How Do You Start A Bail Bond Company?
A bail-bond company offers services to defendants to secure funds for release until the court appearance date. If the individual doesn’t appear in court, a bail-bond company releases funds to the court on the defendant’s behalf. This type of business earns profits by charging a percentage of the bond, typically about 10 percent. The percentage a bail-bond company can charge is regulated by each state. But before starting this type of business, it helps to have a few tips. Here’s a guide to starting a bail-bond company. Contact your state for bail-bond regulations. The first step in starting your company is contact your state department of insurance for requirements. Some states require that you complete a course before approving your application to do business as a bail-bond company. There may also be a nominal fee to process your application materials. Apply for a business license. Contact you city’s business department, usually located at City Hall, and request an application. There
