Tae Kwon Do, Aikido, Kung Fu, Karate, Tai Chi, and other martial arts teach discipline and concentration to individuals of all ages. Teachers and studio owners work hard to provide a safe space for their students to practice the martial arts.
If you own or operate a martial arts studio, have you ever considered the many risks facing your business? In this post, we’ll explore why insurance for martial arts studios can help you protect the company you’ve worked so hard to build.
Risks for Martial Arts Studio Owners
Owning a martial arts studio is often a rewarding experience, but studio owners face a number of risks. Overuse and improper technique can lead to a number of common injuries, such as:
- Rotator cuff injury
- Fighter’s fracture
- Neck injuries
- Achilles tendonitis
- Head injuries
Teach your instructors and students ways to prevent common martial arts injuries with proper technique, warm ups, and stretching. Preventing sports injuries can help your students practice safely for years to come.
In addition to personal injury risks related to training, studio owners need coverage for risks to the building, such as fire, theft, storm damage, and vandalism. It’s important to keep the studio and associated parking area clean and in good repair in order to help prevent personal injuries that can occur on the property such as slip and fall accidents.
Kung Fu Coverage
Whether you rent or own your martial arts studio, you can help protect your students, business, instructors, and studio space with general liability and property insurance. It’s also important to be aware of risks and do everything you can to make sure that your students and instructors are practicing in a safe environment. If a student falls down the stairs due to a loose board and breaks an arm, your policy should cover the associated medical bills. Accidents do happen, but your insurance should provide the coverage you need to keep your business running smoothly.
An independent insurance agent can help you assess your studio’s unique risks and determine what kind of policy best fits your business and your budget. Working with an independent agent means you get plenty of options since your agent is not affiliated with one specific insurance provider. This allows you to compare and contrast various policies in order to choose the best one for your martial arts studio. Depending on your studio’s needs, your agent may suggest extending your coverage by including umbrella coverage.
Special Considerations for Martial Arts Studios
Does your studio host martial arts tournaments? If so, you may need to consider adding special events coverage or include tournaments in your policy to make sure that competitors and attendees are protected by your insurance while on the premises.
Martial Arts Studio Insurance
People of all ages can get fit and learn new skills at your martial arts studio. Keep the studio running smoothly by finding the right policy for your business. The independent agents at Kincaid Insurance can help you identify the best coverage for you business. We’ll help you determine your risks and policy needs, then offer you a free quote – no pressure or obligation.
Kincaid Insurance is headquartered in Rockport, Indiana. Our experienced agents work with businesses and individuals throughout the Tri-State area of Indiana, Kentucky, and Illinois, including: Newburgh, Owensboro, Mt. Vernon, Vincennes, Louisville, and Evansville. Contact Kincaid Insurance today by calling 1-877-888-5506.Request a Free Quote