Liability Insurance for new school

[Bushido-Ruach]

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.

[Holland]

https://www.karateinsurance.com

(if only all things were this obvious...)

That is who I use. Relatively inexpensive.

[Bushido-Ruach]

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!

[NightOwl]

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

[Johnlogic121]

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!

[yingampyang]

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.

[Bushido-Ruach]

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!!!

[Bushido-Ruach]

Holland, thanks for the info, I think this is the same one that you recommended.

Shalom

[Holland]

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.