Thursday, September 9, 2010

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.

1 comment:

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