Bike Shop Insurance Coverage

Q: What Does Bicycle Shop Insurance Cover?

Bike shop insurance includes various coverages to protect against risks like bodily injury and property damage. For example, general liability insurance can help if a customer trips in your store.

Q: How Much Does Bike Shop Insurance Cost?

Costs vary, but on average, The Hartford’s small business customers in this industry pay $3,682 a year for a BOP, $1,297 a year for standalone general liability insurance and $1,050 a year for workers’ compensation insurance.

Q: Why Is Cycle Shop Insurance Important?

It helps cover legal fees, repair expenses and damages from customer injuries or employee claims, preventing significant financial tolls on your business.

Why Do You Need Bike Shop Insurance?

Owning a bike shop means you face risks that are unique to the retail industry, like theft, property damage or customer injury. With bicycle shop insurance, you can help protect your business. Bike shop insurance is made up of different types of business insurance coverages. It can give you peace of mind by helping protect against different risks. Common coverages include:

small business protected by cycle shop insurance

Who May Need Cycle Shop Insurance?

Our coverage solutions can help protect:

Bicycle retail shops
Bike repair and maintenance shops
Custom bike builders
Bicycle rental companies
Electric bike (e-bike) retailers and repairers
Cycling accessories and gear stores
Mobile bike repair services
Outdoor recreation retailers with bike departments

What Type of Insurance Do I Need for My Bike Shop?

Most bike shop owners start with a Business Owner’s Policy (BOP) as the foundation of their insurance plan for the peace of mind it provides. It combines three types of coverage to help protect your business from claims of bodily injury or property damage.

A BOP includes:

General liability insurance to help protect your bike shop from claims that it caused bodily injury or property damage to others.
Commercial property insurance to help protect your owned or rented building, as well as tools, equipment, inventory and supplies that you use to operate your shop. This can include:
- Bike racks
- Spare parts
- Lubricants
- Cleaners
- Workbenches
- Air compressors
Business income insurance to help replace lost income if you can’t operate your shop because of damaged property caused by fire, theft or wind.

It’s important to remember that a BOP doesn’t cover every claim, so you may need to get other types of coverage to increase your protection. This can include:

Workers’ compensation insurance
Commercial auto insurance
Data breach insurance

How Much Does Bike Shop Insurance Cost?

Bike shop insurance costs vary. On average, The Hartford’s small business customers in this industry pay:**

BOP: $1,687 a year, or about $141 a month
Standalone general liability insurance: $810 a year, or about $68 a month
Workers’ compensation insurance: $1,032 a year, or about $86 a month

It’s important to remember that the cost of your bike shop insurance may be different than the average. That’s because every business owner has unique needs, and insurers can use several factors to determine rates. The best way to find out how much you’ll pay for insurance is to get a quote.

business owner protected by bicycle shop insurance

Proof of Insurance on Your Time

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Covering Your Operations

You’re there to help your customers find a bike that fits them and repair bikes that need to be fixed. But what would happen if something disrupted your regular operations? The right type of cycle shop insurance can help you better prepare for various claims.

43% of small businesses impacted by a disaster never reopen. Another 29% go out of business within two years of the disaster.²

Employment Practices Liability Insurance for bike shops

Employment Practices Liability Insurance (EPLI)

“A former employee filed a lawsuit against us, claiming they were let go due to age discrimination.”

Employment practices liability insurance (EPLI), which is included in a BOP, helps protect your business from employment-related claims, like wrongful termination, discrimination and harassment. The Hartford’s coverage can also help cover third-party claims.

General Liability Insurance

“We had a customer take our new road bike for a test spin. He slid and fell off the bike because the handlebars weren’t installed properly, breaking his collarbone.”

General liability insurance helps cover claims that your business caused bodily injury or property damage to someone else.

Taking Care of Your Team

Your team is the heart of your bike shop. Whether they're repairing gear, working with customers or managing inventory, your employees are essential to your success. With coverage designed to support them in case of injuries on the job or workplace disputes, you’re supporting the people who keep your business rolling.

Nearly 3 million people sustained workplace injuries at private businesses in 2022.³

Workers’ Compensation Insurance

“One of our mechanics hurt his back lifting a heavy bike onto the repair stand. He needed medical care and time off to recover.”

Workers’ compensation insurance gives your team benefits to help them recover from work-related injuries or illnesses. It can help cover their medical bills and replace lost wages. With The Hartford, your employees also have access to a network of over 1 million providers and 65,000 pharmacies.

