subject: Martial Arts Insurance [print this page] Martial arts insurance is essential for protecting your martial arts school. You are running a business and you need business insurance to protect the life of your company. Since you are a martial arts studio you cant buy the normal business insurance. You need martial arts insurance that is designed specifically for your business.
Participant liability insurance is probably the most important provision a martial arts insurance policy can have. Most Martial Arts schools have to have general liability insurance to satisfy landlord requirements contained in their lease, just to be able to open their doors. It makes sense then that if that is the case, you may as well have something that is worth something. I mean, you have to have it anyway so why not be certain that your money is actually buying something worthwhile.
We are all smart enough to know that injuries are a way of life for the martial artist. Now we have to be smart about what kind of insurance we get. The policy must contain Participant Liability to cover the students who are participating. This is relevant to hosting tournaments as well. There are more places to buy incorrect coverage than there are places to buy the correct insurance. The best place to get the correct insurance is at martialartsliabilityinsurance.com
Until the judicial system begins to penalize those who strive to abuse it, you must protect yourself against these types of situations and take all the steps necessary to avoid a costly litigious response to even the most meritless of lawsuits. Martial Arts insurance will protect you. If not, you could not only go out of business, but lose nearly all if not everything you have worked so hard for all your life. The need for this protection has never been greater because as the economy tanks, these types of situations tend to increase proportionately. Take heed and do take the necessary steps to protect yourself.
Many studio owners regret that they did not have the foresight to purchase martial arts insurance and had no coverage when they were sued. The individuals that were asked why they didnt purchase the martial arts insurance made a reference to the fact that they have not been sued in the past. They didnt think that it would happen to them. Well it can happen to you. You are in a business where physical contact is a way of life. This means that there is high probability that one or more of your students will get injured. The more injuries the higher chance that a lawsuit will be brought against you. Please do yourself a favor.
by: james x Cooke
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