Why do I need bike track insurance?
If you own or operate a cycle track, bike park or course, you need bike track insurance to protect you should a visitor, volunteer or employee claim for injury or damage. You might also want to insure the track, facilities, bikes and equipment against damage and theft. You might want to cover other risks, including management liability, cyber risks, and vehicles.
Here are some key reasons why bike track insurance might be necessary:
Protection against accidents and injuries
One of the most important reasons for having bike track insurance is that it can provide financial protection in an accident or injury. This is particularly important for tracks that host high-speed events, as even a small mistake can result in serious injuries. Bike track insurance can help cover medical expenses and any legal fees or damages that may be awarded due to a lawsuit.
Protection against property damage
Cycle tracks often have expensive equipment. If this equipment is damaged or destroyed, replacing it can be costly. Bike track insurance can help to cover the cost of repairs or replacements, which can help to minimise the financial impact of an accident or incident.
Liability Protection
This is particularly important for tracks that host events open to the public, as there is always the risk that someone may be injured or suffer property damage while at the track. Bike track insurance can help to cover the cost of legal fees and damages that may be awarded as a result of a lawsuit, which can help to protect against financial ruin.
Protection against other risks
In addition to the above reasons, bike or cycle track insurance can protect against other risks, such as natural disasters, theft, and vandalism. This can help minimise the financial impact of these events, which can be particularly important for tracks in areas prone to severe weather or other hazards.
Peace of mind
By having bike track insurance, track operators and event organisers can have peace of mind knowing that they are protected against potential financial losses and can focus on the operation and organisation of the track.
How much does track insurance cost?
The cost of track insurance will vary depending on several factors, including the size and scope of your operation, the types of events you host, and the level of risk involved. Some key factors that will influence the cost of your bike track insurance policy include:
- Visitor and employee numbers: The number of visitors and employees at your track will be one of the key factors determining the cost of your insurance. The more people present at your track, the higher the risk of an accident or injury will increase your insurance cost.
- The size of your operation: The larger your cycle track, the more coverage you will need, and the higher the cost of your insurance will be. For example, a large track with multiple circuits and many visitors will require more coverage than a smaller track with only one circuit and fewer visitors.
- The level of risk: The level of risk involved in your operation will also be a key factor in determining the cost of your insurance. Tracks located in areas prone to hazards, thefts or vandalism will typically be more expensive to insure than tracks located in safer areas.
- Your insurance history: Your insurance history also plays a role in determining the cost of your insurance. Insurance companies look at your past claims and accidents, if any, to gauge the level of risk you pose and will adjust the premium accordingly.
What kinds of tracks need insurance?
We can provide cover for off-road trails, velodromes, pump tracks, downhill courses, bike parks, and more, whether you cater to road bikes, gravel, mountain bikes, BMX, or a combination. We can also cover you if you provide cycle hire, coaching and uplift services, and additional facilities like shops and cafes. We can also provide sports travel insurance.
Insurance for races & events
If you are holding bike races or cycling events, we can assist you with a wide range of options, even covering things like extreme weather. We are happy to cover everything from kids’ events and sports to enduro and ultras.
Vehicle Insurance for Uplifts
If you provide an uplift or drop-off service, normal motor insurance might not be adequate; talk to us about the specialist cover you may need.
Bike Hire and Rental Insurance
We can help cover your liabilities and equipment if you rent or hire our bikes.
Bike repairs & maintenance insurance
Additional risks can be associated with cycle maintenance; talk to us about getting a quote.
If you need a quote for your cycle track or you provide bike facilities, services or coaching, call us on 01905 612336 or email us here.
What insurance do I need to consider?
Every club, organisation, and race is unique, so no ‘one size fits all’ insurance plan or solution exists. Aside from bike track insurance, there are some other recommended insurance options for your club, such as:
Public Liability
Personal Accident
Cyber Insurance
Legal Expenses
Kit & equipment
Employers Liability
Event Cancellation
Sports travel insurance
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