What is an Indemnitor?
Wednesday, 20 September 2023
by admin
Indemnitor and bail bonds.
You can see the name mentioned numerously in our e-contract. An Indemnitor is the title given to the person who pays for 10% of the bond on behalf of a loved one behind bars.
The term ‘Indemnitor’ is derived from the verb ‘indemnify,’ which means to protect against damage, loss, or injury.
For a bail bonds company, putting up 90% of a defendant’s bail is a risk.
An Indemnitor demonstrates not only that the defendant behind bars has a place in the community and the hearts of others, but also helps reduce this risk by taking on the role of guarantor for another person’s legal obligations, such as showing up for court appearances, or by bearing the losses incurred.
- Published in Informative
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