Some 230 cyclists a month are killed or seriously injured on the roads so there is a good chance you are going to be off work for weeks, if not months, so some sort of insurance to cover you for loss of income makes senseThe statistic is accurate - according to the Department of Transport 111 cyclists were killed in Great Britain in 2010 and 2,660 seriously injured in accidents reported to the police, which combined comes to just over 230 a month. And it's not surprising that British Insurers are in favour of Britons buying insurance.
But why focus on cyclists in particular? The DoT statistics for pedestrians are 405 deaths and 5,200 serious injuries - twice as many serious injuries and nearly four times as many deaths (I wonder why the ratio of deaths to serious injuries should be so different). A plausible estimate is that 27% of the adult population are cyclists, and I'm confident that less than 100% of the adult population are pedestrians, so the risks seem not to be very different.
The ABI spokesman goes on to say that third-party liability insurance is essential. Well, whether on a bicycle or not all of us are at risk of somehow causing someone an injury. Few of us sue one another on account of it - I suspect that legal actions such as this one would be much rarer if personal liability insurance did not exist, partly because most of us don't have enough money to make bringing the action worth the lawyers' while - Jack of Kent has some interesting thoughts on the subject. If you're not rich enough to be worth suing for your own money, you might think it your civic duty to carry liability insurance, but that should not be for cycling only.
It seems to me that there's something unnecessarily discouraging about attitudes to cycling in Britain. I'm reminded of the debate about wearing cycling helmets. Helmets provide some protection, and I often wear one when cycling, but they would protect pedestrians and car passengers too: no one tuts at people walking down the street without a helmet on their head.