BTC LICENCE PERSONAL ACCIDENT INSURANCE
Whilst injuries in Tae Kwon-Do are not quite common place as in other contact sports these can at times, be so serious as to dramatically affect the injured party or even result in death. The natural reaction in such cases is to seek compensation and this will involve court action which may or may not be successful. It is estimated that only one in five such actions results in an award of damages and a seven or eight year delay must be anticipated. Personal accident insurance will provide such automatic compensation without the need to prove that anybody is liable.
To provide immediate compensation without need to prove liability or pursue court action The British Tae Kwon-Do Council have arranged Personal Accident Insurance in respect of all members. This should ensure that in the event of death a sum is available to the members direct dependents but where permanent total disablement, such as loss of an eye, a limb, or total inability to pursue an occupation occurs, higher compensation to help rebuild a shattered life is called for. Whilst no amount of compensation can adequately replace the quality of living previously enjoyed, a sensible benefit of around £25,000 is considered suitable.
Weekly benefits to assist, but not to replace for the loss of wages is also insured through this particular benefit only applies to people in waged employment. The British Tae Kwon-Do Council considers this fact relative to the ages and employment conditions of their membership and to this end a small degree of assistance is given to students and junior members.
The benefits are as follows;
Death £5,000 per Insured Person of under 18 years of age £25,000 per Insured Person over 18 years of age
Total and Irrecoverable loss of sight in one or both eyes £25,000
Loss of one or two limbs £25,000
Total and Irrecoverable loss of sight of one eye and Loss of one limb £25,000
Permanent Total Disablement Total loss of sight of one or both eyes or loss of limb £25,000
Temporary Total Disablement £5 per week per Insured Person of under 16 years of age. Entitlement o this benefit is to a maximum sum of £250
£60 per week per Insured Person over 16 years of age in full / part time employment. Entitlement to this benefit is dependent upon loss of earnings incurred to a maximum of £60 per week. Maximum sum payable £3,000
£15 per week per Insured Person who is unemployed and students in full time education. Entitlement to this benefit is dependent upon loss of any other benefit / grants due to the injury to a maximum of £15 per week. Maximum sum payable £300
To qualify for any of these benefits you must have been absent from employment or studies for a period of more than two weeks and proof of absence and loss of earnings will need to be supported by official paperwork i.e. Medical Certificates In order for any of the above benefits to be applied, claims should be submitted on an official claims form to the Insurance Officer of the British Tae Kwon-Do Council within 21 days, failure to do so will jeopardise your claim and may result in loss of benefits.
Injury to a third party or damage to property of others could almost automatically result in a claim for damages, such claims and their associated expenses should the case go to court can be very costly. In the absence of adequate Liability Insurance, members will find themselves financially responsible for any damages and costs awarded, to this end included in the membership insurance of the British Tae Kwon-Do Council is a Third Party Liability Insurance for all its members.
Benefit is as follows; Limit of Liability £5,000,000 / unlimited in any one of insurance
Members Professional Indemnity
As a Tae Kwon-Do student regardless of grade at some time you may be requested to assist the Instructor and train junior grades within the lesson. To this end in order that you can do this officially the British Tae Kwon-Do Council has included in its membership insurance Indemnity cover to the sum of £1,000,000.
All insurance cover is only available to British Nationals and students who have resided in the U.K. for longer than six months.