Global Marine Insurance Launches New Division

Global Private Risk InsuranceTRAVERSE CITY, MI -Global Marine Insurance announced today that they have hired Mike Jager to run Global Private Risk Insurance, a new division to create customized insurance solutions that fill gaps created when you apply standard policies to the liabilities of successful people.

Mike will be based at the main office in Traverse City, MI. He brings with him years of underwriting experience. After earning a business degree from Davenport University, he gained a strong background in insurance ranging from ownership of a Grand Rapids, Michigan Allstate agency, to overseeing national accounts at Hagerty Insurance for collectors’ vehicles.

“I am excited to utilize my experience to help clients protect the lifestyle they have worked so hard for,” says Mike, who lives in Traverse City with his wife Erica and children Henry, Elin and Cara.

“Without a business like GMI Private Risk, there are dangerous gaps in coverage between standard markets and high net worth insurance. The reality is that the more you have, the more you have at risk.”

Global Private Risk is a niche provider for liability protection with coverage up to $50 million for assets, which may include estates, vehicles, art, wine, and jewelry. Clients can expect attentive service for their claims. Liability that comes with wealth requires sophisticated strategy from select carriers that the majority of agents do not have access to. We are proud to offer insurance options from leading private client carriers.

“I am looking forward to helping our existing clients and welcoming new ones to contact me for a thorough review of their current policies so that I can make recommendations for comprehensive insurance coverage specifically tailored to suit their unique circumstances.”

Mike states that while the stakes are high for the affluent, too often they are drastically underinsured. “Many of the wealthiest Americans do not have adequate insurance coverage, particularly for liability, because the litigation potential for the wealthy is very different than that of the average American. At Global Private Risk, we understand the unique vulnerability and needs of luxury lifestyles. Our Global Private Risk division works with a select group of high net worth insurance carriers to provide the best in comprehensive insurance coverage.”

About Global Marine Insurance

Global Marine Insurance was founded in Michigan in 1989 and has grown steadily, providing Personal Marine Insurance to boat and yacht owners. In more recent years, it has added Commercial Marine Insurance to boat dealers, manufacturers, boat yards, marinas, watersport schools, yacht clubs, and other marine-related businesses, as well as Global Recreational Insurance, a division dedicated to providing recreational insurance coverage for motorhomes, motorcycles, ATVs, snowmobiles, and more.
The company currently employs more than 30 specialists across the US with remote offices in Florida,  North Carolina, Washington and Texas.

NOTE TO EDITORS: Media interested in more information are welcome to contact Erica Buck by phone at 1-800-748-0224 or email [email protected] Website: www.globalmarineinsurance.com

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