Commercial Auto Insurance

“While picking up supplies for our shop, someone hit our van at an intersection. Thankfully, the driver was fine, but the van and the other vehicle had to be towed away.”

Commercial auto insurance can help cover property damage and bodily injury claims if an employee gets into an accident while driving a business-owned vehicle for work.

Protecting Your Property

Bicycle shop property insurance can help ensure that your inventory and your equipment is covered against theft, damage or accidents.

Outages and downtime cause businesses over $400 billion in revenue each year.⁴

Business Income Insurance

“When a major storm hit, our bike shop took quite a blow. The wind damaged our roof and tree limbs broke our windows. We were closed for weeks to handle the repairs, losing out on all the sales and repair revenue we rely on.”

Business income insurance can help you continue paying ongoing expenses like rent, payroll and utilities when your business is unable to operate due to a covered property loss.

Commercial Property Insurance

“After a night of high winds, we came in to find that a huge tree had crashed through our roof and damaged our bike racks and bicycle stock.”

Commercial property insurance helps protect your business' equipment, furniture and inventory from loss or damage caused by events like storms, fires or vandalism.

Bicycle Shop Insurance That Keeps You Moving

With more than 200 years of insurance experience, The Hartford understands the risks bike shops like yours face. That’s why we designed business insurance solutions for bike shops to help you get the coverages your store deserves.

Find out more about other retail professions we insure:

Frequently Asked Questions About Bike Shop Insurance

What Does Bicycle Shop Insurance Cover?

Bike shop insurance is made up of different types of coverages. It helps protect you from risks unique to the cycling industry, including claims of bodily injury and property damage. For example, a general liability insurance policy can help protect your business if a customer trips in your store and hurts themselves. You can also get other types of coverage to extend protection to your fleet of delivery vans, inventory, specialized repair tools and even rental equipment.

Why Is Cycle Shop Insurance Important?

Cycle shop insurance helps cover costly legal fees, repair expenses and potential damages that could arise from customer injuries or employee claims. Without this protection, a legal claim or major equipment loss could take a significant financial toll on your business. It’s also important to comply with state laws. In some states, it’s required to carry certain business insurance coverages.

How Do I Get Bike Shop Insurance?

The best way to get bike shop insurance from The Hartford is to get a quote online. In just a few minutes, you’ll receive coverage options that align with the specific requirements of your cycle shop.

small business owner is happy after getting a bike shop insurance quote from The Hartford

Get a Business Insurance Quote for Your Bike Shop

Get the protection your shop needs to ride confidently into the future.

Quote Today

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Last Updated: April 8, 2025

** Costs, premiums, and coverages mentioned are estimates and are not guaranteed. Actual cost, premium, and coverage are determined at the time of quote or issue and are specific to an individual risk. Premiums are based on information provided to The Hartford, including, but not limited to, underwriting and rating criteria. All examples included on this website or in an advertisement are intended for informational purposes only and are not an offer or a guarantee of premium or coverage. Coverage and products described are subject to the terms and conditions found in the policy contract. Any educational information provided about available coverages does not modify the policy language or imply that any claim is covered. Products are not available in all states or for all businesses.

² FEMA, “Introduction to Continuity of Operations”

³ U.S. Bureau of Labor Statistics, “Injuries, Illnesses and Fatalities”

⁴ Oxford Economics, “The Hidden Cost of Downtime: The $400B Problem Facing the Global 2000”

This page outlines in general terms the coverages that may be afforded under a policy from The Hartford. All policies must be examined carefully to determine suitability for your needs and to identify any exclusions, limitations or any other terms and conditions that may specifically affect coverage. In the event of a conflict, the terms and conditions of the policy prevail.

All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Insurance Group, Inc. In Arizona, California, New Hampshire, Texas, and Washington by Hartford Fire Insurance Company, Hartford Casualty Insurance Company, Hartford Accident & Indemnity Company, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Pacific Insurance Company, Limited, Sentinel Insurance Company, LTD (CA license #8701), Hartford Lloyd's Insurance Company, Hartford Insurance Company of Illinois, Hartford Insurance Company of the Midwest, Trumbull Insurance Company, Hartford Insurance Company of the Southeast, and Property & Casualty Insurance Company of Hartford and its property and casualty insurance company affiliates, One Hartford Plaza, Hartford, CT 06155.

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