Understanding the Commercial All Risks Policy
This paper examines the typical sections of a commercial all risks policy, including the operative clause, definitions, exclusions, general provisions, general conditions & claims conditions.
The author highlights that when considering the exclusions within an all risks policy, it is essential that proximate cause is always kept in mind. If the loss is proximately caused by an excluded peril, it will not be covered by the policy. It is also important to be aware of the rules for determining on which party is the onus of proving the loss is covered by the policy.
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