Sunday, November 7, 2010

Top 3 Questions about Martial Arts Insurance

Martial arts insurance is necessary for any organization that has individuals involved in this art form. By nature, accidents happen. With the right amount and type of insurance, your business can be protected from costly, and sometimes business shattering, lawsuits. However, many people have questions about this type of insurance. Martial Arts Liability Insurance, a top provider of this type of insurance to a variety of types of businesses, can provide you with the resources you need to answer those questions.

Below are some of the top questions commonly asked by those considering martial arts insurance. If you have other questions, feel free to contact Martial Arts Liability Insurance to learn more.

Why are the costs for martial arts liability insurance, from this company in particular, so affordable?

Unbelievably, many people do not realize that the cost of investing in this type of insurance is actually quite affordable. The costs are affordable from Martial Arts Liability Insurance specifically because the company makes you do all of the work. In other words, there is no middleman or sales agent. Here, you ensure your policy is correct and that the process was followed properly. In addition to this, if you submit a claim, you must make sure it is properly completed. That cuts the costs down considerably.

What is minimum earned premium?

Minimum earned premium is a term you will find associated with martial arts insurance. It is the nonrefundable premium, at a minimum rate, charged to the policyholder. This amount can change. However, to determine what it is, use the current student count calculator. If the results of using that calculator show a rate that is at the minimum earned premium, you do not receive a refund if you cancel your policy before it expires. If it is higher, you may receive a refund for the prorated amount that is in excess of the minimum charge (the minimum earned premium.)

I need insurance soon. How long does it take to receive my certificate of insurance?

It is common for martial arts studios to want a rush put on their application. The fact is your application will be processed quickly. When you submit the application during normal business owners, your application will bind within 24 hours. If you submit after business hours, it may take an additional 48 hours for the process to bind. Once the application is bound, you will receive a certificate detailing your policy. This is emailed to you, which also reduces the time.

There are often many questions in regards to martial arts insurance. Each individual may need a unique type of policy or may be unsure of special circumstances. Whenever this occurs, simply contact Martial Arts Liability Insurance directly and ask your question. You can and may wish to submit your application right away, especially if you have an event occurring within a short amount of time. Keep in mind the value of such an insurance policy is well worth it, especially when something dreadful occurs.

How to Pick a Great Martial Arts Insurance Provider

How do you pick martial arts insurance? You could just select any company and hope for the best, but this leaves you as vulnerable, in some cases, and going without this type of insurance. Rather than making this mistake, invest in the services of a professional company who is working with you to achieve the goals you have. When you are buying martial arts insurance, you need to know the company behind the policy. For this reason, it makes sense to do some basic research.

A good example of a qualified company to obtain your insurance through is Martial Arts Liability Insurance. This company's qualifications should provide you with a gold standard.

Check out the following qualifications of Martial Arts Liability Insurance and how well this company stacks up against others.

· Experience matters: There are often new companies coming on the market promising the lowest rates and the best policy. Without experience in the industry, they are likely unable to provide you with the type of policy you can be confident in. Martial Arts Liability Insurance, on the other hand, has more than 20 years of experience in the industry.

· A rate policy: This company takes the time to analyze and compare rates often. This company wants to offer the lowest rates available to ensure that you, as a business owner, have the best product for your needs at a rate that is affordable. To keep rates low, the company uses its buying power to leverage better rates. By negotiating lower rates due to bulk need, the savings is passed from the provider on to your business.

· The right type of insurance: One of the mistakes other companies make is trying to sell too much or too little to a business. Rather than do this, this company ensures that the policy you get is what you need. The company does not want you to spend more than you have to for a policy that offers you no more coverage or protection.

· Martial arts style: Another area you need to consider when selecting martial arts insurance is the limitations of the provider. Some insurance providers are limited in the types of policy they can offer. With Martial Arts Liability Insurance, though, you can teach styles such as kung fu, judo, karate, tae kwon do, wrestling, boxing, mixed martial arts, capo era, tai chi and aikido, to name just a few.

· Who is behind the company: Look at the owner and management of the insurance provider. Do they know and have the experience in the industry you want them to have? If not, move on to a company that does.

Martial arts insurance is something you need to protect your business and your own financial health. Without it, your business is at risk. However, you do not need insurance from a costly provider that cannot provide you with the type and amount of insurance your individual business needs. For that reason, turn to Martial Arts Liability Insurance to get the information and resources you need to get started.

