All-Risk Coverage (Insurance)

All-Risk Coverage is a type of insurance that covers any and all losses or damages to freight, cargo, or property during transport by land, sea, or air. It protects against damage caused by external forces such as weather, theft, fire, accidents, and other perils that may occur while the goods are in transit and that the contract does not explicitly omit.

All-risk coverage also includes protection from financial loss due to the inability to meet contractual obligations, such as shipments that have arrived late.