British cycling insurer Raka has unveiled a brand new insurance policy designed to repair not only the financial costs of an accident, but also the psychological and physiological damage.

Dubbed "Recovery," the new policy starts at around £11 per month and covers cyclists worldwide. Underwritten by Zurich Insurance Group, it is tailored to help riders recover after an accident.

The exact monthly amount varies because Laka operates as a collective; the Laka website explains that monthly premiums are calculated and capped based on the collective's claims. When I requested a "health and recovery" quote online, Cycling News quoted me £11 per month (but no more than £15). Adding a £3,000 bike to this quote brought the monthly quote to £27, with a maximum limit of £40.

The insurance provides cyclists with psychological support and treatment, as well as a number of benefits to aid recovery and get them back in the saddle as soon as possible, which, according to Professor John Geddes of Oxford University's Department of Psychiatry, is "an important step in psychological recovery." He says.

Supporting medical expenses of up to £1,500, Raka provides riders with "the best specialists" and any medical attention they may need, including physiotherapy, dental care, and psychology. It also provides access to a virtual GP to speed up assessments.

In addition, "Chimp Management" psychological evaluations and advice from leading international performance coaches, Olympic champion Dani King and Team Ineos super-domestics, a British coaching company run by Luke's brother, Matt Lowe, Lowe & King sessions and training plans, access to Wattbike's SmartBike series, the option to have a home trainer delivered to your home to help with physical recovery, nutrition advice from Performance Chef writer Alan Murchison, and a "Rouleur" magazine subscription to Rouleur magazine, and more.

"As an insurance company for cyclists, our primary concern is to keep people off their bikes as little time as possible. Says Tobias Taupitz, CEO and co-founder of Laka. 'Whether your bike is stolen or you are injured and can no longer ride it, the impact is the same. That's why we created a recovery insurance product designed to limit the amount of time you can't get in the saddle and minimize the impact an injury can have on your clients' lives."

[14 [Phil Ost, Zurich's head of personal insurance, added, "Cycling will inevitably play a central role in restoring mobility after a lockdown, so it is important to help protect cyclists as well as bicycles."