How to Become a Bail Bondsman

Step 1

Check if the state where you live allows for the bailing option for criminal suspects. Learn if there is a deficit of bail bondsmen in the region, and learn about the already established bail bond agencies and the number of people opting for bail.

Step 2

Check the prerequisites for obtaining a bail bondsman license, such as minimum age, qualifications, property details, finger prints or pictures. In most areas, a potential applicant must be at least 18 years of age.

Step 3

Contact the licensing authority in your state, which is normally the Department of Insurance. A bail bondsman must be recognized by the Department of Insurance because of the large sums of money and property involved. (This might not be necessary if you have sufficient personal cash reserves to compensate for losses.)

Step 4

Find out if there are examinations or specially-designed courses (concerning the legalities and technicalities of bail) that are needed to obtain the license. Investigate the fee structure and any discounts offered. Depending on your state regulations, you may be required to pass a written exam from the Department of Insurance.

Step 5

Arrange for a tie-up with the insurance company of your state. Make sure that the provisions cover all of your future collaterals appropriately and also cover your family against financial risks associated with this career choice.

Step 6

Get detailed information about the contract with the insurance company and their general agent and check it out with your attorney. Thoroughly understand the legal terms, rules and regulations mentioned in the contract.

Step 7

Confirm that your "Build Up Fund" (BUF) is placed in a secure FDIC (Federal Deposit Insurance Corporation) account. A BUF is the bondsman’s money that is put down as a "deposit" with the insurance company, ensuring that the bondsman will work to the company's satisfaction in accordance with the stipulations in the contract. If the bondsman commits foul play, the money is seized and is used to clear all of his legal liabilities. If the bondsman carries out his work properly, it almost becomes a retirement benefit.

Step 8

Procure your license and start to practice under the general agent of the insurance company.

Step 9

Gain experience by joining a reputable bail bonding agency. After getting some experience, you may consider starting a bail bonding agency of your own.

Application Forms

Application for Bail Bond Agency
Personal Financial Statement

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