Hiscox teams with broker on cycle product
Butterworth Spengler works with insurer to develop cycle insurance product.
Hiscox has partnered with independent broker Butterworth Spengler and Bikmo, the team behind a search and price comparison site for bikes and cycle equipment on a new cycle insurance product.
The insurer said that the Bikmo Plus product is designed to simplify the insurance process for cycling enthusiasts looking for cover on bikes worth up to £20,000. It consists of a three-step buying process and has the option of paying either upfront for annual cover or via a 0% interest-free monthly payment
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