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>Peddler Pop-Ups, rents out tricycles as pop-up shops. How does she afford the insurance on those things? I say this because those things are pretty tricky to
by lumberjack 11y ago
>Peddler Pop-Ups, rents out tricycles as pop-up shops.
How does she afford the insurance on those things? I say this because those things are pretty tricky to ride: you either have to go really slow or you need to ride with one hand on the handbrake at all times as the pedals will throw your feet off them if you try to slow down that way due to the momentum of the whole thing being much more than your typical bicycle. I bet lots of costumers would end up causing some cosmetic damage to cars and such, just getting used to riding them.
- SwellJoe 11y agoThe only trike I've ridden had a coaster brake. No feet being thrown off, at all, you just turn it backward a bit to stop. I'm sure insuring bicycles or tricycles is much cheaper than insuring automobiles (and actually not required, by law, as it is with autos). I would think the rider would be responsible for damages, and not the owner of the vehicle, but that's just a guess. Regardless, somehow bicycle rental businesses manage to exist in every major city. So, it must be possible to insure them. I would think the personal injury risk to her customers would be the bigger insurance concern, but if I were doing it, I'd require customers to sign a very strongly worded waiver of liability for injury.
- draker 11y agoI believe she would have more risk than a typical bicycle rental business because she has to assume the liability for both the rental business and the product. If the bicycles I use for my business have defective brakes and are recalled by the manufacturer, my rental customers are at risk but some of that liability is shouldered by the manufacturer. If bikes I manufacture have defective brakes, I have to assume that liability and could be found at greater fault because I have the ability to test and recall the product.