Tuesday, 29 November 2011

Shock! The Association of British Insurers Wants More Insurance For Cyclists.

Not having a comprehensive insurance policy could prove costly, cyclists have been warned by the Association of British Insurers (ABI).

It is not compulsory for cyclists to have insurance. Cycle use in the UK has been increasing in recent years, up about 20% compared with the late 1990s.

With the number of accidents also rising, Malcolm Tarling, of the ABI, says there is now a strong case for all cyclists to have personal injury and third-party cover.
"If you are a cyclist and you are involved in an accident the chance of you being injured are quite high," he says.

He says cyclists often underestimate the risks they face when they are on the roads, in particular if they are in an accident where they are found to be at fault themselves.
"If you are a cyclist and you are involved in an accident and you are at fault for causing it you could be sued for damages, this could amount to hundreds or thousands of pounds." he says.

"If you are cyclist you should always have some form of liability insurance. It is essential."

However, the Motor Insurers' Bureau, funded by the insurance industry, provides compensation to victims of uninsured drivers, including cyclists.

Levenes cycling solicitor Kevin O'Sullivan of our London office had this to say, "It's worth remembering how few accidents cyclists actually cause, and therefore how good a risk most of them are for the insurance industry. Thankfully, it's not a legal requirement for cyclists to have insurance and this reflects the low risk they represent."

Head of our Birmingham branch, Tim Beasley added, "Insurance is a good thing for complete peace of mind but it should never be made compulsory as that's a barrier to cycling. Cyclists are much more likely to be the victim rather than the perpetrator of an incident and where you are the victim you can claim against the other party. The damage to the other party is likely to be minor dents and scratches."

If you've had an accident on the roads, insured or otherwise, contact Levenes Cycling Injury today and we can help.

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