People frequently ask what makes people decide to join the bail bonds industry. For example , if you look at our business, our employees are extremely diverse in their professional backgrounds. Another was an director of the credit union, another was majored in economics. We have managed to round off with a football mom and a journalist. The argument I’m more leaning towards is that not everyone in our line of work looks like they’ve rolled out of a biker bar; nor is this visual picture more widely associated a prerequisite for those who want to get their bail license. check this link for more info.
I would find out, too, that Hollywood is wrong. Spending their days jumping chain link fences and chasing bad guys down dark alleys isn’t normal for people in our industry. In reality, we are far more focused on the administrative tasks. This can be a little confusing; particularly after all you’ve seen in the movies. Let me explain in for a moment.
Anyone negotiating and transacting bail is expected to obtain a license from the California State Insurance Department (SDI). That being said, bail bonds should be treated in the same way as one might look at any other insurance policy. The biggest difference is that a bail bond is an insurance policy that ensures the defendant can go to trial instead of offering protection against injury or theft. Our staff are much less “Dog the Bounty Hunter” and much more like Tom, your self insurance man.
Apart from requiring licensing of bail officers, the SDI also controls many other facets of our business. They have rules about where we advertise and how we do. They have regulations which govern how we name our companies and what we call them. We also set the rate we will charge our customers at. This is a 10 per cent average.
Many firms seek to tempt customers with a pledge of 2 percent or 5 percent bail bonds through the gates, but that is mostly nothing more than bait-and-switch ads. These prices are absolutely legal- because you’re talking to the sum of money that one will have to put down to be eligible for a balance payment program. Selling inexpensive bail bonds or bargain bail bonds is a lot against the rules.
Another misconception in our business is that money from bonds is being refunded. This is not real, either.
When you go back to the example of bail bonds and an insurance policy, you might think of the 10 percent as the benefit premium. Just as the auto insurance company will not cover the deductible if you do not get in an accident, the bail bond fee will not be reimbursed if the defendant goes to court, if there are no charges or if their case is denied.
When the defendant wants to run, on the other hand, this is where things will get complicated. Whenever a bondman posts bond to a suspect, they and the person who signed the bond papers take responsibility for the suspect going to trial. If the suspect decides to run, the bondman has a choice: catch them in jail or pay the full bail amount as a fine, and release them. If the bondsman is unable to locate the defendant on his own, he can hire a bounty hunter to help with the search.