Ask the Underwriter: I think I may have an issue. When do I need to report it to AIM?

"I think I may have an issue. When do I need to report it to AIM?"

We have covered this previously, but the point is very much worth reiterating. Lawyers professional liability insurance, including the AIM policy, is written on the claims-made and reported form. The claims-made and reported policy covers claims that arise and are reported during the policy period.

To avoid coverage issues, you must report the claim or incident as soon as possible, i.e., when the claim or incident arises, it needs to be reported under the current policy period. The AIM policy defines a claim as a demand received by an insured for money or services including service or notice of suit against the insured. The AIM policy defines incident as any circumstance, act, error, or omission which an insured could reasonably expect to be the basis of a claim. If, during the policy period, you become aware of an incident or you are served with a suit or claim, you must report it to AIM as soon as possible.

Claims and incidents can be reported to AIM by email at claims@attorneysinsurancemutual.com or in the myAIM portal. If you are not certain about the matter and whether it needs to be reported, err on the side of caution – give us a call and talk with one our claims staff.  Our number is 205-980-0009.

When in doubt, report, report, report!