We've had our bike shop insurance on the workstand for months. We promise it'll be worth the wait.
Coming early 2022
Register to find out when our retail insurance is ready. No spamming, we promise.
Our plan for retailers
Challenges we are looking to help you overcome within our new product
Liability arising from the workshop
Arguably the greatest threat to bike retailers, as not all retail products will cater for injuries sustained due to alleged defective workmanship.
Low take-up of essential emerging insurance products
Professional Indemnity, Cyber, D&O, Employment Practices Liability – all increasingly essential for retailers in the modern landscape, these vital covers need de-mystifying.
Large upfront premium demands
The withdrawal of interest-free options for paying in instalments – we’re looking to offer a 0% Direct Debit
Over-reliance on suppliers
The recent supply issues have highlighted retailers’ reliance on effective supply chains – tackling how your business can cope if a key supplier suffers major disruption.
Flexible Stock cover
It’s becoming increasingly difficult to manage stock levels with bulk orders being encouraged and significant delays in distribution.
Delivering online orders
With an increasing proportion of sales driven online retailers need to be careful about how they fulfil the delivery of sold goods – that bikes aren’t lost or damaged in transit.
Uncertainty over protection for demo + hire
Removing uncertainty over the cover position for out of sight stock during demo and hire periods.
Apathy to risk management
Encouraging you to minimise the risk of damage to your stock, or liability events, by rewarding the pro-active steps you are taking to mitigate risk, a more collaborative approach.
An increasingly litigious environment
The growing threat to all retailers of severe third-party injury claims, with recognition of the numerous activities a bike retailer undertakes.
Being prepared for the worst
Clarity over the circumstances where the policy will respond if the performance of the business is disrupted by events outside of your control.
WHO WE WORK WITH
Bikmo is the specialist commercial insurance broker trusted by big brands, small businesses and start-ups.
We live it
The Bikmo team is made up of people who love bikes, the outdoors, and protecting our planet for future generations. By focussing our insurance expertise on cycling and mobility, we feel very lucky to work with businesses that share our values.