Definitions for "All Risk"
a policy that covers the risk of loss or all perils except those that are specifically excluded. Also called open perils policy.
The term "All Risk" means there is coverage for all perils except those specifically excluded.
This is the most comprehensive type of transportation insurance, providing protection against all physical loss or damage from external causes.
Any incident or event, natural or human-caused, that warrants action to protect life, property, environment, public health or safety and minimize disruption of government, social, or economic activities. see also: Event; Incident