All-risk coverage is a type of cargo insurance that protects goods against most physical loss or damage during transit unless a specific exclusion applies. Unlike named-perils coverage, which only covers listed risks, all-risk cargo insurance starts from the assumption that accidental external loss is covered unless the policy excludes it. Common exclusions may include poor packing, inherent vice, delay, ordinary leakage, intentional acts, or certain war and strike risks. It is often used for higher-value or sensitive shipments.
All-Risk Coverage is a cargo insurance policy that protects against physical loss or damage from any external cause unless specifically excluded. It is the broadest standard cargo insurance available.
Common Exclusions
- Inherent vice: deterioration from the goods’ own nature
- Delay
- War and strikes, which require a separate endorsement
- Inadequate packing by the shipper
All-risk coverage is recommended for high-value or fragile shipments and provides more protection than Named Perils policies.
For related logistics context, see glossary entries on Cargo Insurance, Inherent Vice, General Average, and War Risk Surcharge.
