All Risk Insurance
An insurance policy that covers loss or damage to goods during transportation.
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Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.
What is All Risk Insurance?
All Risk Insurance is a type of marine cargo insurance that provides coverage for loss or damage to goods during transportation by sea. This insurance policy typically covers all risks of loss or damage to the cargo, except for those specifically excluded in the policy.
All Risk Insurance offers more comprehensive coverage than other types of marine cargo insurance, such as Free of Particular Average (FPA) insurance, which only covers losses resulting from specific perils, such as fire, theft, or sinking.
Related Glossary terms
→ Free of Particular Average (FPA)
→ Marine Insurance
→ Ocean freight
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