In 1983, Frank and Louise Hagerty realized that appropriate insurance coverage for their collector wooden boats didn't exist. So — armed with years of general-lines insurance experience - the Hagerty's launched a revolutionary agreed value policy for collector boats. Within a few years, half of the vintage boat owners in the country were Hagerty clients.
In 1991, Hagerty created a similar product for collector cars. And in 1995 two of Frank and Louise's three children, Kim and McKeel, came home to run the family business - despite their vows to never make a career of insurance! Together they've overseen the company's tremendous growth, which has been supported by a great product, exceptional client service, cutting-edge technology, creative marketing and, of course, intelligent, forward-thinking and hard-working employees. In 25 years, Hagerty has grown from a small agency headquartered in the Hagerty family basement to the leading provider of collector car and boat insurance in the world!
Along the way, Hagerty has scored some impressive accolades:
The Hagerty Small Business Award - The Traverse City Chamber of Commerce named its annual award for the area's best small business after Hagerty, based on the company's outstanding reputation in the community and its commitment to employees.
Better Business Bureau Best in Business - Hagerty won two top honors in 2003 from the Better Business Bureau: Business of the Year for northern Michigan and Best in Advertising for West Michigan.
Wall Street Journal Best Places to Work Award - Hagerty was a 2007 finalist for this award, which recognizes small companies that exemplify respect for employees, positive work culture, professional development of employees, business success, and leadership in their field.