Strike Risk

Strike Risk is an additional risk under marine cargo transportation insurance. It covers direct loss of goods caused by events such as strikes, labor disturbances, riots, and civil commotions, as well as general average sacrifices, contributions, and salvage charges arising from such events. Usage scenarios: When exported goods pass through or are shipped to countries or regions with political instability and a high likelihood of labor disputes, the buyer or seller typically adds Strike Risk coverage to mitigate risks. Precautions: Strike Risk usually cannot be insured independently; it must be added on the basis of a main risk policy (such as Free from Particular Average, With Particular Average, or All Risks). Moreover, it only covers direct losses; indirect losses (such as ship demurrage or falling market prices of goods caused by strikes) are not compensated. Differences from other terms: It belongs to the same category of additional risks as War Risk, but War Risk covers war, hostile acts, etc. The two are often insured together, but the risk events are different. Unlike All Risks, All Risks does not automatically include Strike Risk and requires separate additional coverage.