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A Way of Business and A Way of Life

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A look at an agency that focuses exclusively on boat and yacht insurance.

Global Marine's own sales manager, Pam Stanley's published article in Agent & Broker magazine on boat insurance.

"Boating is a wonderful sporta recreational activity that provides exercise, fresh air and a chance to spend quality time with family and friends. For our agency's producers, boating also is a way of life and the focus of our business.

In fact, marine insurance is the only thing we write. Our headquarters in Traverse City, Mich., is staffed by 22 employees, including five producers. We also have several producers working out of offices in Connecticut, Wisconsin and Florida. Our clientsabout 13,500 of themown boats, yachts and personal watercraft and operate them throughout the United States, in the Caribbean and in other international waters. Stand-alone policies for private pleasurecraft  make up 90% of our business. The rest comes from boat-rental and personal-watercraft-rental operations and charter-boat businesses, including some sailboat charter fleets, based on the Great Lakes and in Florida. Our total annual premium volume is $12 million, and last year, we wrote almost $3 million in new business."  more...

 



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