all-risk insurance


Also found in: Financial.

all-risk insurance

On a construction project, insurance that protects the policyholder against all risks other than those which are specifically excluded by the policy.
References in periodicals archive ?
Under an all-risk insurance policy, a policyholder has a very limited set of items upon which it carries the burden of proof.
Hebra said the contractor was covered by an all-risk insurance policy, but would most likely seek an extension to complete the project.
The all-risk insurance policy is usually more expensive than the named peril policy because it is more comprehensive.
"As we learned in the aftermath of Hurricane Katrina, most courts have upheld the flood exclusion in all-risk insurance policies."
TRG Marine[TM] constructs specialty all-risk insurance policies designed specifically for companies operating in a global environment.
The "lease-to-own" program includes an all-risk insurance and warranty that also offers a free service package including filter and oil change over the three-year period.
Their alternative is to put the onus back on clients, or offer some form of legal liability inferior to an all-risk insurance cover.
The carrier's all-risk insurance policy should also be examined.
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