What are the specific classes of cover offered to AIM members?
A brief summary of the cover offered is noted below. You should refer to the Cover Wording and your cover schedules for full details of the cover and its extensions, limits and exclusions.
The Mutual provides cover for accidental loss destruction or damage to your buildings, contents, stock, computers and electronic equipment.
- Interruption to your usual business activities through loss or damage caused by an event covered under your Material Damage cover. This includes Loss of Rental Income – if you rent out any of your property to third parties, for example as office space. If you are no longer able to rent the areas out due to the damage, you can claim for the loss of rent.
- Additional increased cost of working should you incur expenses to re-start activities after a covered material damage loss has occurred, for example office relocation after a fire.
- Loss of profit or turnover due to damage at your premises, for example a fire or flood.
All Risks cover for your Activity Equipment
The Mutual can provide cover for your equipment whilst at your premises and whilst in transit. This is on an “all risks” basis and includes accidental damage.
Money and Assault
This provides for loss of money by theft following forcible and violent entry or assault. Cover is also provided for injury from assault following robbery when carrying money to and from the bank.
Deterioration of Stock
If your refrigeration equipment fails then the Mutual will cover you for the damage or loss of stock incurred.
Goods in Transit
If you need to transport any of the items listed under your Material Damage section of cover, the Mutual will cover you for these items whilst in transit.
Loss of Licence
If you hold a licence to sell or supply alcohol and it is revoked or refused then the Mutual will help you to appeal against this decision. Additionally the Mutual will cover you for any depreciation in the value of your interest in the business due to the loss of your alcohol licence.
The Mutual provides cover against loss, damage or destruction of your vessels and watercraft equipment. This cover is on an all risks basis.