Cycling insurance firm launches broking service for mobility and gig economy businesses

Cycling insurance firm Bikmo has today (13 December 2021) launched ‘Bikmo for Business’ – an insurance advice, product broking and management proposition for companies operating in the cycling, mobility and gig economy sectors.

The new service aims to support cycling and mobility-centric businesses by offering relevant advice and insurance products, such as liability and property policies, as well as suggesting bespoke solutions for less straightforward risks.

Potential policyholders can take advantage of Bikmo for Business by completing a free, online, 30-minute consultation, which is used to identify the business’ main risk considerations and flag possible insurance options.

Bikmo then works with its panel of insurers to recommend suitable covers.

The insurance firm created Bikmo for Business in response to customer demand for non-standard insurance policies, typically requested by startups or companies with new business models, such as those looking to embed insurance protection with their service or product.

Helping build a resilient industry

Bikmo chief executive David George said: “I’m excited that the launch of Bikmo for Business is the next step in our ability to support and protect those businesses, building a more resilient industry and making us better prepared to tackle local and global challenges that the cycling sector will face in the years to come.”

Ben Frith, retail and commercial insurance manager at Bikmo, added: “’I’m delighted to be spearheading our campaign to demystify insurance for cycling businesses, going back to basics to help owners regain cover confidence, offering a tailored, consultative approach to significantly bolster the support available to the commercial businesses and organisations that underpin our booming cycling community.”

Bikmo initially launched its consumer cycle insurance proposition in 2014 – it now covers tens of thousands of riders’ bikes and gear across four countries. The business also provides insurance for partners British Cycling, Brompton and Cyclescheme.

Bikmo’s commercial partnerships, meanwhile, include providing including rider accident insurance for Deliveroo and operation-critical liability protection for Tier Mobility’s London e-scooter trials - both in collaboration with risk and insurance firm Tribe Advisory.