Contents Insurance Info for Martial Arts Clubs
You have protected your students and yourself now you need to look at other assets. You have just leased a building for the next chapter in your martial arts journey and you need to cover all the contents. Many instructors think that covering the mats, some equipment, security system and a computer will do the trick but one has to look at the full picture when disaster is loaming. Full cover includes contents, property, glass breakage and business interruption but if you are only leasing you don't need to consider the property component.
So what happens if you have a fire or you get water damage from a storm. The main thing is your Business Stops and you challenged with how to clean up the mess and get operational again. The longer you are not operating the bigger the cost and slower the recovery. This interruption to your business, means students will not pay if they can't train and you don't get paid but the bills keep coming in. Good News, there is insurance to cover the whole process including clean up costs, renting a temporary venue etc. We can put you in touch with an experts in this area who can discuss all the factors to make sure you are aware of each exposure and how to protect them.
Each location will not be rated the same as far as an insurance company is concerned. The construction of the building, security, location, your turnover, the overall pay out figure and other elements are used to calculate your premium. It is best not to just take the cheapest quote that comes in but look at what you actually get. Sometimes for a few extra dollars gets you covered for much broader exposures that you may not of been aware of. You can't guess what you need because if you get it wrong, it could be very costly. We make it very easy for you to see what is available, where the risk are so you are informed and can decide if the product is right for you.