Every industry has its liability concerns and the bicycle industry is no exception. Manufacturers of bikes, as well as bicycle dealers need insurance that is tailored to their specific commercial property and liability exposures.

Bicycle Manufacturer Insurance Coverage

There are two major reasons why US bicycle companies need specialized manufacturers insurance:

• Standard insurance policies do not address the substantial liability risks for the bicycle and associated parts manufacturers
• Wholesalers and retailers that import bikes straight from out-of-the-country manufacturers may also be classified by the insurance industry as manufacturers

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Bicycle Dealers Insurance Coverage

The key property insurance coverage that a dealer needs encompasses the following:

• Direct damage
• Theft
• Business income
• Extra expense
• Transit and auto (if delivery is part of the business)

In addition, the following forms of insurance protection may also be necessary depending on the type of operation:

• Bike rental
• Bike service
• Bike repair
• Products coverage (if the dealer imports bikes straight from foreign countries)

An experienced independent insurance agency will be able to customize an appropriate insurance program for any of the above based on individual needs.

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Summary: Bicycle manufacturers and dealers have unique exposures to liability. Specialized insurance addresses their needs.