Stump Insurance

What Stump Insurance does

Stump Insurance is a family-owned independent insurance agency founded in May 1982 in Poolesville, Maryland, operating under the legal name Stump Insurance (formerly David Stump Insurance Agency). The agency sells and services personal, commercial, and life insurance products across nine jurisdictions: Maryland, Delaware, North Carolina, Pennsylvania, Texas, Virginia, Washington D.C., and West Virginia. Its leadership comprises four family members — founder Dave Stump Sr (Principal Agent), Sandi Stump (Principal Agent and Vice President), David Stump Jr (Agent, CIC-designated), and Marie Stump Gignilliat (Agent, CIC-designated) — with no disclosed external staff, investors, or parent entity.

The agency does not manufacture insurance products; it acts as an independent broker placing business with ten or more carriers including a core/scratch relationship with Erie Insurance (since 1982), plus Progressive, Liberty Mutual, The Hartford, American Strategic Insurance, Chesapeake Employers Insurance, Encompass, Foremost, Hagerty, and Philadelphia Indemnity. Its catalog spans auto, home, renters, motorcycle, marine/watercraft, ATV/snowmobile, RV, collector car, condominium, flood, earthquake, rental property, and personal umbrella lines on the personal side; BOP, commercial auto, commercial property, general liability, workers' comp, cyber liability, EPLI, builders' risk, business interruption, commercial umbrella, contractors GL, garage, manufacturers, non-profit, product liability, professional liability/E&O, restaurant/bar, special event, technology, vineyard/winery, and wholesalers/distributors lines on the business side; and term, whole, universal, and group life products.

The technology surface is a WordPress-based marketing website with online quote request forms (auto, home, life), a policy service center linking customers to carrier portals for billing, claims, ID cards, and certificates, plus a blog, social profiles (Facebook, X, LinkedIn, Yelp), and a refer-a-friend program. No public API, mobile app, proprietary underwriting platform, or AI/ML capability is disclosed. Revenue is earned exclusively through carrier commissions on policies sold and serviced, a recurring stream tied to in-force premium volume rather than direct customer billing. The GTM motion is sales-led and inside-sales, combining face-to-face consultations at the Poolesville office, phone-based outreach on local and toll-free numbers, and online quote capture.

Name

Stump Insurance

Legal name

Stump Insurance

Website

https://stumpinsurance.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

1–10 employees

Short description

Family-owned independent insurance agency in Poolesville, Maryland, placing personal, commercial, and life insurance with ten-plus carriers across nine states using a sales-led agent model and commission-based revenue.

Ownership category

akta.pro rank

Product category

Independent Insurance Agency / Insurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (52421)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Wholesale Insurance Brokerage (Excess & Surplus Lines) (FSAEADAD)

Keywords

• Independent insurance agency
• Personal insurance coverage
• Commercial insurance products
• Life insurance policies
• Comparative insurance quotes

Headquarters

HQ city

Poolesville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Agency Commissions: As an independent insurance agency, Stump Insurance earns commissions from insurance carriers for policies sold and serviced. The agency represents multiple insurance companies and receives a percentage of premiums paid by customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Stump Insurance is an independent insurance agency that sells and services personal lines (auto, home, life, motorcycle, boat, RV, and specialty coverages), commercial lines (BOP, commercial auto, workers' comp, general liability, cyber liability, and specialized business policies), and life insurance (term, universal, whole, group) by comparing coverage and pricing across 7+ insurance carriers including Erie Insurance, Progressive, Liberty Mutual, and The Hartford. The agency brokers policies rather than underwriting them, earning carrier commissions, and serves customers across Maryland, Delaware, North Carolina, Pennsylvania, Texas, Virginia, Washington D.C., and West Virginia from its Poolesville, MD office.

Product overview

Stump Insurance is an independent insurance agency offering a comprehensive portfolio of personal, business, and life insurance products through multiple carrier partnerships. The agency's offering consists of personal insurance lines (auto, homeowners, renters, motorcycle, boat/marine, ATV, snowmobile, motor home/RV, collector car, condominium, earthquake, flood, personal umbrella, rental property, and personal watercraft insurance), business insurance products (Business Owners Package, commercial auto, commercial property, general liability, workers' compensation, builders' risk, business interruption, commercial umbrella, contractor's liability, cyber liability, EPLI, garage, manufacturers, non-profit, product liability, professional liability/E&O, restaurant/bar, special event, technology, vineyard/winery, and wholesalers/distributors insurance), and life insurance (term, universal, whole life, and group life). As an independent agency, Stump Insurance does not manufacture its own insurance products but rather serves as a broker offering comparative quotes from multiple carriers including Erie Insurance, Progressive, Liberty Mutual, The Hartford, American Strategic Insurance, Chesapeake Employers Insurance, Encompass, Foremost, Hagerty, and Philadelphia Indemnity.

Differentiator

Problem solved

Functional benefit

Products and services

• Auto Insurance
• Homeowners Insurance
• Renters Insurance
• Motorcycle Insurance
• Boat & Marine Insurance
• ATV Insurance
• Collector Car Insurance
• Condominium Insurance
• Earthquake Insurance
• Flood Insurance
• Motor Home / RV Insurance
• Personal Umbrella Insurance
• Personal Watercraft Insurance
• Rental Property Insurance
• Snowmobile Insurance
• Business Owners Package Insurance (BOP)
• Commercial Auto Insurance
• Commercial Property Insurance
• General Liability Insurance
• Workers' Compensation Insurance
• Builders' Risk Insurance
• Business Interruption Insurance
• Commercial Umbrella Insurance
• Contractor's General Liability Insurance
• Cyber Liability Insurance
• Employment Practices Liability Insurance (EPLI)
• Garage Insurance
• Manufacturers Insurance
• Non-Profit Insurance
• Product Liability Insurance
• Professional Liability (Errors & Omissions) Insurance
• Restaurant & Bar Insurance
• Special Event Insurance
• Technology Insurance
• Vineyard & Winery Insurance
• Wholesalers & Distributors Insurance
• Individual Life Insurance (Term, Universal, Whole Life)
• Group Life Insurance

Quantifiable outcome

• Rated 5 out of 5 based on 83 rated reviews
• +1 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eleven partnerships are on record, tiered minor and core.

