Commercial Insurance for Bike Shops and Cyclists
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Ai Insurance Organization provides affordable comprehensive general insurance to cover all potential risks of a bike shop.
Friendly and knowledgable bike store insurance experts
Our bike shop insurance specialists have over 20 years in the commercial insurance field and are also passionate cyclists with over 100 completed triathlons. We understand the number of unique business exposures you face, which is why we’ve developed tailored insurance programs to suit your everyday needs!
Commercial Property Insurance
Also known as all-risk coverage, commercial property insurance covers your retail store, and it’s contents like stock, bike parts and other inventory from unexpected incidents like fire, flood, wind, and vandalism.
We have extensive experience with business interruption insurance as well. If your store suffers a loss such fire windstorm flood or sewer backup you may have to close your store for quite sometime until the repairs are completed. Business interruption will cover your loss of sales payroll and ongoing expenses during the downtime.
General Liability Insurance
Protect your bike shop from the day-to-day risks that can happen when someone is in your store. They may slip and fall, a bicycle may fall off a display and injure them, or, a customer purchases a defective bicycle causing them to fall off their bike and sustain bodily injury (also known as Product Liability Insurance).
Your commercial general liability insurance policy can also cover you if you are ever sued if, when you lend a bicycle out for a test ride, and someone using your property falls and injures themselves, or injures someone else.
Customer's Own Bicycles Insurance
Your bicycle repair shop is popular with your customers, but what if something were to happen to their property while it is in your care?
You’re responsible for the care of overseeing their property for a specific time period and the responsibility of safely guarding the property.
If your customer’s bike was stolen or damaged, you’d be covered.
Cyber Liability Insurance
If you have shifted a portion of your business to sell online through your E-commerce storefront, or if you have a point of sale system to store customer’s data like their name, telephone, email address, credit card, for example, it is your legal obligation to protect their data.
Our Cyber Liability Insurance protects you from financial penalties as a result of cyber hacks, threats, extortion and other security compromises involving your technology.
Crime Insurance
Protect your business with coverage that most liability or property insurance polices don’t. Our Crime Insurance for retail reflects dishonesty, disappearance and destruction that can have a negative impact on your bike store’s business.
Fraudulent acts committed by employees, loss of money and securities inside and outside your premises, counterfeit money and fraudulent orders are all examples of crime that could affect your bottom line.
Why Choose AI Insurance Organization?
A quick call is all we need to do a thorough needs review.
Secure reliable North American insurer A+ rated by AM Best.
Quick turn around on quotes, usually within 7 days.
Monthly payment plans are available.
Additional Insurance Coverage
For Bike Stores
Just like the high-performance bicycles sold in your shop, our bike shop insurance program was built with the best components to help you get the most out of your business.
These additional insurance coverages for bike stores go beyond the day-to-day activities and help to address additional services you may offer your customers.
Staging Events & Group Training
Many bike shops plan and host cycling-related events. Whether that is a charity ride, a licensed race, a learn to ride academy or even a triathlon.
Some bike shops put on these types of events without the proper liability insurance to protect them in the event of an accident.
Athlete Coaching
If you or a fellow employee has coaching expertise, you may take on an athlete and coach them to get ready to race.
You should consider our insurance for coaches program to protect against liability claims in the event your athlete is injured.
Additional Coverages Available
Staging Events
Sport Accident
Training Rides
Athlete Coaching
Personal Liability
Point-Of-Sale Insurance
Add-Ons
For Bike Stores
Your customers have done a lot of research, asked a lot of questions and have made the decision to invest in their bike. We offer your customers additional protection if their bike is stolen or damaged, or if they are injured while riding and racing.
These point of sale insurance products are geared for the demanding customers who know what they want and what to limit their risks.
Personal Liability
We offer personal liability insurance for your clients while riding their bikes.
Personal liability insurance is for when you accidentally run a stop sign or go through a crosswalk area, knocking over someone and injuring them.
You may also crash your bike into a car causing damage. If your auto insurance coverage doesnt, this umbrella coverage helps.
Bike Insurance
Your bike is an investment, and we offer stand-alone bicycle insurance for bicycles $2,000 and up that goes above and beyond typical home insurance.
You’ll need to take photos of your bike and itemize its components, but your bike could be protected from theft and accidental damage, often replacing your old bike with a new one.
And in the event you are unable to compete in a race, some policies will cover lost race fees.
Sport Accident
This point of sale addon insures against financial hardship due to a sports-related accident. In the event a cyclist is injured in an accident, or falls off their bike and requires extensive physiotherapy.
