Bail Bond Company

[kwame]

Can someone kind of explain the basics of this to me? The state requires a 25K surety bond to start a bail bond company. Does a new surety bond have to be opened for each client that is bailed out if jail? I am very interested in getting this started, but I am not 100% sure how it works. thanks a lot.

[Admin]

You need to keep the different types of bonds strait.

The $25K bond required by the state is to guarantee the performance of your company per the terms of the state.

You can apply online for the bond to open your company.

Bail bonds (a different kind of surety bond, one which we do not write) are required by the courts for each individual case.



Let me know if you have any further questions.

[kwame]

So each time someone is bonded out of jail, the bondsman is writing a new bond? What determines how much the bondsman can write a bond for? Are there companies that specialize in writing bail bond sureties? Thanks.

hi

bailbonds are written on different terms.you don't need a bond for small bails(under 10,000) it's difficult to find a company for something that small.your also going to need a buf(build up fund). onces you get some capital you can use us savings bond(7 year yields) i suggest your first bond being 20,000 or less and never write more than 1/2 of the face value bond just in case you first client is a runner.


p edwards