Ontarget The Activities Industry Mutual Newsletter
October 2007
Cover as close to cost... It is recognised in the more forward thinking insurance circles that modern mutuals can provide industry specific groups with stable cover closer to cost than any traditional commercial insurance product. AIM is unique in the Activities Sector in that it
fully protects the Mutual’s assets against
provides a comprehensive package of cover to
the consequences of any adverse claims
its members including:
circumstances. As AIM’s assets grow, so will
• Employers’ Liability
its risk retention be prudently increased for the
• Public and Products Liability
further benefit of its members.
• Professional Indemnity
Unlike other insurance products, with
• Property and Business Interruption
AIM there is complete alignment (as opposed
AIM is a ‘not for profit’ company limited
to a conflict) of interests with the member.
by guarantee, owned and controlled by its
It is run for its members, who, through the
membership, which includes charitable
elected board, own and control the Mutual and
and commercial operations right across the
any profits it makes. AIM’s assets are fully
outdoors spectrum. AIM’s membership elects
protected by its excess insurance arrangement,
the Board, which appoints the Managers,
which includes a profit share agreement in
charged with providing the Mutual with all
favour of the Mutual.
the services of an insurance company. No
AIM’s management team has a proven
undisclosed commissions are paid by the
track record and an unparalleled reputation
Mutual and any surplus (profit) belongs to and
for innovation and success in the development
is returned to its members.
and management of mutuals in the UK and
AIM retains risk for the lower level claims, which it provides discretionary indemnity for in accordance with the Cover Wording. Above
Australia. This all adds up to an unbeatable insurance product for the Activities Industry. For further
this there is a comprehensive Excess Insurance
information please contact us, or better still,
Policy placed with leading global insurer Mitsui
speak to an AIM member.
Sumitomo to protect each member against large claims and attritional losses, which