A bail bondsman salary is determined by several different factors: the state or county he conducts his business as a bail bondsman, if the bail bondsman works for a bail bond firm or if he or she has their own bail bond agency, and the risk of the bail bonds he accepts.
A Los Angeles bail bondsman salary would potentially be greater than a Las Vegas bail bondsman salary since Los Angeles has six times the population than Las Vegas.
The more populated the area, the more opportunities for crime. Bail Bondsmen salary isn’t very much in areas where there aren’t many people and there isn’t much crime.
If a bail bondsman works for a bail bond agency he can expect to earn the average salary of $20,000 to $50,000 a year.
Most bail bond companies are family owned so the opportunity for moving up in the company isn’t really there. A bail bond agent doesn’t see his true earnings potential until he starts his own bail bond agency.
His potential earnings could then reach into the hundreds of thousands, depending on his location, level of crime and competition.
A bail bondsman salary also depends heavily on the risk he assumes when posting bail for a defendant.
The old saying high risk, high reward is very real in the bail bonding business, but too much risk can send a bail bond agency out of business.
When becoming a bail bondsman, its important to be a good judge of character and thoroughly determine the appropriate risk for your bond business.
If you can’t get your clients to show up in court then you and your insurance company will be responsible for paying the entire bail amount.
The decision to become a bail bondsman is a decision that should be well thought out.
There are a few uncontrollable factors one must consider before deciding to become a bail bondsman.
For instance, bail bondsmen requirements change from state to state and even county to county.
There are four states where you won’t even be able to become a bail bondsman because commercial bail isn’t available.
Those states are Oregon, Kentucky, Illinois and Wisconsin.
Other factors such as population size, bail bond agency competition and knowledge of not only how bail works but a good understanding of the legal system will be necessary.
The following information provides some of the basic necessities one would need in most areas in one’s pursuit of a bail bondsman career.
How to Become a Bail Bondsman In Most US States & Counties
- Age requirements. In most states you must be 18 years or older.
- Never convicted of a felony. A thorough background check and getting fingerprinted should be expected in the process of becoming a bail bondsman in every state.
- A resident of the state. You must be a resident of the state you desire to become a bondsman. Many areas have a time requirement for residency.
- You must be licensed. Almost every state requires you to be a licensed bail bondsman in order to post bail. The cost for licensing and license requirements most certainly vary by location.
- Must be an insured bail bondsman. Unless you are wealthy beyond your means and you’re not concerned about the financial risk of being a bail agent, insurance is a requirement.
- Bail Bondsman training. Although becoming a bail bondsman does not require having a college degree, depending on your location certain classes and examinations maybe required before you can become a bondsman. For instance, to become a bail bondsman in Florida one must complete a 120 hour course before becoming a bondsman.