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Revamped Martial Arts Program Includes Expanded Coverage and Lower Minimum Premiums

Tuesday, September 22, 2015
Revamped Martial Arts Program Includes Expanded Coverage and Lower Minimum Premiums Fort Wayne, Ind. (June 9, 2011): K&K Insurance, a managing general underwriter offering insurance products and services to the sports, leisure and entertainment industries, announces a major restructuring of the Martial Arts Schools Program. In order to better serve client demand, K&K has reduced account minimum premiums and expanded the eligible styles of Martial Arts to include the instruction and training of Mixed Martial Arts, Muay Thai/thai boxing, Dim Mak, Haganah, Kali/Escrima, Savate, and Sayoc Kali. Additionally, enhancements to coverage include:
  • The general aggregate limit is now $5M regardless of occurrence limits selected (options of $1M to $5M available).
     
  • Damage to Premises Rented to You Limit increased from $300,000 to $500,000.
     
  • Medical Payment for Participants Limits (excess) increased from $25,000 to $150,000.
     
  • General Liability minimum premium reduced to $750 for $1M occurrence limit. Liability coverage includes; professional liability, legal liability to participants, and nonowned/hired auto liability
     
  • New Commercial General Liability Broadening Endorsement now includes: Emergency Real Estate Consultant Fee; Key Individual Replacement Cost; Temporary Meeting Space; Workplace Violence Counseling; Identity Theft Exposure; Lease Cancellation Moving Expense; and Terrorism Travel Reimbursement.
     
  • Equipment and Contents Coverage (Inland Marine) now includes Business Income with Extra Expense, Money and Securities Coverage, Valuable Papers and Records Coverage, and Account Receivable Coverage.

Agents can easily apply for martial arts school coverage on behalf of their clients through submission of a paper application, or they can quote and purchase coverage immediately through K&K’s specialty ecommerce website at www.martialartsinsurance-kk.com. K&K pays 10% commission on this program.

K&K also offers a competitively priced liability program for martial arts/self defense instructors who operate as independent contractors and do not own or lease their own school. Rates for the program have also been recently reduced. The program is currently available through submission of paper applications only.

About K&K
K&K Insurance Group, Inc., a division of Aon Underwriting Managers, is a managing general underwriter offering insurance products and services to the sports, leisure and entertainment industries. For more information, visit www.kandkinsurance.com.