Running a business can be perilous enough, but when you operate in a field that potentially poses a high risk (like martial arts, especially if you’re a teacher with a class of untrained students), you don’t want to be caught short if something goes wrong. Since many martial arts businesses are owned by sole traders who just want to teach their craft, a claim made against you for injury or damage can potentially be devastating.
Taking out a business insurance policy for your martial arts school can help you when the unexpected happens, whether it’s a student’s broken bone, a hole in the wall from an overenthusiastic kick or your own injury preventing you from working.
Furthermore, when holding martial arts classes in places like gyms or public places, you may be required to have insurance.
The cost of insurance for a martial arts business is different for each policyholder because no two businesses are the same. Premiums are based on a number of considerations, including (but not limited to) how many people you employ and your annual revenue. Since these factors tend to be unique to each business, your premium will likely be too.
If you’d like an indication of how much you might pay for a policy from some of Australia’s top insurers, you can complete a quote through our business insurance comparison service.
There is no ‘best’ business insurance for martial arts because the perfect policy for you might not suit someone else. Some things you might want to look out for when choosing your insurance include:
If you want some general advice either give us a call or compare business insurance online with us.