Looking forward to get into the bail bond business? Or you are retired and need a new career to get you off the ground? Bail bonds could just be the opportunity you could be looking for. Becoming a bail bondsman is no easy task. You need to know all the aspects surrounding the profession. First of all, let’s take a look at what a bail bondman’s job description is and then how to get your license to start your own firm.

Bail Bondsman

A bail Bondman is a person or firm that arranges payment for bail to the accused, or a suspect in a crime detained in a jail. A bail bondsman pledges cash or assets as a guarantee for the detainee to be set free. Bail bondsman also arranges an arraignment, which is a certain percentage of the required bail money. It is usually 10%. In rare cases, it could be a little more, depending on the amount of bail to be set. So, we have a rough understanding of what the bail bondsman job really requires. Now here are some pointers on how to get a license and get a head start on your career.

Procedure

First of all, check for information regarding bailing options in the country you reside in. If bailing and bail bonds are allowed in your area, gather information about bail bondsman agencies around the city or region and the number of people opting for bail.

Look into different schools for bondman training and gain necessary qualifications. You may be required to go for finger printing, and get a police certificate. Training is required to gain a proper bail bondsman license. And the potential candidate should be an adult, or at least 18 years of age.

After that, contact the licensing authority in your state. This is normally the Department of Insurance. So, basically this means that after you have gained your qualification and finished the course, you’ll have to be appointed by the Insurance department as a recognized bail bondsman, to obtain your license. This is because there are large sums of money and sometimes property involved.

When you have contacted a licensing authority, you are then required to sit through examinations to obtain a full bail bondsman license. You need to have proper training, because this job requires that you be aware of all the laws and techniques involved in the bailing process. Depending on your city, the law might require you to sit for a written examination in the Department of Insurance.

After that is over with, get a bail bondsman “surety insurance” as well as all the detailed information you can get about the insurance company and their general agents. Be sure to get an insurance cover for your family as there are quite a lot of risks involved, and do hire an attorney to review the policy over with you.

After the insurance policy is done, confirm that your build up fund or BUF is secure in a federal account (FDIC). A build up fund is money placed with the insurance company that makes sure that you will work to their satisfaction according to the signed insurance contract. In a case there is foul play during any bailing process, the money is taken away and used to clear debts and liabilities.

After you have obtained your license, start to practice as a general agent, or get employed at a reputable bailing firm to gain experience prior to starting your own firm.

Author Bio: All Day All Night Bail Bonds is a Colorado Bail Bonds company who specializes in Arapahoe County bail bonds. For any information regarding Colorado Bail Bonds, visit their website today.

Category: Career
Keywords: Colorado Bail Bonds, Arapahoe County Bail Bonds, Auora Bail Bonds, Bail Bondsman