PUBLIC / PRODUCTS LIABILITY
What is the first line of defence for your business?

There are many answers to this question and it maybe by applying the appropriate risk management strategies and polices to prevent an incident. Next it maybe using an appropriately worded waiver form which can strengthening your defence in a claim. Whatever your strategy insurance will play a big part in your decision, so it deserves more of time to research it.

What level of liability do you need?
There are industry standards that professional bodies will recommend, but ultimately you will make that decision on the level of cover you require. The venue / landlord may specify a minimum limit of 10mil or 20mil Public Liability. According to our client needs about 20% of the fitness / martial arts businesses end up with the higher cover.
You will generally pay around 25% more for the 20mil cover.

The Public Liability cover for Martial Arts Schools is different to Gyms / PT Studios because of the diverse range of activities and equipment used.

Martial Arts schools / clubs require a specific type of cover.

The insurers that work in this space generally include all types of martial arts and combat sports such as these mainstream ones: Kickboxing, Muay Thai, Taekwondo, Karate, Kung Fu, Mixed Martial Arts (MMA), Brazilian Jiu Jitsu (BJJ), Ju Jutsu, Aikido, Kendo, Sumo, Iaido, Hapkido, Tang So Do, Kempo, Iaido, Ninjutsu, Kendo, Wushu, Sanda, Tai Chi, Wing Chun, Jeet Kune do, Sambo, Judo, Silat, Boxing, Krav Maga, Systema, Defensive Tactics etc.

What is important to know is each martial arts code has a risk rating attached to it. This becomes more important when a school introduces a new style that maybe rated as a higher risk by the insurer. All you have to do is let the broker know what you teach now and what you may do in the future. This way they can make sure you are covered for all the activities you provide or let you know if something is not going to be covered.

COVER LIMITS

10mil Public Liability 10mil Products Liability and 5mil Professional Indemnity or Civil Liability although 20mil PL is being requested more by venue hire facilities to teach and shopping centres to perform demonstrations.

All liability insurances are subject to limits on the amount payable and many have an excess also known as a deductible, which is deducted from the amount paid to the insured. It is common for there to be an excess of $1000 - $5000 depending on the policy but you can have the option of a nil excess which increases the premium.



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