Sunday, October 17, 2010

Why Are Martial Arts Liability Insurance Prices So Low? What Does It Include?

When purchasing martial arts insurance, there are many factors to take into consideration, but the one that so many people focus on is the cost. When you obtain an insurance policy from Martial Arts Liability Insurance, for example, you may be shocked by just how affordable this type of insurance actually is. The fact that it is affordable is important, because it allows even smaller schools and start up organizations to obtain the necessary insurance to be protected from that one incident that could bankrupt them otherwise. However, many ask, why is it so affordable from this company?

There are several reasons why the martial arts insurance from Martial Arts Liability Insurance is so affordable as compared to similar companies and their products. The fact is, with this insurance, you do most of the work, which reduces the amount of time and money the company has to pay others. In other words, you are helping the company to keep costs lower.

In addition to this, you are responsible for your policy's management to some level. You must ensure that the policy is correct. You also are responsible for naming any additional people or locations to be insured. You are responsible for submitting all necessary paperwork for the claim and following the key guidelines provided to you at the time of obtaining the policy. In addition to this, you have to make sure that the claims are properly signed and completed in total.

Once you do your part, martial arts insurance provides you with the level of protection that you need. You are responsible for selecting a policy that works for your particular needs, of course. However, you can select medial and liability coverage that may provide:

· Coverage for accidental death and specific loss, up to a specific amount

· Accident medical expenses, up to the specific amount of your policy

· The liability policy will have limits in the following ways, per event aggregate, each occurrence, products/completed operations aggregate, participant liability each occurrence, damage to premises you rented, and medical expenses of any person or organization except for the participants.

The costs of obtaining martial arts insurance are often far less than what would be expected if you were to purchase the same policy through another company. However, consider what could happen if you did not have this necessary policy in place. Many businesses struggle when they have just one claimed filed against them without any insurance protection. In short, one lawsuit is all that it takes to close a business's doors and restrict the business's ability to perform.

The most important element in obtaining martial arts insurance is selecting a policy that fits your needs. While costs are an important part of the process, it is quite important to ensure that the policy provides the coverage needed primarily. With Martial Arts Liability Insurance, the costs are only secondary to the quality of service and coverage you obtain when you purchase a martial arts insurance policy for your organization.

What Are the Requirements for Getting Martial Arts Insurance

Martial arts insurance is one of the most important types of insurance products for companies in this business. is a company offering the necessary protections for any business or school teaching martial arts. The company's policies may provide the right type of insurance for your needs. Before you elect to purchase this insurance, though, it is important to ensure you can meet the requirements of the company. In most cases, getting martial arts insurance is possible.

Understanding Potential Requirements

Each situation is unique, which is why every school must fill out an application to obtain the necessary insurance. Below are some of the most important parts of such an application for martial arts insurance.

· You will need to state what type of instruction you provide. This may include a description of the type of martial arts you perform such as kickboxing, karate, jujitsu, judo, shotokan, cardio, tai chi and so on.

· You will need to discuss any potential liability claims you have had, particularly in the last five years.

· You will need to meet any requirements for the number of students you have.

· You will need to have a release waiver on file for each of the students you are working with. This release waiver will protect your business from any liability claims.

· You will need to state if you offer contact boxing.

· You will need to list the types of sparing gear you use, including mouthpieces, headgear, groin protectors, boots, breast and chest protectors, and other items. You will also need to explain the rules of using this gear as well as the sparring rules in place.

· Do you use any weapons? If so, how are they used, what types and what are the rules in place for using them?

· You will need to state if you have additional insured or any additional locations that need to be covered or are covered.

· You will need to consider the value and importance of having some type of contents and equipment coverage.

· You will need to determine if you need tournament coverage. If so, this can be added to your policy as it is need.

In addition to these factors, it is also important to take into consideration the rules and regulations surrounding the martial arts insurance. Most applications provide you with a variety of details and terms to read. Read them and understand them. If you are not sure how they work or what they include, ask for an explanation or contact your attorney to read through the application and the policy.

In many cases, trustworthy companies such as Martial Arts Liability Insurance will provide you with all of the information you need to make a decision about obtaining martial arts insurance and what regulations you need to meet. If you have questions about these policies, simply take the time to ask questions and to investigate further. The key is to be honest in your application so that you receive an accurate quote.

