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Smith American Bail Bonds 8902 Otis Avenue Suite 123-A Indianapolis, IN, 46216 Smith American Bail Bonds 55 S. State Avenue Suite #355 Indianapolis, IN, 46201 What is Surety Bail Bond? This type of bail often involves a friend or relative of the accused contacting a bail agent, also known as a bail bondsman. A bail agent is backed by a special type of insurance company called a surety company and pledges to pay the full value of the bond if the accused doesn't appear in court