Bushido-Ruach Posted March 4, 2008 Posted March 4, 2008 I am opening a new school and am in search of liability insurance, can anyone advise a good company...perhaps one that you have actually had to utilize in a time of need?Any suggestions would be greatly appreciated. Using no Way, AS Way...Using no Limitation, AS Limitation
Holland Posted March 4, 2008 Posted March 4, 2008 https://www.karateinsurance.com(if only all things were this obvious...)That is who I use. Relatively inexpensive.
Bushido-Ruach Posted March 5, 2008 Author Posted March 5, 2008 Holland, thanks for the reply......have you ever had an incident where you needed to actually use their services?If so, did they treat you right?Thanks! Using no Way, AS Way...Using no Limitation, AS Limitation
NightOwl Posted March 5, 2008 Posted March 5, 2008 I don't know if you would need a martial arts specific school. Check out consumer reports online and see how the various companies sound Don't hit at all if it is honorably possible to avoid hitting; but never hit soft.~Theodore Roosevelt
Johnlogic121 Posted March 5, 2008 Posted March 5, 2008 I can't recommend a good insurance company, but I wanted to add an anecdote that emphasizes how important a good insurance company really is. I was chatting with a martial arts student on the Internet and he or she was doing Aikido dive rolls over an obstacle (a wooden shinai or bokken) when the fifteen-year old holding the stick raised it really high as a joke just before the person went over...The sudden surprise ending was that the martial artist's shoulder got really screwed up in the resulting high fall, and thereafter the preson I spoke with was doing Tai Chi rather than Aikido. Accidents don't generally happen if you are careful, but they can potentially happen at any time, and you don't want a broken collar bone to cause twenty students to decide to train somewhere else. Schools can be lucrative, but I have heard that good insurance is expensive; I wish I could offer more to help. Good luck! First Grandmaster - Montgomery Style Karate; 12 year Practitioner - Bujinkan Style Ninjutsu; Isshinryu, Judo, Mang Chaun Kung Fu, Kempo
yingampyang Posted March 5, 2008 Posted March 5, 2008 Congrats on the new school , i also have two schools of my own , there has been some good examples above , im sorry i carnt help i only know the ones in my own city/country. I think that there is no 1 style , and that to truly become a great martial artist and person you must take information from where ever you can.
Bushido-Ruach Posted March 6, 2008 Author Posted March 6, 2008 Thanks to all who replied, it helped a lot.I am currently looking into a company called Grizzly Insurance Agency LLC that runs a presence on the web called karateinsurance.com to see what they have. I am running them through the BBB, if anyone is interested I can post the results.They quoted my $450 a year minimum up to 50 students, and $8.95 per student after 50, with coverage for $1 mil per incident, $2 mil aggregate. Does that sound good to anyone....looking for feedback! They have an "A" rating by A.M. Best rating.Again, thanks to all!!! Using no Way, AS Way...Using no Limitation, AS Limitation
Bushido-Ruach Posted March 6, 2008 Author Posted March 6, 2008 Holland, thanks for the info, I think this is the same one that you recommended.Shalom Using no Way, AS Way...Using no Limitation, AS Limitation
Holland Posted March 7, 2008 Posted March 7, 2008 Glad to be of help. Since they specialize in martial arts, they are less expensive than other sites.I have never had to make a claim, but they have a large clientele, so I imagine they are a pretty good company.
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