Martial Arts Insurance Pennsylvania
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Frequently Asked Questions About
Commercial General Liability Insurance
How much does commercial insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number.
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it.
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Martial Arts Insurance Pennsylvania
Martial Arts Insurance Pennsylvania. Physical injuries are always a possibility in any discipline or sport where there is aggressive contact between players and participants. Oftentimes, martial arts students are just kids, and they are even more prone to become injured than adults, sometimes with such devastating injuries that they have long-term effects for their rest of their lives.
Martial arts instructors and businesses have very concise needs for insurance, due to the inherent perils of the business. Protecting your martial arts business means buying insurance in sufficient amounts of martial arts insurance Pennsylvania to put up a safeguard against potential claims and liabilities as well as general perils, such as fire and theft.
Martial arts insurance Pennsylvania protects your business from lawsuits with rates as low as $57/mo. Get a fast quote and your certificate of insurance now.
The Most Injurious Disciplines
Due to the high number of injuries in martial arts training, it makes a lot of sense for any dojo to look into protection with proper martial arts insurance Pennsylvania. Individual instructors who work in martial arts facilities but do not own them should also make sure they are protected, since they can be named individually in a suit if they are responsible for injury.
Of all martial arts disciplines, some stick out as the worst offenders when it comes to the number of injuries experienced by participants. A British study compared five different martial arts disciplines to determine which of them had the highest rates of participants requiring time off due to injuries. If you operate a martial arts studio that engages in any of these particular disciplines, you definitely need to consider martial arts insurance Pennsylvania to protect your business from liability if the unexpected happens.
The study found that among the various disciplines, these were the most likely to result in injuries and time off due to injuries: tae kwon do (injury rate of 59 percent), Aikido (injury rate of 51 percent), Kung Fu (injury rate of 38 percent), karate (injury rate of 30 percent), and Tai chi (injury rate of 14 percent). Just one injury can be enough for an uninsured studio to find itself shutting the doors and closing up shop due to litigation and financial awards paid to the injured.
As you can see from the study, even with martial arts that involve very little physical contact, such as Tai Chi, there is still a significant number of injuries. According to the study, students also tend to be at a higher rate of injury as their martial arts training progresses.
Martial Arts Insurance Types
If you own a martial arts studio in PA or have plans to expand by opening a new one, protecting your business' interests and your employees and equipment is an essential part of the process. Most studios should look for martial arts insurance Pennsylvania:
General liability insurance. This sort of martial arts insurance Pennsylvania provides coverage for claims that result from accidental injury on the premises. Liability lawsuits can be quite excessive, so you should choose the limits of your policy based on how many people you normally train and the number of staff you employ, among other factors
Worker's compensation insurance. This is a necessary insurance that you must provide if you have any employees working for you. Check with your licensed PA agent to make sure that you are compliant with the laws in your area and that you are fully protected against injuries or illnesses caused by work-related activities.
Umbrella insurance. This is an additional type of liability insurance that protects your studio against claims that exceed the limits of your normal policy. It is usually quite budget-friendly and provides an additional reduction in your risk exposure.
Property insurance. Cover the contents of your dojo and the building in which your business is lodged with property insurance. Check to see that you're covered in the events of severe weather, fire, and other perils. You may need a separate flood insurance policy, since most property insurance policies do not cover flooding.
Coverage for tournament action. If you take your students to another facility or host tournaments at your studio, then check out separate martial arts insurance Pennsylvania coverage for the possible accidents and injuries that may result.
Common Injuries That Occur Among Martial Arts Students
Students undergoing martial arts training can become severely injured, leaving your business liable. Concussions and injuries to the nose, ears, eyes, and head are common. Neck injuries, injuries to the skin, and broken extremities are also possible.
Oftentimes these types of injuries heal up without causing a lasting effect, but others cause lifelong problems and necessitate the martial art student taking therapy and rehab for long periods of time to regain their full functioning. Get martial arts insurance Pennsylvania coverage to protect your business from financial claims and lawsuits is essential to ensuring your business' ongoing health and success.
Request a free Martial Arts Insurance Pennsylvania quote in Philadelphia, Pittsburgh, Allentown, Erie, Reading, Upper Darby, Scranton, Bethlehem, Lancaster, Bensalem, Harrisburg, Altoona, York, State College, Wilkes-Barre, Norristown, Williamsport, Easton, Lebanon, Hazleton, New Castle, Johnstown, Chambersburg, McKeesport, Carlisle, West Chester, Hermitage, Pottstown and all other PA cities. Also see Martial Arts Insurance New York, Martial Arts Insurance New Jersey, Martial Arts Insurance Delaware, Martial Arts Insurance Kentucky, Martial Arts Insurance California