Reliable, Responsive, Tenacious and Knowledgeable

I am not a native Minnesotan.  However, I did spend two weeks each summer of my childhood enjoying this state's amazing lakes as my dad was an avid fisherman.   For this reason, Minnesota always held a special place in my heart.  However, even with these good memories, more than twenty years ago when my husband and I decided to move our two small children away from family to the state of Minnesota, we were both somewhat nervous about whether or not it was a good decision for our family.  I can … [Read more...]

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 – 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...]

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 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...]

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...]