all risks insurance

Definition

Somewhat misleading name for an insurance policy which, while providing the broadest form of insurance cover, generally excludes losses due to bad packaging, delay, inherent vice, loss of market, etc. Such policies do not name the risks covered but only list the exclusions; all unnamed risks are automatically covered. The term 'All risks' is now being phased out. In marine insurance, for example, the term 'institute cargo clauses (All Risks)' has been replaced with the new term 'institute cargo clauses (A, B, and C)'. Also called all peril insurance, against all risks.

单词	all risks insurance
释义	all risks insurance Definition Somewhat misleading name for an insurance policy which, while providing the broadest form of insurance cover, generally excludes losses due to bad packaging, delay, inherent vice, loss of market, etc. Such policies do not name the risks covered but only list the exclusions; all unnamed risks are automatically covered. The term 'All risks' is now being phased out. In marine insurance, for example, the term 'institute cargo clauses (All Risks)' has been replaced with the new term 'institute cargo clauses (A, B, and C)'. Also called all peril insurance, against all risks.
随便看	statement of facts statement of goods manufactured statement of owners' equity statement of policy information statement of principles and values statement of purpose statement of realization and liquidation statement of resources statement of retained earnings statement of revenue and expenditures statement of sources and application of funds statement of values statement of work (SOW) state of domicile state of origin state of the art state of unemployment compensation state-owned enterprise (SOE) states of nature state trading company state unemployment insurance (SUI) statewide average weekly wage static static budget static decision