Which type of cargo insurance coverage is the most comprehensive?

The most comprehensive type of cargo insurance coverage is the all-risks clause. This coverage provides protection against a wide range of potential risks and perils that could cause damage or loss to the cargo while in transit. Specifically, it covers all physical loss or damage to the cargo, unless specifically excluded in the policy. This inclusivity makes it the preferred choice for shippers looking to minimize exposure to risk.

In contrast, general average coverage applies only in specific situations where a deliberate sacrifice of cargo is made to save the ship and other cargo during maritime peril. Named perils coverage is limited to specific risks that are expressly listed in the policy, which means that if a risk is not mentioned, it is not covered. Cargo liability coverage typically pertains to the liability of the carrier for loss or damage to the cargo, instead of providing direct insurance for the cargo itself. Thus, while useful, these options do not offer the comprehensive protection that the all-risks clause does.