Meet Goldleaf Surety’s Administrative Professional

On Administrative Professionals’ Day, we would like to take time to introduce you to our administrative professional.  And to thank her for all of her hard work and dedication to Goldleaf Surety. The friendly voice on the other end of the phone when you call into Goldleaf Surety is our Administrative Assistant Gwen Olson.  And while most people who work with Goldleaf Surety know her  only as the friendly and helpful voice at the other end of the line when they call in, Gwen’s contributions to … [Read more...]

Goldleaf Surety Can Assist You With Your To Do List

It's hard to believe that we are already over half way through 2017.  Just this last weekend my husband and I were trying to figure out where the year has gone, and how it is we still have so many things on our 2017 To Do List that we have not even started. If one of the things on your To Do List is finding the right surety partner for your agency, let Goldleaf Surety cross that item off for you.  Whether you’re looking for a license and permit bond, commercial bond, bid or performance bond, … [Read more...]

It’s National Limerick Day

There once was a bond need so dire, the poor agent had his feet to the fire, but he contacted the pro Goldleaf Surety you know, and the bond they soon did acquire.   While our limerick writing ability may not be the best, rest assured that our underwriting abilities are. Our surety specialists are experienced professionals with backgrounds in areas such as accounting and business finance. Goldleaf Surety is able to understand the complexities of the situation and present these to a … [Read more...]

Meet the Newest Member of Goldleaf Surety’s Management Team

Goldleaf Surety would like to introduce you to the newest member of our management team, Rita Jorgenson.  Effective January 1, 2017, Rita has been promoted to our management  team and shareholder.  Rita has been with Goldleaf Surety since 2001.  Over the past 16 years, Rita has had an opportunity to work with bond needs in a variety of industries including construction, service, technology, and private equity, acquiring a vast knowledge of the surety industry. In addition to her new … [Read more...]

Goldleaf Surety Assists Glass and Glazing Contractor

Goldleaf Surety Services recently assisted a large general contractor's glass and glazing division obtain bonding on a $6,500,000 project for  the operable window system, glass, and glazing to a luxury suite renovation at an NFL stadium.   In addition to the challenges relating to the type of work being done and the size of the contract, this bond included review of six related entities to include on the indemnity agreement; a multiple oblige rider to included 5 obliges;  and obtaining an All's … [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 Surety Announces Retirement

Goldleaf Surety's Commercial Bond Manager Ronae Rose retired March 31st after 12 years with Goldleaf Surety. Ronae started with Goldleaf Escrow assisting Fund Control Administrator Jan Sachariason with the fund control accounts.  Ronae then moved into the position of Commercial Bond Manager handling and overseeing the commercial bond division for the past 11 years.  Ronae developed the structure that is in place today for the commercial department at Goldleaf Surety. Goldleaf Commercial … [Read more...]

Surety Bonds and Bank Letters of Credit Comparisons

By:   Jack Anderson, President This is the final post in a series of blog posts where we have been exploring surety bonds and bank letters of credit – what each is, their differences, as well as advantages and drawbacks of each. Today, we are going to discuss the advantages and drawbacks to both a surety bond and a LOC. Let's start with the advantages: Surety Bonds Since the creation of the surety bond does not go through a bank or financial institution, a surety bond can free … [Read more...]

Goldleaf Surety Holds Its Summer Outing

Goldleaf Surety staff took some time away from work on Friday, July 17th to enjoy some fun in the sun. We were treated to lunch and a relaxing afternoon on a beautiful Minnesota Lake. Those of you who don't live in Minnesota will find it hard to truly appreciate how much we look forward to these fleeting summer days after our long, cold winters! Goldleaf Surety's President Jack Anderson was our cook - with assistance from our Vice President Brenda Risa - for the amazing noon lunch. We enjoyed … [Read more...]

Tips to Maintaining Good Surety Credit

One of the topics covered at the January 20th Contractor Seminar in St. Cloud was key elements to maintaining surety support. Goldleaf Surety Services' President Jack Anderson emphasized that the key element is communication. Surety companies do not like surprises when it comes to a company's financial picture. Some of the key items that companies need to communicate with their surety and their surety underwriter include: Change in Ownership Surety companies need a correct indemnity … [Read more...]