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.