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Last updated: 04 July 2022
Across Britain’s cities, you’ll increasingly see takeaways and parcels being delivered by a fleet of bikes.
Cycle couriers, many of them self-employed and working for gig economy platforms, invest in their bicycles and are reliant on the income they earn making deliveries for companies such as EVRI and Amazon.
But bicycles are frequently stolen, and accidents and injuries happen. Bike courier insurance policies address these hazards, covering bicycles and riders making deliveries against theft, damage, injury, and even lost earnings and legal expenses. Some policies will also cover e-bikes and their batteries, which are even more expensive to repair and replace.
Many people who cycle for fun or to commute to work have insurance policies to cover their bicycles. Some home contents insurance policies also cover bicycles while they’re within the home.
But these policies generally won’t cover your bike if you’re making deliveries for payment. That’s because working as a cycle courier poses more risks than recreational cycling. You’ll be on the road longer, covering more ground, in all weather, and often cycling on a tight schedule - all of which makes accidents more likely.
Therefore, a bike insurance policy that doesn’t specifically cover deliveries may not pay out if you have an accident whilst working. That means you may end up paying to repair your bicycle yourself and, in extreme cases, to cover injury or damage you accidentally caused to someone else and their property.
Bike courier insurance policies vary in their coverage, so you’ll want to closely read the terms and conditions of any policy before you purchase it.
Most policies include some of the following protections, either as standard or as optional add-ons:
The premiums for courier bike insurance vary, depending on the type of cover you choose. Insurers will also consider your particular circumstances:
You can purchase basic bike courier insurance for a relatively cheap bike for under £10 per month. But premiums can climb to over £30 per month if your bicycle costs thousands of pounds and you want additional protection as part of your policy.
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