subject: Martial Arts School Insurance Protects You And Your Participants [print this page] More and more people today are practicing martial arts for a number of reasons: they gain better physical fitness, self-discipline, and are far more prepared for self-defense if that becomes necessary. In the past, liability coverage for martial arts schools and studios was relatively expensive, but those higher premiums are now a thing of the past. Its critical for those running such a facility to have adequate martial arts school insurance or be prepared to face the consequences.
No matter how many safety practices you put in place, or how many times you review those practices with your students and your teachers, there remains a risk of injury with martial arts practice. The risks may include mild or severe physical traumas, short- or long-term joint injuries, as well as fractures, broken bones, concussions, and more.
General liability covers things like bodily injury and property damage, and a variety of other damages. For martial arts school owners and managers, it is important to consider the need for professional liability, workers compensation liability, equipment protection, and legal liabilities to participants in order to be fully protected. Leaving yourself exposed to a lawsuit simply because you think you cant afford the protection is not good business management strategy.
Managing Risk with Optimal Martial Arts School Insurance
Although there are inherent physical risks in performing martial arts, martial arts schoolstheir owners, managers, and instructorshave a different set of risks to consider. These risks have less to do with physical injuries and more to do with financial risks
The risk that they will be held liable for injuries that occur at their martial arts school, at or during one of the martial arts events
The risk that injury may be caused in error by one of the martial arts instructors
The simple fact that most martial arts schools work with men and women, kids and adults, means there is risk of sexual abuse and molestation, which should be accounted for and liability protection must be in place.
Parents can be quite protective of their children and they are much more aware and willing to pursue financial recourse if they feel their child has been threatened.
As individuals, instructors, and business owners, we must continually manage risk, until we do so almost unconsciously. Systematic management of risk, however, is essential in todays lawsuit-happy climate where legal and economic imperatives now deliver a powerful incentive to manage risk. One critical step in systematic risk management means obtaining the right martial arts school insurance to protect you and your employees against those risks.
When deciding upon an insurance company, its important to look for an experienced provider as well as one who understands that every school is different. Youll want an insurance representative thats willing to understand your schools practices and reduce your liability.
by: Project
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