Renting bicycles is a great way to make money. And even if you start out as a solo entrepreneur in a popular tourist area, you can easily grow your business into a large scale operation. Eventually you might rent bicycles in multiple cities across the country, in addition to renting them in various tourist destinations. But whether your business is still small or already growing, you need bicycle rental insurance just in case accidents happen.
There are many accidents that can cause your customers to be injured, or cause their property to be damaged. And if they hold your company responsible for the injuries or damages, they might sue you. When you have bicycle rental general liability insurance though, that's much less likely to happen. Because your insurance pays medical bills when someone gets hurt. It also pays for property repairs or replacements. If someone decides to sue you anyway, it will pay for your legal defense, and any settlements if they're ordered by the court.
Claim Example: What’s Covered?
A Business Owners Policy (BOP) for bicycle rentals wraps together general liability, property, and business interruption coverage in a single bundle—usually at a better price than separate policies. This means the property that your company owns is protected as well as the clients and visitors are. Your business property is more than just the bicycles you rent. It's the building you work from, the place you store inventory or tools, and even your office supplies and equipment. And if something happens that causes you to temporarily close down, you'll have that income replaced too.
Claim Example: What’s Covered?
This one’s non-negotiable if you have employees. Workers’ compensation for bicycle rental businesses covers medical expenses and lost wages if your staff gets hurt on the job—think repairing bikes, moving heavy inventory, or helping customers. In most states, you’re required to carry it.
Coverage: Medical bills, lost wages, rehabilitation, disability, and death costs caused by injuries that happened on the job.
Importance: It’s the law in most states, and it's crucial for keeping injury claims from bankrupting your business.
Claim Example: What’s Covered?
Don’t stop at the basics—bicycle rental insurance should include a few more coverage types to protect you from every angle:
How much does it cost?
Small shops might pay $399/year for basic liability, while larger operations with employees, e-bikes, and higher traffic can see $3,000+/year.
Does insurance cover stolen bikes?
Yes, with property or inland marine coverage—but make sure theft is included. Many insurers require bikes to be locked and secured.
What if I rent e-bikes or scooters too?
E-bikes may need extra or specialized coverage. Be sure to mention all vehicle types when quoting.
Are my employees covered for injuries?
Yes, if you carry workers’ compensation. It pays for job-related injuries, regardless of fault.
Is customer negligence covered?
General liability covers you if a customer is injured using your bike, even if it’s their mistake. Intentional misuse or illegal activity, though, isn’t usually covered.
Do I need insurance if I only rent during tourist season?
Yes, because risks don’t take a vacation. You may qualify for a policy with seasonal adjustments or a pay-as-you-go plan.
We know bicycle rental insurance inside and out—and we take pride in helping businesses like yours thrive. With USA Insurance, you’re not just buying a policy, you’re gaining a business partner.
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