Goldleaf Surety – Building Solid Relationships

Relationship.  It’s a word used in many facets of our lives.  We have relationships with friends, family, neighbors, co-workers, customers.  The list is endless.  Vocabulary.com (https://www.vocabulary.com/dictionary/relationship) defines relationship as a state involving mutual dealings between people or parties or countries.   While the Oxford Dictionary (https://en.oxforddictionaries.com/definition/relationship) defines relationship as the way in which two or more people or groups regard and … [Read more...]

Goldleaf Surety Attending IIAB Conventions

Goldleaf Surety Services Regional Sales Manager Kevin L. Kohlbeck and New Business Intake Manager Lori Olson will be attending the IIAW InsurCon2018.  This year's convention is being held at the Madison Marriott West in Middleton on May 8th and 9th.   Please plan to visit our booth (booth #9) at the Convention Showcase on Wednesday, May 9th from 3:15 to 5:45 p.m. Goldleaf Surety Services New Business Intake Manager Lori Olson will also be attending the Minnesota Independent Insurance Agents … [Read more...]

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...]

Goldleaf Surety to Host Construction Law Seminar

Goldleaf Surety Services will be hosting a Construction Law Seminar on Tuesday, March 13th.  This seminar will be held at the Country Springs Hotel in Waukesha, Wisconsin. This year’s key note speaker will be William E. McCardell.  Mr. McCardell is a partner in the law firm of DeWitt Ross & Stevens in Madison. He focuses his practice on two distinct areas of law (1) representing management interests in labor and employment law; (2) representing the construction industry in contract … [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...]

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...]

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...]

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's 110th Annual Convention and Trade Fair.  This year's convention is being held October 12-13 at the Embassy Suites in Lincoln. We would like to invite you to visit our booth at the Trade Show on Thursday, October 12th from 4:30 pm to 7:30 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 from … [Read more...]