This is a tailor-made policy that is suitable for organizations whose sums insured are substantial. It is an all-inclusive policy that covers fire, burglary, accidental damage as well as business interruption (con- loss). It covers any peril, as long as the contract does not specifically exclude it from coverage.
An all-risk policy does not name the risks covered, but instead, names the risks not covered. In so doing, any peril not named in the policy is automatically covered.