Klassic Karate
Being a black belt in two different martial arts, Kirk Karwan has opened his martial arts school, "Klassic Karate" to teach karate to young children and adults. Kirk has hired six other black belts to help him teach the 300 plus children and adults who have signed up at the school. When asked by some parents about the type of insurance the school carries and how he manages the different risks, Kirk was stunned. Not only had he not bought the insurance but he had not even thought about it or any other types of risks.

-Desired coverage beyond mandatory insurance that Kirk may want to consider includes all of these EXCEPT

Question

Klassic Karate
Being a black belt in two different martial arts, Kirk Karwan has opened his martial arts school, "Klassic Karate" to teach karate to young children and adults. Kirk has hired six other black belts to help him teach the 300 plus children and adults who have signed up at the school. When asked by some parents about the type of insurance the school carries and how he manages the different risks, Kirk was stunned. Not only had he not bought the insurance but he had not even thought about it or any other types of risks.

-Desired coverage beyond mandatory insurance that Kirk may want to consider includes all of these EXCEPT

Quizplus · Accepted Answer

Unemployment insurance is not a type of insurance that would provide coverage for Kirk's business. It primarily applies to individuals who have lost their jobs and are seeking financial assistance during their job search. The other options listed, catastrophe, product liability, and general liability, are types of insurance that may be beneficial for Kirk's business to consider for additional coverage beyond mandatory insurance.

Klassic Karate Being a Black Belt in Two Different Martial Arts, Kirk