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US insurtech firm Oyster has shaped an alliance with Electrical Bike Firm to supply specialised insurance coverage protection for electrical bike clients on the level of buy.
This collaboration is designed to supply bespoke insurance coverage options and goals to reinforce the shopper expertise by making certain the protection and safety of riders.
As the recognition of electrical bikes grows, the necessity for devoted insurance coverage protection turns into more and more vital.
With the alliance, Electrical Bike Firm clients can now entry complete insurance coverage that features theft safety, crash injury and legal responsibility protection.
Oyster’s built-in suite of insurance coverage services is utilised by retailers to supply insurance coverage on the level of sale, handle enterprise insurance coverage and enhance operational effectivity with software program toolings.
Oyster CEO Vic Yeh mentioned: “Electrical Bike Firm is well-known for his or her progressive model and customisable fashions within the micromobility trade, and we’re thrilled to accomplice with them to raise their model expertise with embedded insurance coverage.”
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Electrical Bike Firm gross sales and customer support director Blake Garcia mentioned: “We’re excited to be partnering with Oyster to offer our clients ‘Peace of Thoughts’ when using their bikes and ensuring that if something occurs to them or their bike, that they’ve full protection to assist them.”
Final month, Oyster established a partnership with Velotric, one other electrical bike firm, to supply insurance coverage on the level of buy.
In February, Oyster launched its enterprise insurance coverage resolution, which consolidates numerous varieties of protection right into a single platform for companies.
The obtainable protection consists of enterprise house owners insurance coverage, common legal responsibility insurance coverage, employees’ compensation insurance coverage, umbrella insurance coverage for additional safety and specialised protection tailor-made to distinctive consumer operations.
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