Bicycle theft could rocket over Christmas

The Business Crime Index published this week predicts that regions hit hardest by the recession will see more people turning to crime over Christmas.

The reports warns that businesses, including bicycle retailers, may be seen as highly attractive to thieves during this time due to increased levels of stock and cash being kept on premises.

Doug Barnett, head of customer risk management at AXA, said: "Crime against business is a serious issue and this year we are concerned that the continuing recession could prompt a rise around the Christmas period.

"We would urge all businesses to work with local communities and police to protect themselves as well as taking sensible precautions, not least making sure they are properly insured should the worst happen."

Regions highlighted as most at risk from increased theft levels include Halifax, Bristol, Manchester and London.

Insuring a bicycle

Bikes are particularly vulnerable to theft – it’s the reason that an estimated 500,000 bikes are stolen each year in Britain. Furthermore, in the case of an accident cyclists may need to seek compensation or even deal with a claim by someone else. Cycle insurance from the ETA is fully comprehensive.

At no extra cost, it includes new-for-old replacement, cover for accidental damage, third party insurance, personal accident cover and if you breakdown, a van comes out to recover you and your bike.

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