Having the right insurance coverage for your MMA Gym or MMA School is crucial. With a MMA facility you will want to be sure you have certain coverages to protect everything that MMA entails. MMA insurance is unique and requires more than your basic business insurance. We would hate for your business to take a hit, have the protection you need with AGuard.
Ever asked yourself the following questions?
- What insurance do I need for my Martial Arts facility?
- What types of coverage will be best for my MMA business?
- Are my special events and programs insurable?
- Can I afford good MMA coverage?
Just as you would gear up before stepping into the cage, your MMA insurance policy needs a little extra padding in addition to your general business insurance. Whether it is MMA, Taekwondo, Aikido, Capoeira, Hapkido, Judo, Jiu Jitsu, Karate, Krav Maga, Kung Fu, Tai Chi, Brazilian Jiu Jitsu, or another style; you need the right tools to protect your business!
What insurance do I need for my Martial Arts facility?
Martial Arts facilities at the very minimum will need General Liability and Professional Liability insurance. Depending on the insurance carrier’s requirements Accident Medical insurance may be required with your General Liability insurance.
1. Commercial General Liability insurance is the most basic form of coverage that a business needs. This insurance provides coverage if you are sued by a person who claims that you caused them physical injury or damaged their property.
General Liability coverage provides liability protection for the martial arts facility, including employees (W-2 and Independent Contractors) as well as Volunteers, for claims arising out of the school/gym’s operations.
2. Professional Liability insurance helps cover your business if you or an employee makes a mistake in the professional services given to a client. This coverage is also known as errors and omissions insurance(E&O).
3. Accident Medical insurance covers clients’ medical bills if they are injured at your MMA facility and have no insurance of their own, or their bills exceed what their own insurance pays.
When applying for insurance the best thing you can do is communicate with your insurance broker outlining all your operations and intentions for your business.
What types of coverage will be best for my MMA business?
In addition to your General Liability and Professional Liability a few additional insurance coverages may be recommended to your business depending on your style of movements, operations, and events and/or tournaments offered by your business.
Optional coverages you can add to your policy:
- Abuse and molestation
- Competitions and Tournament coverage
- Employee benefits liability
- Special events and fundraisers
- Equipment coverage
- Business Income/Business Interruption insurance
Speak with an AGuard professional to find out the exact coverages your business needs.
AGuard believes your coverage should be customized to your business and you should not pay for the coverages your business doesn’t need.
Are my special events and programs insurable?
Yes! MMA gyms are unique, and the best insurance carriers will know that. Talk to your insurance agent about the frequency and details of your events, tournaments, camps, and competitions so you can get the coverages you need.
Can I afford good MMA coverage?
Absolutely, the most important thing you can do is find an insurance agent or broker you can trust. Let them know about the operations of your business and the good insurance agents will be able to customize the coverages to exactly what your business needs.
Understanding your operations and the coverage you need will help you feel confident in selecting the best insurance coverage for your business.
AGuard insures hundreds of Martial Arts gyms across the country. We match you to personalized coverage, at the best price, with a team you can trust. Feel confident in your coverage and your business.
Keep your guard up. Choose AGuard.
