Martial Arts Studio Insurance

What You Need to Know About Martial Arts Studio Insurance

Martial arts training is more than just about learning how to fight. It also involves helping students to build many characteristics, including strength, discipline, confidence, values and morals. This can be a very rewarding career for those who choose to pursue it. 

However, the art of teaching any kind of fighting or self-defense brings about high risks of both injury and property damage. Both martial arts studio owners and instructors risk facing many liabilities throughout their careers. As such, they need a high-quality, comprehensive business insurance policy tailored to their unique and specialized services. 

Insurance Coverage Options

The key with martial arts studio insurance is building your policy to include precisely what your business needs in terms of protection. Whether you are the owner-operator of your studio or overseeing a team of martial art teachers, you deserve to know that your business and livelihood are protected. 

We know that when people think of insurance, they often think of expensive premiums. Here at Insurance Hero, we make finding martial arts studio insurance in Ontario simple and painless to save you time and money. With expert knowledge and understanding of insurance, our insurance heroes work diligently to find you the insurance you need at the most affordable rate.

What is martial arts studio insurance?

Martial arts studio insurance is a customized insurance policy tailored to commercial martial arts studios and schools to protect their business from its distinctive industry risks, such as damages, losses, negligence, injuries and lawsuits.

Why do I need insurance for my martial arts school?

Liability insurance is essential for martial arts experts who plan on opening their own studio or school because, as with any business, there are several risks and variables you need to protect yourself from. For example, an instructor or a student could injure themselves demonstrating/learning a new kick. Or perhaps they miscalculate the kick and not only hurt themselves but also damage your studio’s wall. Maybe a student loses their balance and falls onto some equipment, injuring themselves and causing damage. 

Whatever the case may be, you could find yourself paying thousands of dollars in lawsuits or fixing/replacing broken equipment or damages to your studio. Having a martial arts studio insurance policy can protect your livelihood from financial loss or bankruptcy. 

What are insurance coverages available for martial arts school insurance?

You will generally find several coverages in your typical martial arts studio insurance policy, including the following:

Professional Liability Insurance

Professional liability insurance, also known as errors and omissions insurance, is essential for martial arts studios. It protects your business against claims of misconduct, negligence, failure to deliver a service or inadequate work. Professional liability covers:

  • Errors, mistakes and oversights
  • Failure to meet deadlines
  • Failure to deliver your product/service as advertised
  • Professional negligence
  • Failure to meet a standard of care
  • Breach of contract

Commercial General Liability Insurance

Commercial general liability protects you, your business and your employees from legal liability against third-party bodily injury or property damage claims that occurred at your martial arts studio or school. It covers the costs of medical bills, legal fees, and repairs or replacements. This insurance policy also protects you against any advertising and reputational injuries (e.g., slander, libel, copyright infringement).

Commercial Property Insurance

Commercial property insurance protects your studio or school and the contents inside (e.g., equipment, inventory, etc.) by covering the financial loss from such perils as:

  • Property damage due to natural disasters, flood, fire, vandalism or theft.
  • Property damage or theft of electronics, equipment, company documents or employees’ personal belongings.
  • Inventory theft by employees.

Commercial property insurance can also include business interruption, which protects your business should you be unable to work due to an illness or injury and have to shut it down temporarily. This helps offset ongoing costs from income losses, such as bills, employee wages, etc.

Cyber Insurance

Cyber and privacy liability insurance protects your business by covering damages and legal claims if your customers’ personal information is leaked or stolen due to a data breach or theft. As more and more studios are offering virtual classes, this has become an essential insurance policy for martial arts studios to have.  

Participant Accident/Liability Coverage

In the event that a student is injured during a training session and there is no fault or liability found, this policy will provide accident and medical coverage. It includes:

  • Accidental death and dismemberment
  • Accident para-medical expense 
  • Permanent and total disability 
  • Weekly accident indemnity 

Tournament (Special Event) Liability Insurance

Martial arts tournaments are exciting. Friends and families love to gather together to watch their loved ones compete. But hosting a tournament brings new risks that your studio may not regularly face. Special event insurance is vital for any studio that plans to host martial arts tournaments. This short-term policy provides coverage for any third-party bodily injury and property damage that occurs during the event. It also provides coverage should you decide to host the tournament at a larger rental space. Moreover, this policy is also beneficial if you decide to host an end-of-the-season party or graduation ceremony.

Commercial Auto Insurance

Should you or your employees use any vehicles for work-related purposes, such as travelling and transporting students to competitions/tournaments, you need commercial auto insurance, as personal auto insurance will not cover vehicles used for work. This includes the following:

  • Third-party liability: If you or an employee are found to be at fault in an accident while driving a commercial vehicle that leads to a third party’s property damage or injury/death, this policy will cover legal fees, repairs and medical expenses.
  • Accident benefits: This policy covers the driver, passengers, or pedestrians if injured in a vehicle accident, regardless of who is found to be at fault. These benefits include:
      • Income replacement, non-earner and caregiver benefits
      • Medical rehabilitation and attendant care benefits
      • Death and funeral benefits
      • Miscellaneous benefits
  • Uninsured automobile coverage: Should the occupants of a commercial vehicle be involved in an accident with an underinsured at-fault motorist or a hit-and-run driver, this policy covers medical expenses, lost wages and more.
  • Direct compensation-property damage: If you are found not at fault while using a commercial vehicle, this policy covers the cost of repairs or replacement of your vehicle, its contents and a rental.

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What factors influence martial arts school premiums?

There are several factors that will influence the cost of your insurance premiums. While selecting the coverages you will need to protect your business, your insurance company will consider the following factors:

  • The amount of training and education you have as a martial artist
  • The number of years of experience you have as a martial arts instructor
  • The type of training or services you offer at your studio or school
  • Your previous insurance claim history
  • Your annual and projected revenue
  • The number of employees you have
  • The number of students you have
  • How old your students are

Get a Martial Arts Studio Insurance Quote Today with Insurance Hero

Don’t leave yourself or your martial arts studio unprotected. Let Insurance Hero help manage your risk and insurance costs by conducting a full commercial insurance policy review to determine what kind of coverage is best for you!

For reliable, affordable Ontario martial arts studio insurance, please request a quote online or give us a call at 1-855-777-4376. Our team of Insurance Heroes is happy to answer any questions you have!