Keep Bailing

If you are having ideas for a new career like many people these days, maybe you’d like to know how to become a bail bondsman. It probably seems like easy money: answer the phone, collect 10% of the total bail amount, post the bond… “next!” Before you take any of the steps necessary in getting licensed by the Department of Insurance (yes, you will have to pass a test), you might want to take a look at the life of a bail bondsman.

(Assumedly, you already know how bail bonds work, so I’ll skip those details.) In order to survive as a bail bondsman, be prepared to be on call 24 hours a day, 7 days a week, 365 days a year. Any good bail bondsman or company will tell you, the entire livelihood of the company is generated from the 10% premium of the bail that is written. If you are not willing to take calls on Saturday morning at 3:00am, you probably won’t be in business for very long.

Additionally, doing all the necessary technical steps to becoming a bail bondsman are very straight forward, but becoming a bail expert is not. As a bondsman, you must use judgement and tolerate risk well. A bondsman is personally responsible for the liability of the full amount of every bond written. Although a bondsman is underwritten by an insurance company, as Greg points out in “What Makes A Bail Bond Different” the liability first falls to the bondsman. If you don’t have good judgement, you’ll be bankrupt in no time. Ready to take on hundreds of thousands in liablity?

So, if you don’t mind night owl shifts, birthday, Christmas and Valentine’s Day interruptions (and your friends and family understand this), and you have excellent judgement and a strong backbone for risk, you may be a good candidate to become a California bail bondsman.

Tune in tomorrow for recommended steps and qualifications in becoming a licensed bondsman. Now, I’m off to take my bail pre-licensing class…