• American Strategic InsuranceminorChannel Partner/ Reseller/ DistributorAmerican Strategic Insurance is one of the insurance carriers represented by Stump Insurance as an independent agency. Customers can receive comparative quotes from American Strategic Insurance through Stump Insurance.
• Chesapeake Employers InsuranceminorChannel Partner/ Reseller/ DistributorChesapeake Employers Insurance is a workers' compensation focused carrier represented by Stump Insurance. The agency offers Chesapeake Employers Insurance products to business clients in their service area.
• EncompassminorChannel Partner/ Reseller/ DistributorEncompass is one of the insurance carriers represented by Stump Insurance as an independent agency. Customers can receive comparative quotes from Encompass through Stump Insurance.
• Erie InsurancecoreChannel Partner/ Reseller/ DistributorErie Insurance is a primary specialty carrier for Stump Insurance. The agency was founded in May 1982 as a scratch agent for Erie Insurance and maintains a strong partnership. Erie Insurance has been helping customers since 1925. Stump Insurance specializes in Erie Insurance products and offers the YourTurn rewards program to eligible customers.
• Foremost InsuranceminorChannel Partner/ Reseller/ DistributorForemost Insurance is one of the insurance carriers represented by Stump Insurance as an independent agency. Customers can receive comparative quotes from Foremost Insurance through Stump Insurance.
• Hagerty InsuranceminorChannel Partner/ Reseller/ DistributorHagerty Insurance is a specialty collector car insurance carrier represented by Stump Insurance. The agency offers Hagerty Insurance products to customers with classic and collector vehicles.
• Philadelphia Indemnity Insurance CompanyminorChannel Partner/ Reseller/ DistributorPhiladelphia Indemnity Insurance Company is one of the insurance carriers represented by Stump Insurance as an independent agency. The company specializes in commercial insurance products.
• The Progressive CorporationminorChannel Partner/ Reseller/ DistributorProgressive Insurance is one of the insurance carriers represented by Stump Insurance as an independent agency. Customers can receive comparative quotes from Progressive through Stump Insurance.
• Liberty Mutual InsuranceminorChannel Partner/ Reseller/ DistributorLiberty Mutual Insurance is one of the insurance carriers represented by Stump Insurance as an independent agency. The agency offers Liberty Mutual products as part of their comparative quoting service.
• The Hartford Insurance Group, Inc.minorChannel Partner/ Reseller/ DistributorThe Hartford Insurance Group is one of the insurance carriers represented by Stump Insurance as an independent agency. The agency offers Hartford products to customers as part of their carrier portfolio.
• Poolesville Chamber of CommerceminorOthersStump Insurance is an active member of the Poolesville Chamber of Commerce, participating in the local business community.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Allstate: Allstate's exclusive agent network sells auto, home, and life insurance across the U.S. — directly competing with Stump for personal-lines customers in Maryland and Virginia while operating a much larger captive-agent infrastructure.
• Erie Insurance: Erie Insurance is both Stump's primary carrier-partner and a competitor through its own direct and captive agent network in the Mid-Atlantic and Southeast. Erie's product breadth across personal, commercial, and life lines and its agent-compensation model make it the closest structural analogue to Stump's core operating motion.
• Hub International: Hub International is a large North American insurance brokerage offering personal, commercial, and specialty coverage. It competes with Stump's commercial-lines book (BOP, workers' comp, cyber) and aggregates independent agencies at scale.
• State Farm: State Farm's captive agent network sells personal and commercial insurance in the same Mid-Atlantic markets Stump serves. While State Farm is single-carrier where Stump is multi-carrier, the two compete head-to-head for the same household and small-business customers in Maryland and Virginia.
• Liberty Mutual Insurance: Liberty Mutual is one of Stump's carrier partners and also a direct competitor through its own captive agent and direct-sales channels. Its personal and commercial product breadth across the Mid-Atlantic overlaps directly with Stump's portfolio.
• Brown & Brown: Brown & Brown is a large national insurance brokerage providing personal and commercial coverage through multiple carrier partnerships. It competes with Stump for small-business and commercial accounts in the Mid-Atlantic while operating at substantially greater scale.
• Farmers Insurance: Farmers Insurance operates a large captive-agent network selling personal and commercial lines across the U.S., directly competing with Stump for auto, home, and small-business customers in Maryland and neighboring states.

Emerging players

• Hiscox: Hiscox specializes in small-business commercial insurance — including professional liability/E&O, cyber, and general liability — directly competing with the commercial side of Stump's book while using a digitally-enabled direct and broker channel.

Direct peers

• Goosehead Insurance: Goosehead operates a national franchise model of independent insurance agencies offering personal and commercial lines from multiple carriers — directly competing for the same household and SMB customers as Stump but with technology investment, scale, and a corporate brand behind each franchisee.
• Brightway Insurance: Brightway is a Florida-based independent agency franchise system selling home, auto, and commercial insurance through a network of local agents. It mirrors Stump's independent-broker value proposition while scaling through franchise expansion and proprietary technology.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/stumpinsurance
• Facebookfacebook.com/StumpInsurance
• LinkedInlinkedin.com/company/stump-insurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stump Insurance