Bicycle Stores--Sales and Servicing

What Does GL Code 10150 Cover?

ISO GL class code 10150 specifically covers businesses engaged in the retail sale and servicing of bicycles, including electric bikes, parts, and accessories. This code encompasses operations ranging from new bicycle sales to repair services, custom builds, and sometimes even rental activities. It classifies the general liability exposures associated with customer interactions, product liability, and premises liability within these specialized retail environments.

Who Uses This Class Code?

This code applies to a variety of businesses including independent bicycle shops, electric bike retailers, bicycle repair and maintenance services, and specialty stores selling cycling apparel and gear. It also covers establishments that offer bicycle fitting services, custom bike building, and seasonal bicycle rental operations.

Common GL Claims for This Class

Common general liability claims for bicycle stores include slip-and-fall incidents by customers on the premises, injuries sustained from faulty bicycle repairs or defective products sold, and property damage caused during test rides or demonstrations.

Coverage Tips for Code 10150

• Ensure your general liability policy includes product liability coverage for both new and serviced bicycles, as defects or faulty repairs can lead to significant claims.
• Review your policy for coverage related to bicycle rental operations; many standard GL policies exclude or limit coverage for rented equipment.
• Maintain accurate records of all sales and service activities, especially for high-value items, to ensure proper classification and avoid audit discrepancies.
• Consider additional coverage for off-premises events like bike races or community rides if your business participates, as standard premises liability may not extend.