National Dictionary Day is observed annually on October 16th, to celebrate the birthday of the father of the American dictionary, Noah Webster. In honor of National Dictionary Day, Goldleaf Surety is defining common surety terms that are not always familiar to individuals or companies when they first start working with bonds Surety Bond – a surety bond is a three-party agreement between a surety company, an oblige and a principal. The third party (surety company) guarantees to the second … [Read more...]
Goldleaf Surety Will Attend Upcoming Trade Shows
Goldleaf Surety will attend two upcoming trade shows, the ReWire and ReConnect MIIAB Expo and the IIAW InsureCon 2021. New Business Intake Manager Lori Olson and Vice President Brenda Risa will be attending the Minnesota IIAB Expo on Tuesday, August 10th. This year’s event, ReWire & ReConnect, is being held at the Mystic Lake Center, Prior Lake, Minnesota. Please plan to visit our booth (booth #816) at the Exhibit Hall on Tuesday from 2:00 to 6:00 p.m. New Business Intake Manager … [Read more...]
Happy Independence Day!
"America is a tune. It must be sung together." -Gerald Stanley Lee Happy Independence Day from Goldleaf Surety Services! Freedom is one of the most priceless gifts in life. As we celebrate this special day, let us aspire to observe the principles on which this great nation was built; always be grateful for the freedoms we have been blessed with; and continue to work hand in hand for a better tomorrow. Our offices will be closed Monday, July 5th, so that … [Read more...]
Graduate to a Better Surety Partner
Over the last month, my family and I have been receiving invitations to both high school and collage graduations for the children of our family and friends. It is such an exciting time in life and definitely an accomplishment to be celebrated. While many see this milestone as an end to a chapter of their lives, the word commencement is defined as the act or celebration of beginning. Commencement ceremonies celebrate the beginning of a new chapter in life, not the end of the old. While we … [Read more...]
Goldleaf Surety Partners Win Excellence in Construction® Award
Goldleaf Surety is proud to announce that two of its general contractor partners have been awarded the Associated Builders and Contractors (ABC) Excellence in Construction® (EIC) Award at the 2021 ABC Convention. These awards honored 87 construction projects from 2020 with a collective worth of nearly $2.7 billion. Our partners won the Excellence in Construction® Award in the private residential project over $5,000,000 and the commercial project over $25,000,000 categories. According to the … [Read more...]
Happy Administrative Professionals Day
According to the U.S. Bureau of Labor Statistics, there are more than 3.6 million clerical and administrative assistants in the U.S. Today, on Administrative Professionals Day, Goldleaf Surety would like to thank our Administrative Professionals who we feel are some of the best of those 3.6 million. Becky Risa, Document Production Specialist Gwen Olson, Administrative Assistant Leanne Duis, Document Production … [Read more...]
Shamrocks, Horseshoes and the Luck of the Irish
This St. Patrick's Day we want to share a secret with you, it isn't about shamrocks, horseshoes, and the luck of the Irish. In fact, it isn't about luck at all. When you need assistance placing surety bonds for your client, you don't need shamrocks, horseshoes or the luck of the Irish on your side. You need Goldleaf Surety Services on your side. As a national surety-only agency, we are here to help. Goldleaf Surety does not retail any insurance – we deal only in surety bonds. If your … [Read more...]
Goldleaf Surety And Your New Year’s Resolutions
If one of your New Year’s resolutions is to be more productive with your time at the office, Goldleaf Surety is here to help you make that resolution a reality. Surety bonds can be a time-consuming, costly and embarrassing process for many agencies. Producers and CSRs can face steep learning curves if they want to handle the product. With hundreds of different bonds available, your staff may not know which markets are most likely to write a particular class of bond, which forms to use, or … [Read more...]
Understanding the Underwriter – Lingering Generalities
After obtaining a basic understanding of the company’s operation and analyzing the current financial condition of the company, the underwriter will consider several questions that go more to the character or management capacity of the key personnel. For many small companies, these issues seem quite unrelated to their ability to perform a contract and are somewhat of a nuisance to address with the underwriter. However, many underwrites consider these issues important to establishing a … [Read more...]
Understanding the Underwriter – Financial Statements
A company’s financial statements are the underwriters next consideration. Like loan officers at a bank, a surety company underwriter weighs your financial statements very heavily when determining whether you represent a risk of loss. Again, surety bonds are a credit facility, and the surety company wants to make sure that your company is good on any losses that might be sustained. On the assumption of zero risk, the underwriter is charged by the surety company with making sure that a company … [Read more...]