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| Fugitive Recovery Liability Insurance https://ftp.fugitiverecovery.com/forum/viewtopic.php?f=13&t=10937 |
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| Author: | Yinzer [ Thu 15 Apr 2010 10:21 ] |
| Post subject: | Fugitive Recovery Liability Insurance |
Shortcut to introduction here I'm in the Greater Pittsburgh area and would like some ideas on what is considered an acceptable amount of liability insurance. I have emailed a couple bail bond agencies asking what they require a FRA maintain to be considered for work. I haven't heard back from anyone yet but before obtaining a policy I want to hear from FRAs as well. There is a local bail bond agency that states on its website that it has work for Constables and/or trained & insured bail enforcement agents. When I called to inquire about the insurance, I was told they only use Constables. I should have asked what the minimum was before they used only Constables. For those that don't know, in PA a Constable is a sworn peace/law enforcement officer that's either elected or appointed for a 6 yr term. What I'm looking for is some idea of how much coverage to request. I was given a ball park estimate for 50K per person/300k act or aggregate not sure. The premium was $1500-$1800. Normally when it comes to insurance I just max out the limits but I may have to make a cost/benefit analysis here. Thanks. |
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| Author: | MarshallSvc [ Thu 15 Apr 2010 11:15 ] |
| Post subject: | Re: Fugitive Recovery Liability Insurance |
Follow this links. http://fugitiverecovery.com/forum/viewtopic.php?f=13&t=661&start=0&st=0&sk=t&sd=a&view=print It may help answer your inquiry. |
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| Author: | Yinzer [ Thu 15 Apr 2010 13:47 ] |
| Post subject: | Re: Fugitive Recovery Liability Insurance |
Appreciate the reply (Although I had already read that post)but I was looking for an idea how much coverage working agents generally keep. The more I think about it though, maybe its the kind of question that shouldn't be answered in a public forum. I'll just ask the Ins agents what they would recommend. My butt hurts already  .
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| Author: | Robert Brunner [ Thu 15 Apr 2010 18:58 ] |
| Post subject: | Re: Fugitive Recovery Liability Insurance |
Mike, I sent Pm |
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| Author: | tsuggs [ Thu 15 Apr 2010 19:11 ] |
| Post subject: | Re: Fugitive Recovery Liability Insurance |
If you carry O.C spray $100,000 If you carry a baton, $500,000 If you carry a taser, $1,000,000 If you carry a shotgun with LTL rounds, $2,000,000 If you carry a pistol, $10,000,000 Try finding a insurtance company that will cover those limits. |
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| Author: | tsuggs [ Thu 15 Apr 2010 19:13 ] |
| Post subject: | Re: Fugitive Recovery Liability Insurance |
Just kidding! |
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| Author: | Yinzer [ Thu 15 Apr 2010 20:04 ] |
| Post subject: | Re: Fugitive Recovery Liability Insurance |
tsuggs wrote: Just kidding! I could have replied with something like "Well Obviously!" But, I must admit to the several seconds of stunned disbelief until I saw you were from Ca. I figured it was a Cali thing. Then I saw this post and well.... Congratulations in temporarily fooling the the out-of-state noob.  I had to throw that in. Its the name of a local gym. 
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| Author: | ltogiak [ Thu 15 Apr 2010 23:42 ] |
| Post subject: | Re: Fugitive Recovery Liability Insurance |
Is this regarding liability for your bail bond business? Or are your talking about you as an independant contractor doing recovery work? I don't know about the business insurance thing, but when I first took my CCW class, I was told by my instructor to get an "Umbrella" policy from my auto insurance guy. You have to get the highest limits possible under your auto poicy and then you can purchase an umbrella policy for like 1,000,000 of liability coverage. At least that is what is was like several years ago. Maybe someone else can add to this or correct me if i'm wrong. |
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| Author: | Yinzer [ Fri 16 Apr 2010 04:27 ] |
| Post subject: | Re: Fugitive Recovery Liability Insurance |
ltogiak wrote: Is this regarding liability for your bail bond business? Or are your talking about you as an independant contractor doing recovery work? I don't know about the business insurance thing, but when I first took my CCW class, I was told by my instructor to get an "Umbrella" policy from my auto insurance guy. You have to get the highest limits possible under your auto poicy and then you can purchase an umbrella policy for like 1,000,000 of liability coverage. At least that is what is was like several years ago. Maybe someone else can add to this or correct me if i'm wrong. This would be for myself doing recovery work as an independent contractor. |
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| Author: | J24BAIL [ Sat 15 May 2010 13:13 ] |
| Post subject: | Re: Fugitive Recovery Liability Insurance |
Yinzer Get a Professional Bond 500,000 or Million some sites like belcamp and irb, merlin require the Million or you can't sign up a few accept as low as 250,000 and 500,000 Good luck finding one I was turned down by 42 companies this past week and my bank kicked me out for buinsess and Merchant account Wachovia now wells fargo does not Associate with Bail Bondsman I was told Bank of America love you guys Good luck if you find good one and cheap let me know in market |
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