Both surety bonds and letters of credit are used as a risk management tool on construction and development projects. For this reason, Goldleaf Surety is often asked surety bond or letter of credit – what’s the difference. In September and October of 2015, Goldleaf Surety did a series of blog post comparing surety bonds and letters of credit in detail. (Surety Bonds and Bank Letters of Credit Comparisons, Part 1; Surety Bonds and Bank Letters of Credit Comparisons, Part 2; Surety Bonds and … [Read more...]
Happy Labor Day!
Labor Day is considered the unofficial end of summer. The last long weekend to spend time with friends and family. Like other holidays, the real reason we celebrate the holiday can be overlooked. So, why do we celebrate Labor Day? It is a day set aside to celebrate the contributions and dedication of the 122 million men and women who are in the United States workforce. The first Labor Day in the U.S. was celebrated on Tuesday, September 5, 1882. It was held in New York City and planned … [Read more...]
Legislation Affects MVD Bond Requirements
Several states have enacted new legislation affecting Motor Vehicle Dealer (MVD) Bond Requirements. Alabama HB 393, which becomes effective October 1, 2020, makes several changes to the regulations governing the issuance of a motor vehicle dealer license. One of these changes increases the license bond amount for new motor vehicle dealers, used motor vehicle dealers, motor vehicle re-builders, or motor vehicles wholesalers to be for not less than $50,000 or another amount that the Department … [Read more...]
Meet Goldleaf Surety’s Newest Team Member
Goldleaf Surety would like to welcome the newest member to our team, Cal Anderson. Cal grew up in Montevideo and worked at Goldleaf during the summer throughout high school and college. He attended North Dakota State University in Fargo, ND, majoring in finance. Once he graduated, he moved to the twin cities for a few years to expand his knowledge of the insurance industry. He has now returned to work at Goldleaf full-time as an Account Specialist. He enjoys spending time at the lake … [Read more...]
Happy 4th of July
Goldleaf Suety Services Wishes You a Happy 4th of July! Freedom is never given; it is won. - A. Philip Randolf Let each one of us make a promise to ourselves that as long as we live, we will help America grow into a better nation with each passing day. Our offices will be closed Friday, July 3, so that our staff can spend the holiday with family. We will be back on Monday, July 6 ready to assist you with all of your surety bond needs. Have a fun and safe … [Read more...]
Goldleaf Surety Is Here for You
Goldleaf Surety is here for you when you have questions about or need help navigating the world of surety bonds. For over 20 years, our experienced and knowledgeable staff has been here for you. And, as we move forward in ever-changing and uncertain times, Goldleaf Surety will continue to be here for you when you have questions or need help navigating the world of surety bonds. In these times of a “new normal,” construction projects continue to move forward and certain things remain the … [Read more...]
A Fidelity Bond Can Help Protect A Company
More often than most people realize, employees steal from their companies. Employee theft can add up to hundreds of thousands of dollars each year. Not just monies are stolen. Thefts can include supplies, inventory and even company time. And, it’s not just limited to theft at the company’s office or job site. Thefts can occur when employees are on site at a customer’s home or business. Is there a product that can offer protection to cover employee dishonesty and theft? The answer is … [Read more...]
Goldleaf Surety Loves Being Your Surety Partner
On Valentine's Day, Goldleaf Surety wants you to know we love being your surety partner! In today’s culture, Valentine’s Day is a commercial celebration of romance and romantic love. However, as we all know, love has many different meanings in addition to romantic love. When Goldleaf says we love being your surety partner, our definition of love as defined by Google’s dictionary is “a great interest and pleasure in something.” We have found that, unlike us, most agents do not love surety … [Read more...]
Goldleaf Surety and New Year’s Resolutions
It is hard to believe that the first month of 2020 is almost in the books. While most of us talk about New Year’s resolutions the first week in January, this post looks at New Year’s resolutions one month into the New Year. I gave up New Year’s resolutions many, many years ago because I usually did not even make it through January before my commitment to the resolution was gone. Come to find out, I am not alone! An article on the Forbes website from 2018 says studies have shown that less … [Read more...]
Goldleaf Surety Wishes You Happy Holidays!
Happy Holidays from the team at Goldleaf Surety. We wish you peace, joy and prosperity this holiday season. We appreciate working with all of our partners and hope the coming hear will bring you happiness and success. From our family to yours, MERRY CHRISTMAS AND HAPPY NEW YEAR! … [Read more...]