Glossary
All-Risk Clause
Tags: Glossary
A clause in a contract that provides coverage for all risks of loss or damage, except for excluded risks.
What is an All-Risk Clause?
The All-Risk Clause is a term used in shipping insurance to refer to a policy that provides coverage for all potential risks and damages to cargo during transport, except for those specifically excluded in the policy. This can include damage from accidents, theft, weather events, and other unforeseen circumstances.
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