When the National lockdown was announced in March 2020 it affected every AIM Member. Despite the schemes announced by Government like the Coronavirus Job Retention Scheme and the more recent Job Support Scheme, without being allowed to open or open fully, there have been some very difficult decisions to make and some Members have still not been able to reopen even partially.
To provide as much assistance and support as possible, AIM adjusted Members’ covers to reflect the reduced risks, covering just the essentials, and in turn provided refunds or amended monthly direct debits to ensure more money remained in your businesses. AIM also offered a 3 month payment holiday to any Members who paid monthly to assist with cash flow problems.
The AIM team have been working at home, answering your questions and concerns as quickly and as best they can, as well as juggling their own personal lives with home schooling and reduced childcare facilities. With over 750 members and a small but dedicated team this was not an easy undertaking. We have been reviewing risk assessments and helping you navigate the maze of Government guidance as restrictions were eased and local lockdowns imposed. All of the team have been grateful for your understanding and support in these unprecedented times. With news about the vaccine roll out and a New Year upon us we know many of you will be looking to the future and planning for the restart of the outdoor industry and your businesses. We hope that the Mutual continues to feature in your plans as your choice for liability cover.
As to the future and what 2021 will bring, we know there is still uncertainty about when the sector will be back up to running fully again. With staff on furlough and very few or no activities being run, the likelihood of claims is significantly reduced, but you should still check your property (equipment and buildings) regularly to ensure that there are no issues and that they remain secure.
Unfortunately we cannot provide another payment holiday as we did in the initial lockdown when the period of closure was uncertain. However, we do understand the financial difficulties and anxiety the ongoing pandemic is causing and have already helped hundreds of Members with their renewals by talking through their requirements and providing reduced cover where possible. As you come around to your renewal AIM will work with you to provide as much flexibility as possible to ensure you aren’t paying for cover you don’t need presently, with the opportunity to scale it up when you do.
This is your Mutual and we want to work with you to ensure we are keeping you informed and reacting to your needs and requirements.