Martial arts loss control news - Vol. 1, 2019

Tae Kwon-Do kidsAre you using your resources to defend your dojo?
The longer you practice your art, the more skilled and knowledgeable you become, quickly able to respond to an adversary’s threats and attacks. Through years of dedication practicing your art, you learn to become a more proficient martial artist. The same is true for establishing well-managed loss prevention strategies to protect your martial arts school.

According to the Glossary of Insurance and Risk Management Terms, insurance “Black Belts” define loss prevention as a risk management technique that seeks to reduce the possibility that a loss will occur and/or reduce the severity of those that do occur. Also known as risk control or safety. Driver training programs are loss control programs that seek to reduce the likelihood of accidents occurring. Sprinkler systems are loss control devices that reduce the severity of loss by fire. Understanding what exposures martial arts schools might face helps to better defend against them.

To help you create a solid risk management defense, let Markel Specialty be your Sifu. Markel Specialty can assist you in addressing these concerns by helping you identify conditions, develop action plans to help mitigate loss potential, and transfer knowledge to assist in better understanding issues that lead to claims. Loss control helps create a safe and sustainable working environment for customers and employees, and assists in reducing business expenses through use of industry safety standards and best practices.

risk blocksYou can begin your journey into the art of loss control and risk management by visiting our online loss control resources, and specifically reading martial arts resource articles. Here you will find a number of value added resources to help you gain balance and utilize your available resources to defend your prized possession: Your Dojo! 

When you enter the risk management ring, you will see a number of available weapons to help strengthen your loss prevention “kiai” such as:

  • Discounted services
    Markel has partnered with several vendors to provide discounted services to our insureds.
  • Safety guides
    View safety guides designed to help keep your business and your employees safe.
  • Safety videos
    Learn more about risk management techniques and Markel Specialty's discounted services. Training Network Now - available to Markel Specialty customers at no cost, provides access to a wide variety of safety training videos which include quizzes, trainer guides, and completion certificates.
  • Newsletters
    Topical newsletters by program.  You can search topics of interest to aid your journey.

Be on the lookout for more tips to help strengthen your defenses against liability, auto, and property damage losses in the next martial arts loss control newsletter.


Reference:
Glossary of Insurance and Risk Management Terms. Sixth Edition. International Risk Management Institute, Inc. Dallas.TX.1996

 

The information provided in this article is intended for general informational purposes only and should not be considered as all encompassing, or suitable for all situations, conditions, and environments. Please contact us at losscontrol@markel.com or your attorney if you have any questions. The article may not be linked to, copied, reproduced, republished, posted, or distributed in any way by non-policyholders of Markel®, without permission.