Choosing the right martial arts insurance program is one of the most important business decisions you'll ever make. Like a great martial arts school, a great insurance program should deliver quality, experience, professionalism, and knowledge. Why settle for anything less?
Martial Arts Insurance--Who Needs It?
You do. In fact, you really can't run your school without it. Simply put, you need insurance because it protects you from financial loss. What happens if you have a property loss, such as a broken water pipe that floods your dojo, or a liability loss, such as a student who is injured and sues you for negligence? If you don't have insurance, you have to pay for losses out of your own pocket.
When you think about it, insurance is quite a bargain. Let's say your premium is $850 for the year. In April, a student is injured during class, and his parents sue you for $1 million. The case goes to court, and the jury awards the child $750,000. If you didn't have insurance, you'd have to pay the $750,000. Which would you rather pay: $850 in premium or $750,000 in damages?
Markel offers comprehensive liability and property coverage for martial arts schools that teach the following disciplines, depending on curriculum:
- Cardio kickboxing
- Incidental mixed martial arts (Kickboxing, Muay Thai, Savate)
- Jeet Kune Do
- Jujitsu (including Brazilian and Gracie)
- Kung fu
- Tai Chi
- Tae Kwon Do
- Tang Soo Do
Will consider mixed martial arts, wrestling, Muay Thai Savate, and Kickboxing if the activity is an incidental portion of the business.
Markel's policy requires sparring rules be furnished to each student. Click here for more information on safe sparring.