The government has passed a new bill requiring insurance to be purchased for all bicycles used on public roadways and property in Ontario. It has fallen to your team to design the marketing plan and insurance product to fulfill the requirements.

a. Start by identifying the different classes of bicycles you will need to insure, including a possible list of equipment that can be insured with the use of a rider to the policy.
b. Identify at least three (3) liability and three (3) property damage exposures that you think need to be addressed
in your product.

c. Identify five (5) perils associated with insuring bicycles.

d. Make a list of at least five (5) physical and moral hazards associated with the risks or perils you have identified.