If your business is in a position of trust, you will most likely need a surety bond. A Missouri surety bond shows your customers that your business complies with state and federal laws and that you can be trusted to follow through, both legally and financially.
Once you've applied for your bond, the surety bond company will evaluate your application. The person who evaluates your application is called an underwriter. Their purpose is to evaluate the risk of bonding you.
One of the main aspects in evaluating you is your personal/business credit score.
The price you pay for your bond is dependant on how strong your credit score is. Those with good credit will not need to pay as much as those with bad credit.
The chart below shows a ball-park range of what you might pay for your Missouri surety bond.