Thursday, September 9, 2010

3 Things you should look For When Buying Low-Cost Martial Arts Insurance

When purchasing low cost martial arts insurance, there are many factors to take into consideration. It is, of course, important to consider your budget, which is something most martial arts studios look at first. However, it is just as important to get to know the company as well as how it works. You want to ensure that you are working with a company that is well respected and has a strong rating with the insurance rating agencies. Also, focus on the facts. Is this company offering you the best low cost martial arts insurance available?

How to Choose the Best Low Cost Marital Arts Insurance

As you look at the options that you have in low cost martial arts insurance, many things will stand out. However, before you buy any policy, you need to know that the product offered is the best for you. That is why the following three aspects are critical to take into consideration before purchasing any insurance product.

#1: The Cost. For many martial arts studios, cost is a big factor in the affordability of any plan. Some businesses are just starting while others are struggling to stay ahead in a down economy. The cost is a factor. Find out what the insurance company charges for the policies they offer for your particular type of business. At the same time, ensure that the company's prices are in line with your budget needs.

#2: The Liability Coverage. Once you have an idea of what the cost is, the next step is to focus in on what is being provided. How much coverage does the company offer. What is the minimum required payment (for insurance companies that base this on per student sizing)? What types of martial arts have coverage by the plan? Not all programs provide protection from all types of martial arts. Learn as much as you can about how much coverage and the type of covered provided to you.

#3: The Ease of Use. One thing that many people do not take into consideration enough is the ease of using the company's policy. How do you make a claim? When do you make a claim? Who is covered and what circumstances are required for you to file such a claim? All of these factors play a role in if you should choose the company's insurance product.

It is true that cost is a factor. Finding low cost martial arts insurance is always an important part of keeping your business financially sound. However, it is just as important to know the company. Ensure the company has a strong reputation and has the financial backing it needs to provide you with the type of support necessary.

The more you know about the insurance company, the better of a decision you will make. Low cost martial arts insurance can provide you with the comprehensive care and financial protection you need. Realize the value of simply choosing the best product out there, which also offers a low cost to your martial arts studio.

How Am I Covered After Purchasing Low-Cost Martial Arts Insurance?

Purchasing low cost martial arts insurance is one of the smartest decisions a martial arts school can do. The trick is to know how to get these affordable rates for their insurance protection. Going without insurance should not be an option. It takes just one accident to lead to countless financial problems, and may even bankrupt the school. However, even with these high risks, it is possible to protect yourself from financial risks by purchasing the right amount and type of insurance.

Do You Need Martial Arts Insurance?

Most martial arts instructors and studios need insurance. This type of insurance provides protection from liability. In other words, should a student receive injury while under your instruction, you need an insurance plan to pay for his or her medical costs? Further, it becomes important to protect against any type of liability claim against you, such as a family filing a lawsuit. There is no reason to be without this type of liability protection and, therefore, it becomes very important for a school or martial arts studio to find the right policy for its needs.

Understanding Your Coverage

Once you purchase low cost martial arts insurance, you can rest assured that you are protected. This type of insurance provides protection in a number of ways:

• All youth have protection under the plan when they are participating in sponsored activities.

• All adult students have coverage while they are participating in sponsored activities.

• You staff members have protection as well, if they are the staff members of the policyholder, when they are participating in sponsored activities.

• Members also receive protection when the member is traveling, directly and without interruption to and from the activity that is sponsored by the policyholder.

• This type of coverage extends to the policyholder, when he or she is driving to the member's home, as well, but only in situations where the route it directly to or from the school or sponsored event.

When considering these factors, it is important to note that the policyholder’s instructors or employees are not covered. In situations like this, the employees have coverage by workers compensation insurance, which every martial arts studio also should have in place according to state laws in your area.

When each of these factors is taken into consideration, you may believe the cost of such insurance will be too high for you. This is not necessarily the case. There are well-respected and financially strong companies that offer low cost martial arts insurance. These products are likely just what you need to protect your business and to ensure that your students remain protected as well.

Simply, there is no reason not to have full protection for your martial arts studio when it comes to insurance protection. Low cost martial arts insurance is available from trusted companies such as Martial Arts Liability Insurance that can help you to get the coverage you need for your business while also helping you to secure the low cost you need to keep it within budget.

An Affordable Martial Arts Insurance Plan For Everyone

The martial arts are a variety of ancient disciplines that have been practiced for thousands of years. Today they continue to be popular with many different segments of the population, from groups doing Tai Chi at dawn to those working at the strenuous physical events of Mixed Martial Arts. Martial arts are a great way to stay in shape and also to defend oneself if attacked. These are some of the reasons aspiring students are flocking to martial arts schools and classes. However, because it is a physical activity there is a potential for injury which is why most schools and teachers acquire some type of liability coverage. While they want good coverage they also want a martial arts insurance plan that is affordable for everyone.

