How does an insurance company successfully, and profitably, underwrite bail bonds? There's no hidden formula, no magic trick. There's not even a secret code. Whether it's your primary product line or a secondary offering, the answer is the same–first and foremost the company has to enlist only the best agents.
Unlike other insurance offerings, bail is primarily underwritten by the agent, not the home office. These agents are the ones on the front lines, deciding which defendants to bond. They assess if the defendant is a good risk or not. Their decision-making abilities can make or break your bail business.
That is the first of nine fundamental business rules that will enable your company to be successful.
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