All Things Bail Bonds

The company owner makes money.

A bail bond company collects a fee (usually about 10%) in exchange for bailing someone out of jail. If the person is ricky, the bondsman will often collect collaterall equal to a percent of the bond. In some cases, they may require full collateral. In these cases, their risk of default is fairly low.

A bail bond company also known as a bail bonding agency is generally able to post bonds throughout his or her state. Bail bond companies/agencies are generally licensed by the state department of insurance for their home state and given the authority to write bail (post a bond) by virtue of a bail surety contract issued by a licensed insurance company. As a bail bond company owner you can employ sub-agents to work under your contract and thus make a small percentage of their bond postings. Also as an owner of a bail bond company you have access through your appointing insurance carrier to post bonds on a Nationwide level.

If you are thinking of becoming a bail bond agent your first step would be to contact the Dept. of Insurance for your state and ask what the requirements are for a bail bond license. Once you have completed all the state requirements you will need to have an insurance company or General Agent issue you a bail agent’s appointment. Most of the time new agents start out first working for an existing bail company until they feel they have enough experience to go out on their own.
Below are some resource links that may help you further.
Regards,
The Bail Bondsman