K&K Insurance Restructures Martial Arts Program

K&K Insurance, a managing general underwriter offering insurance products and services to the sports, leisure and entertainment industries, has completed a major restructuring of its Martial Arts Schools Program.

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 $5 million regardless of occurrence limits selected (options of $1 million to $5 million 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 $1 million 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 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. K&K pays 10% commission on this program.

K&K also offers a 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.