Goldleaf Surety Services Celebrating 20 Years

On April 1, 1998,  Goldleaf Financial, Ltd. began operations in Montevideo, Minnesota.  And while the company has undergone many changes throughout the past 20 years, one thing has remained consistent - our reputation as the most comprehensive surety services company in the US. When other surety bond specialists or companies are restricted by size, specialty divisions, or other constraints that limit the entire bonding process, Goldleaf has continually brought it all together under one roof.  … [Read more...]

Acora Surety & Insurance Services Recognized

Acora Surety & Insurance Services, LLC has been recognized for reaching the Champions level of Merchants’ Leaderboard program.  Acora Surety & Insurance Services is the agency that issues most of the bonds placed by Goldleaf Surety Services and is owned by the same parent company as Goldleaf Surety . As a Champion level partner, Acora is among the elite in contract surety and is a valued partner of Merchants. Merchants Champion level recognizes contract surety agencies and agents … [Read more...]

Times They Are A-Changin’

As the title of the famous Bob Dylan song says, Times They Are A-Changin’.  And no one knows that better than the Green Bay Packers faithful.  After their first losing season since 2008, the Packers’ owners have gone to work revamping staff and instituting a new game plan for 2018. The times may also be changing in the surety marketplace.  For several years, strong profits, inexpensive reinsurance and competition in the surety underwriting business have worked to a contractor’s advantage.  … [Read more...]

Year End Considerations and Solid Surety Programs

While a company’s year-end considerations are not a new blog topic for Goldleaf Surety (Surety Bonds & End of the Year Considerations-Part 1; Surety Bonds & End of the Year Considerations-Part 2; Surety-Oriented Considerations at Year-End; and Surety Program and Year End Considerations), it is a topic worth visiting this time of year.  How a company deals with its year-end planning can have a significant impact on its bonding program moving forward. For this reason, we feel it is … [Read more...]

Surety Bonds and the Summer Solstice

The June solstice marks the longest day of the year in the northern hemisphere and the start of summer with its early sunrises, late sunsets and long, warm days in between. And while we celebrate the longest day of the year for the many wonderful benefits it brings with it - Goldleaf Surety strives to make sure that the bond application process does not feel like the longest day of your year. In fact, on smaller bid, performance and payment bonds, Goldleaf Surety may be able to help your … [Read more...]

Surety Program and Year End Considerations

It's that time of year  again to address how your company's year-end planning issues can affect your company's bonding program - both capacity as well as terms and conditions. The "quality" of year-end statements is a topic often discussed by Goldleaf Surety's Account Specialists with our clients.  In our December 3, 2014, blog post Surety Bonds and Year End Consideration we discussed the "quality" of a company's year-end financial statements and how these can affect a company's surety  … [Read more...]

Goldleaf Update On Surety Marketplace

Currently,  the surety industry has a lot of excess capital.  This translates into surety companies being fairly aggressive for good, solid contractors.  Surety companies are willing to look at expanding the capacity of contractors and providing better terms to good accounts. As a result of the soft surety market mentioned above,  Goldleaf Surety recommends that good, solid construction companies have a surety checkup periodically to ensure that they are getting the best possible surety … [Read more...]

Goldleaf’s President Participates in MSA Succession Planning Panel

Goldleaf Surety's President Jack Anderson will be part of the Succession Planning Panel hosted by the Minnesota Subcontractors Association (MSA) on Wednesday, May 11th.  The program is being held at the Radisson Hotel in Roseville, Minnesota. The panel, composed of Jack Anderson;  Tom Hubler  owner of Hubler for Business Families; David Levi, Senior Managing Director of CBIZ MHM, LLC; and Dave Senger, business law counselor and estate planning legal advisor with  Moss & Bennett will … [Read more...]

Bonding Capacity and Financial Statements

Goldleaf Surety Services has always stressed to its clients the importance of year-end financial considerations.  Beyond a history of consistent profitability and positive cash flows, surety companies focus a lot of their attention on equity and working capital to determine what level of surety support they are willing to extend.  That is why Goldleaf Surety Services stresses to all of our clients the importance of a regular financial statement review as an important issue in maintaining or … [Read more...]

Surety-Oriented Considerations at Year-End

With tax season upon us, many companies are dealing with their year-end planning issues.  And how a company deals with these issues can have an impact on their surety support for the upcoming year. In my December 2013 blog posts Surety Bonds & End of Year Considerations - Part 1 and Surety Bonds & End of Year Considerations - Part 2, we discussed in detail several year-end considerations that are vital to a company's future surety support.  Good advice from an attorney, banker or tax … [Read more...]