Cycle insurer Bikmo announces new partnership to offer bike lease insurance 

Specialist cycle insurer Bikmo has announced a new partnership, to offer commercial fleet insurance to bike leasing customers. 

In a new partnership with e-bike subscription service Blike, Bikmo will offer an insurance product for customers renting bikes through Blike, including theft, accidental damage and vandalism cover, both at home and while on the move. 

Blike, a London-based bike subscription service, offers flexible rentals on a range of e-bikes, like Vanmoof and Cowboy, along with the option to buy the bike at the end of the subscription.

Bikmo CEO David George commented “We’ve seen a shift in the bike sector from ownership to leasing and subscriptions coming for years so it’s fantastic to be working alongside Blike as a leader in this space.

“It’s the next step in our mission to protect the world’s riders so we’re delighted to be protecting Blike customers and hopefully inspiring a new generation of riders to choose bike over car.”

With the the Blike package, like other Cycle-to-Work schemes, employees save money on a purchase by paying through salary sacrifice, but the package also includes the extra convenience of bike maintenance, flexibility to cancel or change bikes at any time, and now also insurance with Bikmo.

Bikmo said its Commercial Fleet solution makes it easy to put bikes on and off cover as they are leased and returned to base, and this comes with cost efficiencies over traditional commercial insurance options.

Tim Carrigan, co-founder and CEO of Blike, added “Working with Bikmo was the obvious choice from the outset as they share our vision of supporting as many riders as possible across the UK.  By protecting our fleet, Bikmo ensures that our riders feel confident and means we can keep them on the road and riding for longer.  Working with the team at Bikmo has been a pleasure as they tailored the product around our needs but also in a way that’s suitable for other fleet managers.”

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Bikmo is a specialist cycle and e-mobility insurer and BCorp company, currently insuring 75,000 riders in the UK and Europe. The brand is also partnered with the likes of British Cycling, Cyclescheme, and Brompton.