Who are the underwriters for a bail bond?

These underwriters, or sureties, are insurance corporations with which most states require bail companies to partner. There are about 35 major industry players; with their backing, bail companies can write bonds far above their cash on hand. In exchange, the insurance corporations typically take 10 percent of each bond premium.

What happens when you co sign a bail bond?

Co-signing produces untold stress as the person considers whether to pay for bail or their bills. The process sometimes strains relationships—for example, when a co-signer’s romantic partner does not want them to use scarce resources to bail out a loved one.

How much money does a bail company make?

There are about 35 major industry players; with their backing, bail companies can write bonds far above their cash on hand. In exchange, the insurance corporations typically take 10 percent of each bond premium. In 2012, sureties secured more than $13.5 billion in bonds.

What happens if I bail out a person?

You are also at risk of losing the collateral you used to secure the bond, which could be your house, car or other possessions. There are a few options to remedy the issue, though they vary from state to state.

Where can I find a good bail agent?

If you need to hire a bail agent, you can search throughout the United States for a pre-screened bail agent with AboutBail’s trusted network.

Can a defendant be denied bail after arrest?

Defendants who have committed a capital crime or are considered a high flight risk may be denied bail—that is, these defendants will not be released after arrest and prior to trial. Federal and state laws differ as to when judges have the discretion not to grant bail.

Is the purpose of bail to punish the defendant?

The purpose of bail is not to punish the defendant. When it comes to common crimes—for example, shoplifting or reckless driving—the police use pre-set bail schedules. In those cases, the defendant can walk out of the police station after paying the scheduled amount—a sequence sometimes referred to as “catch…