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Provides the widest available damage cover for commercial and industrial properties. One approach is to cover accidental loss or damage with no reference to specified perils but with exclusions, the other is to add the risks of accidental loss or damage to the normal fire and special perils cover. The exclusions found in a fire and perils policy will apply plus the additional exclusions of: faulty design, materials, and workmanship, and inherent vice or defect; the gradually operating causes invariably excluded from all risks policies; change in temperature, nature of property etc; disappearence or shortage; pollution or change in the water table; subsidence, settlement or shrinkage; storm damage to property damage in the open. Some of the other excluded risks may be bought back by the insured or cover will be restricted to specified perils (fire and the customary range of additional perils). These may include: theft, fraud, engineering risks, brittle articles, money, computers, livestock and growing crops. The policy is often issued on a first loss basis.