Articles - Bail Bond Insurance
What Is Bail Bond Insurance?
Bail bond insurance is a type of insurance provided by surety companies to bail bond agencies, which play a critical role in the American justice system. Under this system, people who have been arrested and accused of crimes are presumed innocent until proven guilty; but, in many instances, the court will require some assurance that an accused party will appear ...
How Do Bail Bond Insurance Companies Work?
Bail bond insurance companies are an essential part of the commercial bail industry. They work in partnership with bail bond agents to provide security bonds in lieu of bail so that people who have been charged with a serious crime can be released while they await trial. In most states, a judge will determine the amount of bail that an ...
Why Do Bail Bond Companies Need Insurance?
To understand why many bail bond companies need a surety partner to provide insurance, it may be helpful to consider the services typically provided by a bail bondsman. Generally speaking, the process works like this: When a person accused of a crime is arrested and sent to jail, a judge may decide to release the prisoner while she or he ...