The Alabama Bail Agent Surety Bond, or Corporate Surety Bond, is required by the Alabama Department of Insurance. This bond is required to have a bond amount of $25,000. The underwriting of the bond is based off of personal credit and the rate will vary depending on credit.
In order to legally operate a professional bail company, there needs to be an authorization given by the presiding circuit judge in the county where the company would want to operate. This authorization, which is received annually, needs the company to
comply with several requirements in order to get the authorization. First is to get a power of attorney, a document, or even a letter which will indicate any limitations, plus all the agents who are authorized by the company. There is also a need for an original affidavit to be filed with the clerk of the circuit of the county which states that the requirements have been met.
One of the most important requirements is that the company should get an Alabama Corporate Surety Bond amounting to $25,000. Check out this corporate surety bond form that you will fill out in order to get the needed authorization to conduct your business.
The bond is needed in order to protect the public. It is to make sure that you will conduct your business in a professional and legal manner. It will assure the public that you will fulfill your obligations and whatever else is stated in the contract.
The process is easy. Just fill out this easy to navigate, online application form and within 24 hours (Monday – Friday) one of our licensed agents to contact you with a firm quote. Then you sign some paperwork, make payment and get your bond.
Surety1 has been offering bonds in Alabama since 2003 and we have been rated A+ by the Better Business Bureau so you can be assured of getting the quality service for you Alabama Corporate Surety Bond Needs.