Just wondering... Your yearly insurance cost

Discussion in 'Schools / Instructors' started by kitkatninja, Jan 3, 2019.

  1. kitkatninja

    kitkatninja Blue Belt

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    Hi All,

    Just wondering, how much do you pay for your instructor insurance (including public liability)?

    This years insurance cost just under £90, which to some isn't that expensive (but we're a non-profit club), but if you consider that it's gone up by £20 and we haven't made a claim...
     
  2. pdg

    pdg Senior Master

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    I have no frame of reference, but that's a surprisingly small amount imo. That amount of increase isn't out of the ordinary if my business insurance is any indication...

    If you don't mind me asking, what sort of level of cover is that for and what company?

    I'm actually considering starting something up (not MA, but physical activity) and don't know what companies to start with.

    (Private message reply is perfectly acceptable if you want to answer, but not publicly.)
     
  3. drop bear

    drop bear Sr. Grandmaster

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    A hundred bucks a year.
     
  4. gpseymour

    gpseymour MT Moderator Staff Member

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    Very different in the US, I think. The lowest price I found for a small program is about $500 for the year, which covers up to something like 25 active students and small seminars.
     
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  5. Dirty Dog

    Dirty Dog MT Senior Moderator Staff Member

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    Nothing at all. We're covered by the YMCA. :)
     
  6. kitkatninja

    kitkatninja Blue Belt

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    That's for instructors insurance only with a public & product liability cover of £5m. That is based on my martial arts qualifications (my Dan ranks as well as having instructors qualifications), the art taught and the use of weapons for demonstration purposes; weapons include Bo, Bokken, Dagger, Escrima Sticks and Jo.

    What does that cover?

    Ok, so your instructor and club insurance is under one policy? Our club insurance covers our members and that is taken out separately.

    Lucky you :)
     
  7. kitkatninja

    kitkatninja Blue Belt

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    Hi Mate, was going to PM you with the rest of my answer, but for the life of me, I can't find the PM button...
     
  8. kitkatninja

    kitkatninja Blue Belt

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    Found it, it's not called/labelled PM, it's called conversation :)
     
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  9. gpseymour

    gpseymour MT Moderator Staff Member

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    I've never had insurance for a single instructor (like when I taught at my instructor's school as a volunteer, or when I taught my program under the auspices of the YMCA). The only insurance I've ever seen was for the program (club/school).
     
  10. Dirty Dog

    Dirty Dog MT Senior Moderator Staff Member

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    Oh yeah. Especially when you consider the salary I get for teaching. It is, coincidentally, exactly as much as I get paid here!
     
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  11. gpseymour

    gpseymour MT Moderator Staff Member

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    That was the deal I originally had with the YMCA I started at. Unfortunately, they don't really like handling the registration, so they tossed the program back to me to own.
     
  12. Dirty Dog

    Dirty Dog MT Senior Moderator Staff Member

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    They've been doing it for like 25 years at this YMCA. I figure we're volunteering our time to teach. If they want to charge for it, they can deal with the paperwork. If they decide to stop dealing with the paperwork, the program will be free. :)
     
  13. gpseymour

    gpseymour MT Moderator Staff Member

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    At this one, if they don't do the registration (paid or free) for limited-space classes, then they stop advertising it as their program and start charging for the room. I'd have kept teaching there pretty much forever if they'd let me keep the space for free.
     
  14. pdg

    pdg Senior Master

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    So that's how you manage to afford both yachts and all those sports cars...
     
  15. Dirty Dog

    Dirty Dog MT Senior Moderator Staff Member

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    Both yachts? BOTH???
    Silly boy. I have one in six of the seven seas!
    OH, wait. I'm awake now. Never mind.
     
  16. geezer

    geezer Grandmaster

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    Yeah, that sounds like the policy I've got, suitable for a small club.
     
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  17. dvcochran

    dvcochran Master of Arts

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    I have used Next Insurance for over 20 years. Have had two claim and zero payment problems.
    Policyholder: State National Insurance Company
    Cost: 350/yr
    Each Occurrence Limit: $1,000,000
    Damages to Premises Rented: $100,000
    Medical Expense Limit: $10,000 per person up 5 per year - person unspecified
    Person & Advertising Injury Limit: $1,000,000
    General Aggregate Limit: $2,000,000
    Products/Completed Operations Aggregate Limit: $2,000,000

    @kitkatninja, how do your coverage limits compare? If I converted right you are at about $117 USD (is this per year?) which is very low by comparison. I shop all my insurance coverages every two and have never found a carrier cheaper than Next. They have lower coverage limits but $2,000,000 is the common coverage requirements for a lot of my work outside the dojang so I just keep it at that level.
     

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