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About $750/$250,000 with a leading insurance company

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Q: What is the average cost of liability insurance for a bail bondsman?
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Related questions

What all do you have to do to become a bail bondsman?

In order to become a bail bondsman you need to receive your bail bondsman license and take certain exams and need to be approved by the insurance department to be a recognized bail bondsman.


How do you get information on the requirements of being a bail bondsman?

In most states the licensing of bail bondsman is done through the Department of Insurance of that state. I would start there when seeking any information.


What will i be charged with for hitting a bail bondsman vehical?

my bail go revoked and I hit the bail bondsman's car in the process


Can a bail bondsman apprehend from ny to fl?

Yes, a bail bondsman can travel to other states to apprehend fugitives. The courts, in fact, expect a bail bondsman to do exactly that when necessary.


Do you get money back from bail bondsman?

No. When posting bail (bond) you pay a bondsman an amount negotiated usually 10% of the total bail amount. Example $50,000 bail, you pay the bondsman $5,000 then put up co-lateral worth $50,000 and the bondsman is the one to pay the State/Court the balance. If the person on bail forfeits (skips out) on the bail then the collateral becomes property of the bondsman. The original $5,000 is how the bondsman earns his living.


How to become a bail bondsman in Indiana if your not a resident of the state?

Only residents of Indiana can be legally licensed as a bail bondsman.


How old must you be to become a bails bondsman?

Bail bondsman are regulated by each state. In most states the minimum age to become a licensed bail bondsman is 18.


Can a bail bondsman garnishee wages?

no


What actors and actresses appeared in The Bail Bondsman - 2005?

The cast of The Bail Bondsman - 2005 includes: Chad Mathews as Sean Thomas


How do you bail someone out of Riker's Island?

The first thing to do is contact a bail bondsman to find out the amount that is needed for bail. Once done, you must pay that amount to the bondsman and the bondsman will go to jail, pay the amount and that person will be released.


How much of the 10 percent does the bail agent give the bonding company?

There are several types of bail agents or bondsmen as they are commonly called. The most common bondsman works unders a surety (insurance) company. They are licensed insurance agents. The bondsman will pay any where from 10 to 20% of the bail bond premium fee , ( the 10% of the face value of the bail bond), they collect from a client, to their surety company. In other words, the bondsman gets to keep 80 to 90 percent of the bail bond premium fee they collect. The rest goes to the surety company. Another type of bondman is a professional of property bondsman. In this case the bondsman pledges real property with the state of county that they wish to operate in, as collateral to gaurantee that they can pay off any bond they write if the defendant skips bail. This bondsman, keeps the full amount of the bail bond premium fee that he or she collects. The last and least common type of bondsman is one that pledges cash or securities with the state or county they operate in in. Again, this collateral is used to guarantee the ability of the bondsman to pay off a bail bond if the defendant fails to appear and can not be located and returned to court or jail. Since this bondsman is pledging his or her own money, they keep the full amount of the bail bond premium fee collected. The term bondsman is gender neutral. Slightly over half of the bail agents in the U. S. are women.


What is the name of the person who signs bail?

bondsman