What is All Risk?

"All Risk" is a term used in shipping and insurance to refer to a type of coverage that provides protection against a wide range of risks and perils, with certain exceptions and exclusions. This type of coverage is typically broader and more comprehensive than other types of insurance policies, such as "Named Perils" or "Total Loss Only". An "All Risk" policy may cover loss or damage to cargo due to events such as theft, fire, collision, and weather-related incidents, among others. However, it is important to carefully review the terms and conditions of the policy to understand what is covered and what is excluded.