All-risk Coverage

All-risk coverage is a particularly extensive form of insurance coverage. The insured risks – or better said: the resulting liability claims – are not conclusively named in the case of all-risk cover. Everything that has not been explicitly excluded is therefore insured. This regulation is particularly advantageous for the insured person.

All-risk coverage is mostly based on written and uniform insurance conditions (wording) and is not a combination of special and general liability conditions.

In contrast to all-risk coverage, with such insurance there is coverage catalogue, in which only the risks and activities that are listed in the insurance conditions (as in a catalogue) are insured. This makes it difficult for the policyholder to understand the actual scope of the insurance. This is all the more so since the scope of insurance results from the special conditions in connection with the general liability conditions. Exclusions can therefore be found in two different sets of conditions.

Exali Professional Indemnity Insurance includes what is known as blanket coverage for your profession. Similar to all-risk coverage, blanket coverage for your profession ensures that all activities are automatically insured that are not explicitly excluded in the insurance conditions. For example, you can mainly work as a programmer, but you are also insured if you also work as a consultant on the side.