Missouri Freight Broker Bond

Operating as a freight broker in Missouri requires a freight broker bond, but it’s important to note this is primarily a federal FMCSA requirement, not a Missouri-specific rule. Brokers must comply to operate legally across the U.S.

A freight broker bond (BMC-84) is a surety bond that guarantees brokers meet their financial and legal obligations. It protects shippers and carriers if a broker fails to pay for services or violates contracts.

While the requirement comes from federal law, brokers in Missouri must have this bond to operate legally. It safeguards carriers and shippers doing business in Missouri and ensures the broker is properly registered with the FMCSA, allowing operations nationwide.

Missouri follows the federal FMCSA rules governing freight brokerage. To operate legally, brokers must:

• Register with the FMCSA through the Unified Registration System (URS)
• Obtain an MC (Motor Carrier) number
• Designate a process agent using Form BOC-3
• Purchase a $75,000 BMC-84 Freight Broker Bond from a licensed surety company

The bond protects carriers and shippers against losses due to non-payment, contract violations, or unethical behavior. Unlike insurance, it doesn’t cover the broker’s losses but ensures clients can recover funds if the broker defaults.

For the most accurate details on the federal bonding rule, visit the FMCSA registration page.

Missouri does not impose additional bond requirements beyond the federal BMC-84. However, brokers operating within the state must comply with Missouri’s Department of Transportation (MoDOT) and Department of Revenue regulations related to business registration, taxes, and intrastate freight operations.

For example, brokers must:

• Register their business entity with the Missouri Secretary of State
• File appropriate tax documentation with the Missouri Department of Revenue
• Ensure compliance with the state’s intrastate transport laws (MoDOT, 2024)

Compared with other states, Missouri’s rules are straightforward: once a broker secures FMCSA authority and the BMC-84 bond, no additional state-level bonding is required.

While the bond amount is fixed at $75,000, brokers don’t pay that entire amount upfront. Instead, they pay an annual premium, typically 1% to 5% of the bond amount, depending on credit score, business financials, and experience.

Here’s what that looks like in practice:

• Excellent credit (700+): 1% rate = about $750 per year
• Good credit (650–699): 2–3% rate = $1,500–$2,250 per year
• Low credit (below 650): up to 5% = around $3,750 per year

Other factors influencing cost include:

• Length of time in business
• Prior bond or claim history
• Financial strength of the company

For a deeper breakdown of what affects your premium, see our detailed guide on surety bond cost.

Getting bonded in Missouri is simple and can usually be done online in one day.

Step-by-step process:

1. Apply Online: Start your online application and provide details about your business and personal credit.
2. Provide Documentation: Some sureties may request your MC number (if already issued), proof of business registration, and financial statements.
3. Receive a Quote: The surety reviews your credit and determines a bond premium based on your financial profile.
4. Pay the Premium: Once approved, pay the premium to activate your bond.
5. Bond Filing: The surety company files the bond electronically with the FMCSA under Form BMC-84.

The process is quick, many brokers receive their bond the same day they apply. For more details, visit our resource on how to get bonded.

Yes. Brokers with lower credit scores can still qualify through bad-credit bonding programs. These programs help applicants with financial challenges secure the bond while demonstrating reliability through other means, such as consistent revenue or collateral.

Tips to increase approval chances:

• Maintain consistent income and submit proof of business performance
• Reduce outstanding debts before applying
• Provide detailed financial statements or collateral documentation
• Work with a surety that specializes in freight broker bonds

While premiums are higher , typically 5% to 15% of the $75,000 bond amount, brokers can qualify for better rates over time by improving their credit score, maintaining strong business performance, and establishing a positive payment history.

Freight broker bonds must be renewed annually to keep FMCSA authority active. Sureties typically send renewal notices 30–60 days before expiration.

The renewal process involves:

• Reviewing your bond status and renewal quote
• Paying the annual premium before the due date
• Ensuring your bond stays current in the FMCSA system

Missing your renewal can lead to the suspension or revocation of your operating authority. Maintaining continuous bond coverage helps you avoid costly reinstatement fees and disruptions in business.

What happens if a claim is filed against my bond?

If a carrier or shipper files a valid claim, the surety company compensates them up to the bond’s $75,000 limit. However, the broker must reimburse the surety for any paid claims. Keeping accurate transaction records and honoring contracts helps prevent claims.

How long are the Missouri Freight Broker Bonds valid?

Freight Broker Bonds are valid for one year from the effective date. Renewal is required annually to maintain compliance and keep your FMCSA operating authority active.

Can the bond be transferred if ownership changes?

No. Bonds are issued to a specific business entity. If ownership or business structure changes, a new bond must be issued under the new legal name or ownership entity.

Are there options for multi-year bond payments?

Yes. While the FMCSA requires annual bond coverage, many sureties offer multi-year financing or installment plans. These options make it easier for brokers to manage cash flow while staying compliant.

The Missouri Freight Broker Bond ensures that freight brokers act responsibly and meet payment obligations to carriers and shippers. It’s more than a legal requirement—it’s a sign of credibility and financial reliability.

Whether you’re applying for your first bond or renewing your existing one, working with a trusted surety provider ensures fast approval, fair pricing, and ongoing compliance. Start your online application today to get bonded and keep your Missouri brokerage business running smoothly.

Federal Motor Carrier Safety Administration. (2024). Freight Broker Authority (BMC-84 Bond Requirements). Retrieved from h
ttps://www.fmcsa.dot.gov/registration/freight-broker-authority

Missouri Department of Transportation. (2024). Motor Carrier Services and Regulations. Retrieved from
https://www.modot.org/

Missouri Secretary of State. (2024). Business Services Division. Retrieved from
https://www.sos.mo.gov/business 

Lance Surety Bonds. (n.d.). Surety bond quote. Retrieved from
https://www.lancesuretybonds.com/surety-bond-quote