The different martial arts have always had a philosophical side to it as practitioners use their minds as well as their bodies. This creates a connection between teacher and student. This special bond is different from most business relationships and some teachers may make the mistake of forgoing certain standard business practices such as getting liability insurance. Unfortunately it only takes one injured student to put a school or teacher out of business, and lawsuits involving martial arts are on the rise. Today most schools and teachers understand they need coverage but they also want an affordable martial arts insurance plan that is right for them and their students.

The first step in finding an affordable martial arts insurance plan is taking an accurate risk assessment of your school or curriculum. There is a great range of physical activity in the various martial arts. Some disciplines, such as Tai Chi, are individual practices often used to increase flexibility while also reducing stress. Other disciplines like judo or karate are more physical and may be used for self defense or combat. The more physical demanding disciplines have a greater potential for injury and so will require more insurance coverage. However, it is possible to find affordable martial arts insurance for even the most challenging and strenuous disciplines.

Another important aspect of the risk assessment is if the school or students participate in competitive events or demonstrations. If so, the school will need liability insurance that covers the teachers, staff, and students whenever they participate in a school sponsored event. This coverage will also including any traveling time to and from events. While this type of plan sounds like it could get expensive it is possible to find an affordable martial arts insurance plan that provides a good level of coverage.

A martial arts school or teaching practice is a special type of business, even though it shares many of the responsibilities and goals of other businesses that are unique aspects. This is why it is important to work with an insurer who has experience in providing liability insurance to martial arts schools and teachers. These insurers will understand the different levels of risk and can ensure that the policy provides good coverage. They can also work with you to put together an affordable martial arts insurance policy that is right for everyone.

How Much Martial Arts Insurance Do I Need To Open A Martial Arts School?

The ancient practice of martial arts continues to grow in popularity. People are enrolling in professional martial arts schools all over the world. Aspiring students have a variety of disciplines to choose from, including Judo, Aikido, and Kung-Fu. People interested in stress reduction and agility may study Tai Chi while those seeking an intense workout might select Cardio Kickboxing or Mixed Martial Arts. Training in the martial arts is also a great way for a person to acquire self defense skills.

The demand for excellent martial arts training has led to the opening of schools and studios. One question many owners and teachers of martial arts ask is why much martial arts insurance is needed to open a school.

Acquiring martial arts insurance for a school or studio is similar in many ways to obtaining insurance for any type of business. You need the right amount of coverage, and the proper they of coverage, to protect your business, your staff, and your students. Some insurance decisions are made based on the type of martial arts school you intend to open.

One choice is to open and operate a school in its own location, such as in a shopping center, strip mall, or stand alone building. In this case you will need to insure your facility and equipment from events such as fire, flooding and theft as well as any natural hazards for your climate like hurricanes, earthquakes, or tornados. This coverage is important whether you own or rent your location and is in addition to martial arts insurance, which provides coverage for liability.

Some martial arts teachers choose to meet with students in their home or at the student’s residence, or to hold classes in other places such as community centers or gyms. In these situations you will need martial arts insurance that covers you in all the locations that you will work.

The most important type of martial arts insurance that you will need for your school is insurance that covers your liability in the case of accident or injury. All martial arts disciplines are physical activities and there is always the possibility of someone getting hurt. Today lawsuits are commonplace and many people who are injured, will sue for damages, even if they were at fault. One lawsuit could wipe out a school without adequate martial arts insurance.

While most insurers can write a good policy to cover your building or equipment, they may not have the expertise to put together a policy that will cover all the needs of a martial arts school. When acquiring martial arts insurance you should work with an agent or company that has experience in covering martial arts schools and businesses. Many schools participate in off-site competitions and other events and it is important that your martial arts insurance covers all school sponsored activities.

An experienced insurer will conduct a risk assessment of your school and help you find the level of martial arts insurance that will protect your students and your business.

Monday, July 12, 2010

About Martial Arts Liability Insurance

We have been servicing Martial Arts Schools for nearly 10 years. We have striven to keep liability insurance rates for our clients as low as possible. One of our agents is a Martial Artist and is familiar with all facets of the Martial Arts industry. We will strive to continue to locate the lowest cost and most comprehensive insurance available.