What is a Bondsman?
What is a bondsman? Simply put, a professional bail bondsman post bonds to get their clients out of jail. They are able to do this because they are licensed through the Missouri Department of Insurance and have allowed their assets to be frozen by the state in case the bonds needed to be covered. This allows them to vouch for thousands or even millions of dollars for a bond. When the bail bondsman posts a bond, the bond covers the amount of their clients bail, and is backed up by the money the bondsman has frozen through the state.
Bail bondsman are able to profit from this because they charge a fee for their service, which is usually ten percent of the total bond. For instance, if a client has a $10,000 bond, the bondsman would charge them $1,000 to post it. This $1,000 is the revenue the bondsman generates in exchange for risking his assets and providing the service (showing up, filling out paperwork, answering calls, providing information…). Once their company overhead is subtracted, the rest is their businesses profit.
If you have questions concerning the bail bonding process itself, or what you need to do to get a bondsman, that information is provided on How Bail Bonds Work. For information about St. Louis or St. Charles County bail bonding practices, feel free to check out our St. Louis and St. Charles pages. If you have any more questions about bondsman or bail bonding, feel free to call us and ask: (314) 344-0404.