bond.  These bonds can be extremely difficult to obtain and many sureties simply do not entertain this type of risk.  However, Goldleaf Surety does have markets for a company with the financial strength to qualify. A recent success story: … [Read more...]

Software and Technology Bond Success Story

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 and software and technology 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. One … [Read more...]

Appraisal Management Company Bond

As of November 11, 2017, New Jersey began requiring licensed real estate appraisal management companies to obtain a surety bond. The change is a result of Assembly Bill 1973 which was passed in May.  With this new law, New Jersey becomes one of over 20 states that require the Appraisal Management Company (AMC) bond.  These states include Alabama, Arizona, Arkansas, Colorado, Georgia, Illinois, Iowa, Louisiana, Mississippi, Missouri, Nebraska, New Mexico, North Carolina, Oregon, Pennsylvania, … [Read more...]

Comparing Subcontractor Bonds to Subcontractor Default Insurance

Goldleaf Surety is often asked about the basic differences between subcontractor bonds and subcontractor default insurance (SDI).  As part of a contractor's risk management, it is important for your company to know and understand these basic differences.  To that end, we want to share with you the table below from Leaderboard Magazine. Issue Performance and Payment Bonds  Subcontractor Default Insurance Pre-qualification Process Conducted by the surety, a knowledgeable third party … [Read more...]

Oklahoma Pharmacy Benefits Managers Bond Updated Requirements

As discussed in Goldleaf Surety's blog post dated August 9, 2017, effective August 31, 2017, the Oklahoma Insurance Department’s statutory dollar amount requirement for the Pharmacy Benefit Manager’s (PBM) Bond had been amended to $1,000,000 per occurrence and $5,000,000 annual aggregate. Due to a substantial number of questions and comments from both PBM's and surety companies regarding the bond requirement set forth in Oklahoma Administrative Code Sec. O.A.C. 365:25-29-6, the Commissioner … [Read more...]

Goldleaf Surety to Attend IIAB of Iowa Trade Show

Goldleaf Surety's New Business Intake Manager Lori Olson a will be attending  the  Independent Insurance Agents of Iowa's 111th Annual Convention, Trade Show and Expo September 13 and 14.  This year's convention is being held at the Prairie Meadows Convention Center in Altoona, Iowa.. We would like to invite you to visit our booth (Booth #66) at the trade show on Wednesday, September 13th from 3:30 pm to 7:00 pm.  Stop by to discuss how our experienced staff can assist you and your agency … [Read more...]

Goldleaf Surety Can Assist You With Your To Do List

It's hard to believe that we are already over half way through 2017.  Just this last weekend my husband and I were trying to figure out where the year has gone, and how it is we still have so many things on our 2017 To Do List that we have not even started. If one of the things on your To Do List is finding the right surety partner for your agency, let Goldleaf Surety cross that item off for you.  Whether you’re looking for a license and permit bond, commercial bond, bid or performance bond, … [Read more...]

Goldleaf Surety to Attend PIA of Wisconsin Trade Show

Goldleaf Surety's New Business Intake Manager Lori Olson and Regional Sales Manager Kevin L. Kohlbeck will be attending the Professional Insurance Agents of Wisconsin's 68th Annual Convention and Trade Show August 2nd through 4th.   This year's trade show will be held Thursday, August 3rd from 12:30 to 3:00 pm at the Potawatomi Hotel & Casino in Milwaukee. We would like to invite you to visit us at our booth (#3).  Stop by to discuss how our experienced staff can assist you and your … [Read more...]

A Reminder From Goldleaf Surety on “I Forgot Day”

July 2nd is I Forgot Day.  And if you are like me, you are notorious for forgetting things like birthdays, anniversaries, names, addresses, phone numbers, and appointments.  And, the older I get, the more I seem to forget! And while there are many things that we forget everyday, large and small, one thing you should not forget is to contact Goldleaf Surety for all your bond needs. With our tremendous capacity, huge range of solutions, and exemplary service, Goldleaf Surety Services should be … [Read more...]