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🚢 '''All-risk cargo insurance''' is a form of [[Definition:Marine cargo insurance | marine cargo insurance]] that covers physical loss of or damage to goods in transit from all perils except those specifically excluded in the policy. Unlike named-peril policies, which only respond to risks explicitly listed, all-risk cargo coverage starts from a position of broad protection — the burden shifts to the [[Definition:Insurance carrier | insurer]] to prove that a loss falls within an exclusion rather than requiring the [[Definition:Policyholder | policyholder]] to demonstrate that the peril is covered. This distinction makes it the most comprehensive form of [[Definition:Cargo insurance | cargo insurance]] available and the standard choice for high-value or sensitive shipments moving across international supply chains.

📦 Coverage typically attaches from the moment goods leave the warehouse of origin and continues through all stages of transit — including loading, ocean or air carriage, transshipment, and inland transport — until delivery at the final destination, following the widely adopted "warehouse-to-warehouse" principle. The policy is usually written on terms aligned with the Institute Cargo Clauses (A) issued by the [[Definition:Institute of London Underwriters | Institute of London Underwriters]] and the International Underwriting Association, which serve as the global benchmark for all-risk cargo coverage. Standard exclusions under these clauses include inherent vice, delay, ordinary wear and tear, willful misconduct of the assured, and war or strikes perils (the latter two can be bought back through separate [[Definition:War risk insurance | war risk]] and [[Definition:Strikes, riots, and civil commotions (SRCC) | strikes]] clauses). [[Definition:Underwriter | Underwriters]] assess [[Definition:Premium | premiums]] based on commodity type, packaging, shipping route, mode of transport, claims history, and the financial standing of carriers involved.

🌍 For businesses engaged in international trade, all-risk cargo insurance is a critical risk-transfer tool because it provides the broadest available protection against the unpredictable hazards of global logistics — from container damage and theft to vessel sinking and natural disasters. Many trade finance arrangements and letters of credit require evidence of all-risk coverage as a condition of the transaction, reflecting the confidence that banks and counterparties place in this form of protection. In major [[Definition:Marine insurance | marine insurance]] markets such as [[Definition:Lloyd's of London | Lloyd's of London]], Singapore, Hong Kong, and Hamburg, all-risk cargo policies account for the majority of cargo [[Definition:Gross written premium (GWP) | gross written premium]], and the product continues to evolve as insurers incorporate coverage for modern supply-chain risks including temperature deviation, contamination, and cyber-related logistics disruption.

'''Related concepts:'''
{{Div col|colwidth=20em}}
* [[Definition:Marine cargo insurance]]
* [[Definition:Institute Cargo Clauses]]
* [[Definition:Named-peril policy]]
* [[Definition:War risk insurance]]
* [[Definition:General average]]
* [[Definition:Inland marine insurance]]
{{Div col end}}

Definition:All-risk cargo insurance - Revision history

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