A Bail Bondsman, also known as a bond agent is generally defined as a person or a company that pledges money or property as bail to insure the appearance of a criminal defendant in court. Usually, bail bond agents charge a fee equal to 10 percent of the defendant’s bail. However, if the defendant fails to appear in the court, the bail bondsman has the permission to legally hunt the defendant down with the help of a bounty hunter. Adding to the bondsman may even pressurize the defendant to return to the jurisdiction of the court. The bond agent can also file a lawsuit against the defendant to recuperate from any costs incurred due to the defendant’s failure to appear.
Not too long ago, working as a bail bondsman was considered to be a family business, but today it has turned out to become a more mainstream profession than ever before. In fact, with the rise in the media attention movies, television shows and books, the bail bond industry has become the next hottest home based business. Booming career growth and the rewards in the bail bond industry has helped many people make a career as a bail bondsman. Today, indeed it is a very rewarding career field that lends itself to flexibility and a lot of free time to do those things you desire.
Salary Outlook
In terms of salary, the bail bondsman’s income varies depending upon the geographic areas and the responsibly a person is handling for the company. There are some very successful bail bondsmen that make a great salary. Generally, if you are new to this profession then you can expect $10-$15 per hour as a bail bond agent salary. As you start gaining more knowledge and understanding the more basics of this industry, you can expect a salary up to $50,000 per annum. Some bail bond salary’s can range up to $150,000 per annum. Nevertheless, as an owner / operator of your own bail bond company you might easily anticipate up to several hundred thousand dollars yearly. In fact, these days many big companies pay commission.
Bail Bondsman Training
Although, the job of a Bail Bondsman might seem to be a very interesting or profitable career, but it also involves various legal issues. A bail bondman must be aware of all legal aspects and this particularly requires proper training. In order to meet this, today there are various top collages that provide related courses or bail bondsman training. Enrolling in these relevant courses can help you train to handle legal issues. Nevertheless, it is important to note that the bail bondsman training generally varies from state to state. The knowledge you need to know is generally same, but one important factor that you need to know is the laws that apply to your area. It might be possible that the law of state may vary from one another. Some states have reasonably strict training programs while other states are very easy to get into.
How to Become a Bail Bondsman
You need to be licensed by the current state you live in. You should check with the Department of Insurance because you will need to be appointed by the insurance company as a bail bondsman. Some states require classes to be taken regarding the insurance license. After you have obtained a bail bondsman insurance license, you can start posting bond within a few days. There are limits on your surety license so be sure to check what those are.
It is always good to read as much as possible and do your due attentiveness before deciding to start career in this industry. It is not an easy job, and it is certainly not as glamorous as the media sometimes make it look. Bondsman is usually at jails in downtown areas in the middle of the night which is not always the safest or best place to be especially when clients know you have cash. So, if you decided to make a career in this industry be sure to get all the training you can.
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