Overview of the Program from RPS NIPC
The Bicycle / Bike Insurance program provides commercial package solutions tailored to the specific exposures of the bicycle industry. Coverage can be arranged for dealers, manufacturers, importers/distributors, rental operations and tour operators. The program includes primary property and liability coverages and offers a range of supplemental extensions to address industry-specific needs.
Who We Cover
- Bike component and bicycle manufacturers
- Bicycle dealers, specialty shops and bicycle stores
- Distributors, importers and parts suppliers
- Bike rental operations and tour operators
- Bike parts stores and related retail suppliers
Ideal Accounts and Appetite
This program is a strong fit for accounts where the core operations are tied to bicycles or closely related products and services. Ideal risks include:
- Independent bicycle retailers and regional store chains
- Component and frame manufacturers with standard production and distribution
- Bike rental fleets (small to medium size) and guided tour operators
- Importers and distributors with handled product lines and documented quality control
Typically not a fit: accounts whose primary operations are outside the bicycle/sports industry, large-scale custom fabrication with unusual exposures, or accounts with prolific product-liability loss histories. Underwriters evaluate product complexity, repair/service operations, rental fleet controls and loss history when determining eligibility.
Coverage Highlights and Advantages
- Package form with property and liability lines suitable for retail, manufacturing and distribution
- Available extensions: valuable papers & records, money & securities, personal property off premises, and more
- Product/completed operations and fraud coverages tailored for bicycle/bike/ski/segway operations
- Underwriting by a specialist team with decades of experience in the bicycle industry
- Admitted paper through an A+ XV (ACE) carrier where available
Underwriting Notes and Minimum Premium
RPS NIPC’s underwriting team looks for well-documented operations, reasonable loss-control practices and clear product distribution channels. Typical submission requirements include a completed application, loss runs and descriptions of manufacturing or rental controls where applicable. Minimum premium for the program is $1,750.
Territories and Availability
This program is available in the following states: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY.
Why Work With RPS NIPC on Bicycle Business
- Specialist underwriting team with long-standing focus on the bicycle industry (since 1990).
- Program administrator experience placing retail, manufacturing and distribution accounts.
- Access to admitted A+ XV paper (ACE) and program-level coverages that address industry-specific exposures.
- Flexible supplemental coverages that let you tailor packages for dealers, rental operators and manufacturers.
For more information on RPS NIPC and our specialty programs, please visit our website.
Frequently Asked Questions
What types of accounts are a good fit for the RPS NIPC Bicycle / Bike Insurance program?
Good fits are bicycle dealers, specialty bike stores, component and bicycle manufacturers, importers/distributors, bike parts stores, rental operations and guided bike tour operators with standard operations and documented loss-control practices.
What are the basic submission requirements and the minimum premium?
Typical submissions include a completed application, current loss runs and details about manufacturing, rental controls or distribution channels. The program’s minimum premium is $1,750.
What special coverages or extensions are available?
The program offers special property extensions (valuable papers & records, money & securities, personal property off premises), product/completed operations coverage, and fraud protection tailored to bicycle/bike/ski/segway operations.
In which states is this program available and is it admitted paper?
The program is available in the states listed on this page (AL through WY and DC). Coverage is written as a package with admitted A+ XV paper (ACE) where offered.
Need help placing an account? Connect with a market specialist.