Insurance vs. Surety Bonds: Understanding the best protection for you 🛡️ Ever wondered about the distinction between insurance and surety bonds? Let's break it down. Insurance is tailored to safeguard the insured party from losses, such as injury to an animal in your care or third-party bodily injury, like a dog bite. On the other hand, a Surety Bond is designed to protect the obligee, the party that has entered into a contract with another. The unique feature of a surety bond? It can unlock working capital and asset-based finance opportunities, making your money work for you and opening doors to maximise your potential. Discover how to get your money working for you at insuredcreativity.net.au or reach out to our Director, Jeff McNally, directly at jeffrey.mcnally@insuredcreativity.net.au #Insurance #SuretyBonds #AssetProtection #BusinessOwner
