The client asked if I would do it for 3%.
All bail agents are licensed thru the Dept of Insurance. It's basically a government job. The state of California mandates what we can charge. In California it is a 10% premium. We are allowed to go as low as 8% if you are a Union member of have an attorney referral.
Each bond we write has a cost to us. Just like every other industry business has its cost. We pay our insurance company their own premium charge to us.
Now I'm writing this so people know how ridiculous it is to ask a bail agent to write your bail at 3%... Do your math, & ask yourself if you think that's what bail agents get up in the middle of the night and put up $20,000 of their own money for. So that YOU, can get out of jail.
I love my smart clients that understand this is business, it's not personal.
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