Current State of the Insurance Industry and How it Affects Bicycle Retailers

Originally recorded 6/20/24.

Discover the crucial impact of non-renewals and terminations on your insurance premiums. Join our webinar to uncover the financial ramifications and insights into the changing landscape of bicycle retail shop insurance. Explore the reasons behind the industry’s shift to a “hard market” and its significant influence on property insurance. Gain valuable knowledge on navigating the liability market amidst class-specific claims and the risks associated with insurance shopping. Don’t miss out on this timely opportunity to safeguard your business and optimize your insurance strategy.

Guest Expert: Scott Chapin, March & McLennan Agency- Specializing in bicycle industry insurance programs. Bike Shops, Product Liability for manufacturers/suppliers, professional trail building contractors, advocacy groups, and everything in between, Scott is an athlete who lives in the same hometown as the American Birkebeiner Ski Race. He started the Fat Bike Birke, as well as helped to launch a 55-mile fat bike trail system. He is a 12-year board member for the Birke and co-author of the Economic Impact of Trails/ Silent Sports. His current work is endorsed by NBDA, PBMA, Bike Cooperative, QBP, and others

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The NBDA has been here since 1946, representing and empowering specialty bicycle dealers in the United States through education, communications, research, advocacy, member discount programs, and promotional opportunities. As shops are facing never-before-seen circumstances, these resources offer a lifeline. Together, we will weather this. We at the NBDA will not waver in our commitment to serving our members even during this challenging time—but we need your support.

Now is the time to become a member as we join together to make one another stronger. Whether you’re a retailer or an industry partner, your membership in the NBDA is one of the best investments you’ll make this year. 

Learn more about the benefits of being a member and join now.