Martial Arts Liability Insurance - What Happens If?The participation in martial arts is becoming a form of exercise for the American public along with a way of increasing fitness levels. More and more people are interested in learning the art for discipline and self defense. Companies and schools often offer memberships to their employees and students to martial arts academies. With more and more people showing an interest, it's more important than ever for the academy to be sure it has enough martial arts liability insurance. Liability coverage for martial arts schools used to be so expensive that the schools would be run without it, risking high cost litigation and lawsuits. Today that is simply not necessary as the perfect solution came in the form of martial arts liability insurance, an insurance drawn up specifically for martial arts schools. This comprehensive insurance covers all the risks involved in running a martial arts school or academy. Martial arts liability insurance is designed to reduce or eliminate the emotional and financial hardships on a martial arts school due to a lawsuit or injury claim. So long as someone is participating in a sponsored activity, all kids and adult students and staff members are covered under the policy. The member is also covered while traveling to and from activities sponsored by the martial arts school who is the policyholder of the martial arts liability insurance. If an injury results in an unfortunate turn of events and death occurs within one year of the accident, there is coverage for that. If the injury requires ongoing medical care, the martial arts liability insurance will cover charges relating to the injury for up to one year from the date of the accident. There is a maximum medical expense amount, so only so much will be covered, but it's usually a substantial sum such as $100,000 or more. As with any coverage, martial arts liability insurance has exclusions and limitations on the coverage they will pay. They don't usually cover sickness or disease except for infections due to an accidental wound. They won't usually cover the use of drugs or narcotics unless they were administered under physicians orders due to a covered accident. There are many other things that are excluded as well. Pay attention to these. Martial arts liability insurance is there for a reason. It will protect your company, yourself and your members from catastrophic events beyond your control. These are the types of things that can take your business right out from under you. It's best to pay the premium for the insurance and move on without worry or concern about "what happens if." |