Be aware of Brokers / Underwriters new to the industry or returning after a long period of absence.
Because they may only be around to make a quick buck and when they have a couple of claims, simply disappear again.Old players may have pulled out because of competition (not enough profit) and feel they can jump back in with policies that appear to be good value, but read the fine print and ask the questions.
We are all for lower prices for insurance but when you go below a certain price point, there will not be enough in the kitty to cover claims. Once again these players will disappear creating a roller coaster of price hikes letting history repeat itself again. The other thing you need to be aware of is the policy wording because we have sent policies off to our legal team and found instructors are simply not covered for their operations. It is easy to sell a policy at a very low premium if it doesn't cover you for your activities because if you make what you feel is a legitimate claim, it simply will not be paid. So who will pay it? You!
How do we know? The International Martial Arts Alliance has been around for 15 years and some of its executives for 50+ years in the industry. We have also been working with insurance companies for around 10 years.
If you have a obtained policy through the International Martial Arts Alliance we will help you through the litigation process in unlikely event that you need to make a claim. We liaise with the insurance company, broker and their legal team if appropriate. Think about the value of this service!
It is only by banding together that we can accumulate large enough numbers for the insurance companies to take us seriously. It is because school owners have been supportive of the IMA that we have been able obtain these great prices. The International Martial Arts Alliance is working with other associations and together are effectively negotiating with much larger numbers for the future, (300,000+). Our goal is to get insurance down to a fair price, around $5.00 per person for the year, so stick with us! Several hundred schools and associations already enjoy the benefits of insurance policies through us because, we take the pain out of the back pocket and make the process much easier.
How do I get martial art insurance? Call the Hotline: 03 9897 3213