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Guidelines about Connecticut Bail Bonds Group

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Surety bail bondsmen make up the vast majority of bail bond agents around the world. There are some people whose companies lack the financial capital to back up the bail bonds they issue. Instead of using real estate, the bail bondsman works with an insurance broker to provide collateral for the bail bond. Surety bail bondsmen are essentially insurance agents, and as such, they must have a certificate of property and casualty insurance. The “premium” or rate (the 10% ) is set and cannot be adjusted by the bondsman since these forms of bail bonds are simply insurance. This is the figure that the insurance company submitted to the Insurance Commissioner, and it must be adhered to. This is why, when looking for a good deal, the first question to ask is, “Are you a Surety or Property bail bondsman?” Learn more about Connecticut Bail Bonds Group.

Property bail bonding companies, on the other hand, have pledged real estate as collateral for the bonds they write, and are thus exempt from any pricing restrictions. The only limiting factor on price with a property bail bondsman is profit vs. risk. And taking risks is important. How do you get the best offer now that you know you need to find a property bail bondsman first? We consider discounting in terms of benefit vs. risk as a property bail bondsman. Taking away risk is the most powerful way to get me to slow down.

What’s the best way to go about it? For a property bail bondsman, the cosigner is the most critical factor when determining risk. A bail bond is a three-party contract between the bail bondsman, the defendant, and the bond’s cosigner (a person who agrees to be held civilly liable for the full sum of the bail if the defendant fails to appear at any of their court dates).

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