US insurtech firm Oyster has fashioned an alliance with Electrical Bike Firm to offer 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 security and safety of riders.
As the recognition of electrical bikes grows, the necessity for devoted insurance coverage protection turns into more and more necessary.
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 and products 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 stated: “Electrical Bike Firm is well-known for his or her revolutionary 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 stated: “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 offer insurance coverage on the level of buy.
In February, Oyster launched its enterprise insurance coverage answer, which consolidates varied sorts of protection right into a single platform for companies.
The obtainable protection contains enterprise house owners insurance coverage, basic legal responsibility insurance coverage, employees’ compensation insurance coverage, umbrella insurance coverage for additional safety and specialised protection tailor-made to distinctive consumer operations.
