Knippenberg Insurance Inc

608 N Mechanic St
Cumberland, MD 21502

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3 Risks of Not Carrying Commercial Insurance

While running a business in Cumberland, MD is expensive, one expense you wouldn’t want to forego is commercial insurance. Most business owners purchase this insurance hoping that they won’t use it because nothing goes wrong. Unfortunately, businesses operate in an uncertain environment full of threats. Without commercial insurance from Knippenberg Insurance Inc., you are likely to face the below consequences.

Breaking the law

In Maryland, business owners are required to purchase the below minimum commercial insurance coverages:

  • Workers’ comp insurance: If you have employees in your business, you are required to purchase this insurance to cover employees against illnesses and work-related injuries. Additionally, this coverage pays for partial loss of income and final expenses for employees.
  • Commercial auto insurance: This coverage is required for commercial vehicles to protect your car from damages and employees from accident-related injuries. 

If you fail to buy the state-required minimums, your business could face severe criminal and civil fines and penalties.

Losing money

Unfortunately, most businesses avoid paying commercial insurance in the name of saving money. Regardless of how austere you are, one expense you shouldn’t be conservative with is commercial insurance — because it saves you money. 

If disasters like fire or theft strike in your business, you stand to lose assets, disrupting your business operations. Without insurance, you will have to rebuild your business from scratch using saved company finances. Ultimately, the insurance cost is minuscule compared to the losses it can save you when the unthinkable happens. 

Endangering your employees

Your employees are one of the most valuable assets in your business. As such, you need to protect them with workers’ comp insurance when mishaps happen in the workplace. Without insurance for your employees, your business operations will be disrupted due to illnesses and workplace injuries. Additionally, you will have to incur out-of-pocket expenses to cover employees’ medical costs and legal costs. 

Purchase commercial insurance today!

Are you looking for commercial insurance in Cumberland, MD? Please contact Knippenberg Insurance Inc. for a personalized quote. 

Partner Carriers


  • Allstate
  • Amwins
  • Chesapeake
  • Foremost
  • Frederick Mutual
  • Guard
  • Hagerty
  • K&K
  • Liberty Mutual
  • MetLife
  • National General
  • Nationwide
  • Progressive
  • Safeco
  • State Auto
  • Tapco
  • The Hartford
  • Travelers
  • Zurich