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.
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