| It's that time of year again to address how your clients’ year-end planning issues can affect their company's bonding program - both capacity as well as terms and conditions. The "quality" of year-end statements is a topic often discussed by Big “I” Markets partner Goldleaf Surety's Account Specialists with clients. The chart below can be used to identify the various levels of financial statements that can be submitted with a bond application and at what point a company should consider engaging a certified public account (CPA):
 Goldleaf has developed the above chart as a guide only. It represents standards used in the surety industry generally, but it is not intended to represent strict standards or "rules" that must be followed in every case or by every company. In fact, Goldleaf Surety specializes in helping clients work around these standards in a variety of industries where they do not apply and for special circumstances where companies need surety support but do not have the qualifying level of financial statements. Goldleaf's expertise often enables them to respond in situations that numerous surety companies have declined. Simply stated, they concentrate on the possibilities rather than just the problems, and are exceptionally good at helping companies obtain the surety bonds they need. Goldleaf's Account Specialists can provide counsel to agents and their contractors with both year-end considerations as well as other surety considerations that are needed to grow the company and improve its surety support. For more information on bonds, or for help with your clients' bond needs, log in to
www.bigmarkets.com or email
bigimarkets@iiaba.net and an underwriter will contact you. |