Bikmo for Business
bikmo for business bike shop insurance header

BIKE SHOP INSURANCE
JUST WENT UP A GEAR

Specialist cycle retail insurance designed
with bike shops, for bike shops, by the bike insurance experts

WHY INSURE WITH BIKMO?

1
Tailored for Bike Shops
We worked closely with our bike shop partners to design the ultimate insurance product for bike shops – get the right fit for your business.
2
Top-rated underwriter
We understand that the value of a product comes only from the response from the insurer when you suffer a loss – we trust Hiscox and you can too.
3
Advice from our experts
Our team will invest the time demanded to make sure your hard-spent premium gets you the cover you need, ensuring that you can be confident in its value.
1
Tailored for Bike Shops
We worked closely with our bike shop partners to design the ultimate insurance product for bike shops – get the right fit for your business.
2
Top-rated underwriter
We understand that the value of a product comes only from the response from the insurer when you suffer a loss – we trust Hiscox and you can too.
3
Advice from our experts
Our team will invest the time demanded to make sure your hard-spent premium gets you the cover you need, ensuring that you can be confident in its value.

WHAT WE COVER

Comprehensive insurance for your bike shop or retail business

Your Unique Liability Risk

Bike shops are not like other shops. It’s crucial that your insurer recognises this from the start, avoiding eye-watering cover potholes when it comes to public and products liability.

Business Interruption

When unexpected events threaten to derail your business we can help keep the show on the road – it could be a loss at your site, in your neighbourhood or at your suppliers.

Your Precious Goods

You may have forgotten what normal stock levels look like. Shortages aside, be confident that your most valuable assets are covered against theft and damage, whether they’re on the shop floor, or in the clamp.

Employers’ Liability

More than just a legal necessity, we get that you’ll want to be confident that protection is in place should your staff suffer on your watch.

Demo & Hire

The policy is designed to reflect a trading reality for bike shops, sometimes you have to trust that your bikes will be off-site and out of sight, but out of sight shouldn’t mean uninsured.

Do You Deliver?

Whether you are fulfilling online orders via third party couriers, or returning a regular’s serviced bike – be covered for goods in transit.

Coaching, Fitting & Advice

Offering training courses or bike fitting services for a fee opens your business up to professional negligence losses, our product plugs this precarious gap.

Risk Management Rewards

We’ve tailored a risk management programme with Hiscox’s underwriters to make those savvy improvements to security or staff training investments even more worthwhile.

Bike Shop is best

Not all insurance products are built equal.

Many bike shops are insured on restrictive off-the-shelf retail products simply because their broker doesn’t have access to anything more suitable.

Don’t settle for a fixed-gear solution, speak to the experts to get Bike Shop specific support.
Bike Shop customer service

2022: The Curse of the Rising Stock Levels

If you have an increasing amount of stock filling your bike shop, you are not alone.

The issue is compounded by rising wholesale prices and the growing popularity of high-ticket items.

With so much capital tied up in stock you need to make sure your stock sums insured are a true reflection of reality, and you need to think about boosting security.

YOUR QUESTIONS, ANSWERED

What information will you need to get a quote?

There will of course be mandatory information that we must know in order to provide a full and fair presentation of your business to insurers – company fundamentals, premises details, stock levels, employee numbers.

However, the better we understand your business the better we can tailor your policy and our advice, we may end up asking you more than you’ve been asked before, but its all because we have a determination to deliver the most suitable solution for you. We’d love to spend an hour getting under the skin of your shop and helping improve your cover confidence, this is why we have built our CoverFit service.

Find out more about CoverFit here

Get a quote
What’s different about Bikmo?

We’re heavily invested in the continued success and development of the cycling retail sector – its vitally important to us that you can trust your insurance cover in order that you can concentrate on keeping your community of cyclists equipped to keep riding.

We share your enthusiasm for bikes and are determined to provide exceptional service alongside our tailored product that is refreshingly different and unrivalled by traditional insurance companies.

Get a quote
How much cheaper will our premium be?

We’ve put in the hard graft to ensure that we can be confident in delivering a competitive premium, however we are here to provide the most suitable cover solution which will not necessarily always be the cheapest.

Our core priority will be to help you get the very best from your budget and we’ll never be afraid to tell you if we believe you need to invest a little bit more to better protect you and your business.

Get a quote
Why are recommended liability limits so high?

In an increasingly litigious society there will always be a risk to your business should your negligent actions or inaction be alleged to have caused injury or financial harm.

The cause of such an injury may appear innocuous but the effects can be life-changing and expenses can pile up rapidly. The injured party may require specialist and costly care for the remainder of their life, or their injuries may mean they need to call time on a prestigious career, foregoing substantial future earnings.

From small incidents significant claims do occur, no business big or small is immune from the potential fallout. This is the key reason why we’ll recommend you opt for the highest liability limit you can reasonably afford, why limits of £5m and £10m are increasingly becoming the norm even for small businesses.

Get a quote
What can we do to improve our risk?

With all the will in the world we’ll never be able to prevent claims from occurring, however we can support you in taking steps to reduce the likelihood, frequency and severity of losses.

We’ve created a reward structure alongside our insurer, designed to help you identify the most significant risk contributors and encourage you to consider insurer-recognised improvements which can make a notable difference.

Find out more about risk management
Will we have to pay the premium up front?

No – we are pleased to be working with Hiscox to provide 0% Direct Debit for all cycle retailers. The Direct Debit is managed by Hiscox – there are no premium finance providers to get to grips with.

Hopefully this will be a welcome relief to your cash flow.

Get a quote

Introducing CoverFit

CoverFit is Bikmo’s groundbreaking insurance fitting service engineered exclusively for bike shops.

Whether your renewal is due within the next few days or not for a few months, speak to our expert advisor Ben for a personalised insurance proposal designed around your business.

Online fact find

We know it can be hard to find a spare moment when you are not talking to customers or swimming in grease.

Whenever you find time to focus on your insurances, wherever you happen to be, you can use our carefully crafted online fact find to kickstart the quote process.
bike shop worker at computer

Not ready?

If your policy renewal date isn’t up for a bit, register your current policy renewal date and we’ll get in touch nearer the time.

    Top-rated underwriter

    We’ve worked with Hiscox for years, and we trust them to be there at your time of need.
    Our bike shop insurance underwriter

    Hiscox

    Hiscox have over 100 years of experience in speciality risk, including ocean liners and inter-planetary probes, so are perfectly positioned to cover your bike shop.

    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.
    bikmo online video chat