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Can other people ride my bicycle?

Certainly! Your bicycle is insured for the use by your family members and colleagues. It's up to you whether you want to share your bicycle with them.  😊
Of course, the idea is that you cycle enough with it yourself. Usually, this means that you cycle to work 20% of the time (on an annual basis) so that the Benefit in kind exemption is justified. Your company's cycling policy states the exact target figure.