Sunday, 20 February 2011 18:05

How to open a bail Bond company in Suffolk County New York

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February 20, 2011

Affordable Bails New York Inc. located in Central Islip Suffolk County New York posting bails in Central Islip and Riverhead and all Suffolk county courts brings you an interesting article on how to open a bail bond company.

How to Open a Bail Bond Company

  • Overview

Bail bonds companies help defendants to gain release from jail while they await their trials. They charge defendants for this service, and in many places, the typical fee is 10 percent of the bail set by the court. The bonding company is then responsible for paying the defendant's entire bail, or tracking him down and turning him in, if he fails to show up for court. Bail bonding can be a lucrative business to start, but many states require bail bonding businessmen to earn licensing before they get started.

Step 1

Learn the laws that govern bail bondsman licensing  located in Central Islip Suffolk County New York   New York. The department of insurance for bail bond agents located in Central Islip Suffolk County New York  require bail bondsmen to be licensed, and the process of earning a license may vary from State to State. Bail bonds services are not even allowed in some jurisdictions. You can learn the licensing requirements in your state by checking with your state's department of insurance, the local criminal court or even the sheriff's office.

  • Step 2

Meet the criteria for becoming a bail bondsman. Each state has unique licensing prerequisites for bail bonds men located in Central Islip Suffolk County New York . For example, you may face minimum age requirements and have to complete a training or classroom education program. You may also be subject to a background check and fingerprinting. Some states even require aspiring bail bondsman to become private detectives and have experience in law enforcement.

 

 

  • Step 3

Apply for a bail bondsman license. In most states, you will have to complete an application with your state's department of insurance and pay a fee to obtain licensing.

  • Step 4

Obtain a business license. Many cities and towns make business licensing a requirement for all parties doing business in the jurisdiction. You will typically have to pay a fee and fill out an application to secure a business license.

  • Step 5

Get bonded and insured. This involves paying a premium to an insurance or bonding company as a guarantee that you will perform your work properly. You can learn the exact requirements for bonding and insurance through your state's department of insurance.

  • Step 6

Choose a good location for your bail bond company. You may improve your chances of being successful in this business by securing commercial space near a jail or courthouse, in a major city or in a high-traffic area. Being close to highways or public transportation may help as well.

  • Step 7

Advertise your business. Place ads in local telephone directories and newspapers, and pass out fliers near jails in the area. If your state department of insurance or local criminal court maintains a list of bail bonding companies, have your company information added to it. Creating a business website and using keywords related to bail bonding and your town or city may also give your business more visibility. 

Last modified on Tuesday, 15 March 2011 17:17
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Corporate Headquarters located Affordable Bails New York Inc. Corporate Headquarters Located 320 Carlton Avenue Suite #1000 Central Islip, NY 11722 Tel: 631 234-2663
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