All Risks
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All Risks, Ltd.
|
10150 York Rd., 5th Fl. Hunt Valley, MD 21030 MD Tel. 410-828-5810 Toll Free 800-366-5810 Fax 410-828-8179 |
Type: Private
On the web:
http://www.allrisks.com
Founded in 1964, All Risks is a wholesale broker of excess and surplus insurance and a managing general agent for insurance carriers. The company sells and services a variety of wholesale commercial insurance lines including general and professional liability, automobile, workers' compensation, directors and officers, and umbrella insurance. It has specialty programs for some industries, including alarm companies, political campaigns, public livery, security guards, and janitorial contractors. All Risks also sells some personal lines, including high value homeowners and vacant dwelling insurance. It operates nationwide, with offices in 11 states.
Officers:
CEO: Nicholas D. (Nick) Cortezi
President: Matt Nichols
SVP Operations: Mark Melander
Competitors:
Aon
Gallagher
Marsh & McLennan
McGraw-Hill Dictionary of Architecture & Construction:
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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.
Investopedia Financial Dictionary:
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All Risks
A type of insurance coverage that can exclude only risks that have been specifically outlined in the contract. "All risks" means that any risk that the contract does not specifically omit is automatically covered. For example, if an all-risks homeowner's policy does not expressly exclude flood coverage, then the house will be covered in the event of flood damage.
Investopedia Says:
This type of policy is found only in the property-casualty market. All-risks insurance is obviously the most comprehensive type of coverage available. It is therefore priced proportionately higher than other types of policies, and the cost of this type of insurance should be measured against the probability of a claim.
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Copyrights:
McGraw-Hill Dictionary of Architecture & Construction
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc. All rights reserved.
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Mentioned in
AAR
(abbreviation)
Named Perils Insurance
(finance term)
Commercial Property Form
(insurance term)
Manufacturers Output Insurance
(insurance term)
Block Policy
(insurance term)
» More