New York Bail Agent Bond Guide
If you’re applying for a bail agent license in New York, you’ll likely need this surety bond.
Bond Overview
- Purpose: To guarantee bail enforcers conduct their business ethically and legally
- Who Needs It: All bail agents working in New York
- Regulating Body: The New York State Department of Financial Services
- Required Coverage: $5,000
- Premium Rate: $175
Learn all about the bond requirements and process in this guide.
What Is a New York Bail Agent Bond?
A New York bail agent bond protects the public by guaranteeing that bail enforcers comply with legal obligations and conduct their business ethically.
The New York State Department of Financial Services requires this bond as part of the licensing process for bail agents in the state.
How Much Do Bail Agent Bonds Cost in New York?
A $5,000 New York bail agent bond costs a flat rate of $175. No credit check or application is required.
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SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your New York bail agent bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file the bond with the New York DFS as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a New York Bail Agent Bond Work?
As with all surety bonds, a bail agent bond creates a legal contract between three parties:
- Principal: You, the bail agent filing the bond
- Obligee: The State Department of Financial Services requiring the bond
- Surety: The provider issuing the bond
This holds you and all sub-licensees financially responsible for upholding Section 6802 of the Insurance Law of the State of New York.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you are ultimately responsible for refunding the surety.
How Do I Renew My Bond?
These bonds expire on December 1 of even-numbered years — concurrently with the bail agent license term.
To renew your bail agent bond, simply pay your renewal invoice when prompted. You’ll receive a continuation certificate to file with the State Department of Financial Services as proof of ongoing coverage.
