It is a well priced policy apparently with pretty good second party liability coverage limits. You can checkout IKO documents related to the policy at:
http://www.ikorg.com/insurance/pdfs/...nce_policy.pdf
http://www.ikointl.com/kb_insurance.php
That is an excellent premium rate even more so considering the 20% commission which I understand is paid to the instructor facilitating the sale. A while back I asked for more specifics about the insurance including some information on the claims/coverage experience in the USA. I assumed this could be sanitized to protect insureds and insurer confidentiality. Unfortunately, no information was provided despite the request being made in an ongoing dialog with IKO representatives. That was about two to three years ago, perhaps things have changed? I really would like to know more about the insurance and it's use/applicability and claims experience in the USA. It would be a great bargain if it can readily be used to cover likely claims in the USA. Unfortunately, it is hard to say at this point.