Missouri
5 percent of the bond is the normal rate, as high as 15 percent for high risk. But every bond wrote has a third party indemnify, meaning when I...
It can be very cut throat, Most of the bail agents in my state are getting old and retiring so there's an influx of younger agents getting in it....
Guess Geico and progressive are doing that also? We turn down over 70 percent of bonds. Also any large bond must be backed by property. Like I...
Yes it's not really scalable. You can hire sub agents and cover more area but you lose out on premium. The max one person can make is about 150k...
This is true, but for reason different then you think. Large insurance company's are getting involved in it. Some large investment firms are...
Yes it's a service, but it's a highly lucrative return. I know people will say if somebody doesn't show up you'll lose money. But thats not the...
You have to have a minuim net worth of 50k for the missouri department of insurance to approve you. You also need an insurance license and a law...
Because it's not scalable to that amount, you can only work so much doing it. I spend roughly 25 hours a week doing it. Some guys hire sub agents...
That's right I make roughly 100k on a 100k portfolio every year, for the last 7-8 years. This is how I do it. In my home state you can write bail...
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