BikeBiz Bicycle and cycling retail news
Specialist cycle insurance provider Bikmo has announced a new three-year partnership with the Association of Cycle Traders (ACT).
The collaboration marks a major milestone for Bikmo, which since launching its commercial insurance services in 2021 has insured hundreds of cycling businesses from independent retailers to a global food delivery company.
The team has focussed on developing specialist products with insurers that understand the cycling sector.
Through this partnership, Bikmo will extend its commercial insurance services to 4,000 businesses represented by the ACT including retailers, manufacturers and suppliers, hire centres and bike workshops.
From this week, ACT Gold member retailers will benefit from a 10% additional discount on their business insurance, and 5% for Silver members.
This is in addition to various discount rewards available for retailers that can demonstrate they are taking steps to manage their business risks effectively.
The ACT, with over 100 years experience of in supporting independent businesses see this collaboration as an opportunity to further enhance the quality and value of the services available to its members at a time when the sector needs it most.
Rob Grisdale, Global Head of Partnerships at Bikmo said: “We are very excited to be working with the ACT to support their members with specialist insurance advice and cover.
“Insurance should be a reliable lifeline when the unexpected happens, but in recent years businesses have been struggling to find cover without gaps or impracticable terms.
“We feel a strong sense of duty to step up and make insurance work for, and not against, our industry cohort. The ACT, together with our trusted insurers, are perfect partners for this mission.”
Jonathan Harrison, Director at the ACT commented: “We’re thrilled to collaborate with Bikmo. The partnership represents a significant step forward in our mission to support and strengthen the cycling industry.
“By offering our members access to specialist insurance services that understand the unique challenges of our sector, we’re ensuring that they are better equipped to thrive.”
