What happens if the bike gets stolen or damaged in an accident?
If the bike can no longer be used then you have effectively left the scheme and all outstanding monies must be paid from net salary. It is very important to insure the bike and any goods fitted to it, to safeguard against the losses following theft or damage. It is your responsibility to take out this insurance and you should advise your insurance company that the Trust has an interest in the goods to be insured. Further Information If you have any questions about the cycle scheme, please contact: www.cyclescheme.co.uk or the Payroll Department.
