Specialist bicycle insurer, Yellow Jersey, has added cover for bike couriers to its Ultimate Bicycle Insurance Policy.
Yellow Jersey launched liability insurance cover for courier cyclists in 2018, should they cause damage to a third party while working, and has now boosted this cover.
Traditionally, specialist bicycle insurance policies have excluded cover for bike couriers, making it difficult for them to find insurance for theft or damage to their bike while working.
Couriers who choose an Ultimate Bicycle Insurance policy would be able to insure all bikes in their household on the same policy in order to take advantage of Yellow Jersey’s 60% multi bike discount.
“Bicycle couriers have been an invaluable part of the supply chain in urban areas and beyond for years and will become ever more so as the UK strives to achieve a carbon neutral transport system,” said Tom McMorrin, Head of Product Development at Yellow Jersey. “However, bicycle couriers who are self-employed have often struggled to get appropriate insurance, especially for their bicycle while they are working. We’ve been working hard at Yellow Jersey to be able to ensure that bicycle couriers can get access to appropriate cover.”
Couriers will need two separate policies; Ultimate Bicycle Insurance to provide theft and accidental damage cover for all bikes, and Yellow Jersey’s specialist bike courier liability policy to cover third party liability while working as a courier.
McMorrin continued: “Without a bike, a bicycle courier can’t work and now that can work with complete peace of mind that is something happened to their bike, we can get them back up and riding again.”
To reflect restrictions around travel as a result of Covid-19, Yellow Jersey has upgraded the bicycle value limits on its Essentials Bicycle Insurance policy to match the Ultimate Bicycle Insurance policy. While Government restrictions are in place, all customers can now insure individual bikes worth up to £15,000 per bicycle and a fleet up to £50,000 on the Essential policy, allowing people to purchase insurance for what they are currently able to do.