Ontarget The Activities Industry Mutual Newsletter
September 2006
Mutuals Mean Savings As well as helping our members to make substantial savings in insurance costs, the establishment of the Activities Industry Mutual (AIM) is already producing significant benefits for the outdoor sector. What benefits, you ask? Activities centres are opting for the Activities
members’ needs (because it is owned by its
Industry Mutual scheme due to its ability
members) sounds good to you, feel free to
to focus solely on the needs of the outdoor
contact one of the team at AIM.
education and activities community and to provide them with greater control over all aspects of protection. By tailoring AIM’s cover to meet specific needs, the cost to members will be kept as close to cost price as possible. The project has been designed to start as a scheme, with AIM’s insurance partner initially issuing policies direct to members. When the premium level is sufficient to allow the mutual to commence accepting risk in its own right, forecast to be achieved at the end of this year, policy holders will be invited to exercise their option to transfer into and become members of AIM. One of the best parts about AIM is that it will be member-owned, which means any surpluses belong to and will be used for the benefit of you – the member. AIM is also structured in such a way that there is no chance of the company’s assets being exhausted in the event of an adverse claims experience, due to the arrangements in place with an insurance partner of excellent financial strength. So, if the idea of stable, low cost cover, through a mutual that understands its