ITEM 1.01 Entry into a Material Definitive Agreement



On January 5, 2022, The Hagerty Group, LLC, a subsidiary of Hagerty, Inc.
(collectively with all subsidiaries of Hagerty, Inc., the Company or Hagerty)
entered into a Common Stock Purchase Agreement (the Agreement) with Broad Arrow
Group, Inc., a Delaware corporation (BAG), and additional purchasers, whereby
the Company invested in BAG. Under the terms of the Agreement, the Company has
invested $15.25 million in exchange for ownership of approximately 40% of BAG
and entered into a joint venture with BAG. Based in Ann Arbor, MI, the joint
venture between BAG and Hagerty will enhance Hagerty's portfolio of
automotive-focused offerings for car enthusiasts (Hagerty Marketplace) by
offering new services for the buying and selling of collector cars. Further,
Hagerty will appoint two of the seven members to the Board of Directors of BAG.
Kenneth Ahn, who will serve as the Chief Executive Officer of BAG, will also be
employed at Hagerty, as President of Hagerty Marketplace. Hagerty has employed
three other BAG founders as executives within the Hagerty Marketplace team. The
foregoing description of the Agreement is qualified in its entirety by the full
text of the Agreement, which is attached hereto as Exhibit 10.1 and incorporated
herein by reference.


ITEM 8.01   Other Events

On January 10, 2022, the Company issued a press release announcing the joint
venture with, and investment in, BAG and formation of the Hagerty Marketplace
team. A copy of the press release is attached hereto as Exhibit 99.1.

Cautionary Notice Regarding Forward Looking Statements



The Company makes forward-looking statements in this Current Report on Form 8-K.
All statements, other than statements of present or historical fact included in
or incorporated by reference in this Current Report on Form 8-K, regarding the
Company's future financial performance, as well as the Company's strategy,
future operations, financial position, estimated revenues and losses, projected
costs, prospects, plans and objectives of management are forward-looking
statements. When used in this Current Report on Form 8-K, the words "aim,"
"anticipate," "believe," "estimate," "expect," "forecast," "intend," "likely,"
"outlook," "plan," "potential," "project," "projection," "seek," "can," "could,"
"may," "should," "would," "will," the negative of such terms and other similar
expressions are intended to identify forward-looking statements, although not
all forward-looking statements contain such identifying words. These
forward-looking statements are based on management's current expectations and
assumptions about future events and are based on currently available information
as to the outcome and timing of future events. The Company cautions you that
these forward-looking statements are subject to all of the risks and
uncertainties, most of which are difficult to predict and many of which are
beyond the control of the Company, incident to its business.

These forward-looking statements are based on information available as of the
date of this Current Report on Form 8-K, and current expectations, forecasts and
assumptions, and involve a number of risks and uncertainties. Accordingly,
forward-looking statements should not be relied upon as representing the
Company's views as of any subsequent date, and the Company does not undertake
any obligation to update forward-looking statements to reflect events or
circumstances after the date they were made, whether as a result of new
information, future events or otherwise, except as may be required under
applicable securities laws.


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ITEM 9.01 Financial Statements and Exhibits



(d) Exhibits

Exhibit No.                  Description
10.1*                          Common Stock Purchase Agreement, dated January     5    , 2021, by and among
                             Broad Arrow Group, Inc., The Hagerty Group, LLC, and additional purchasers.
99.1                           Press Release, Dated     J    a    nuary 10, 2022
104                          Cover Page Interactive Data File (formatted as Inline XBRL)



*The schedules and exhibits to this agreement have been omitted pursuant to Item
601(a)(5) of Regulation S-K. A copy of any omitted schedule and/or exhibit will be
furnished to the SEC upon request.

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