Here are a plethora of thoughts:
General Liability: A student could slip and fall in your studio and you could be sued for accidental bodily injury.
Accident Medical: A participant is injured during a class and has medical or dental bills.
You have a studio in your home and your home owners insurance provides NO COVERAGE because you are running a business.
Many home owners policies have exclusions for a business at your home.
You may need a certificate of insurance to get a contract or rent space.
You specifially need a policy that does NOT exclude participants
Beware of policies that exclude participants.
The dojo insurance that you can quote and buy online does not have a participant exclusion, which is the type of policy that you want.
It includes both general liability and accident medical coverage.
What if I run a dojo from my home or just have a “club”?
Your homeowners insurance probably has an exclusion for businesses operating from your home.
Even if you have a separate building for your studio, it’s still located at your home address and you still likely do not have coverage under a homeowners policy.
Just because you call it by a different name, such as a “club” that does not mean that you cannot be sued for accident bodily injuries. Just a simple slip and fall claim from a visitor to your studio could cost you your business, your savings, and more when you tried to defend it.
Let’s say this again – your homeowners insurance probably has an exclusion for businesses and possibly even one for any type of “athletic activities” on the premises.
Here is the link to the original:
Last edited by StephenBaker; 27th March 2015 at 06:04.
Reason: Fixed link
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