INSURANCE ADVISORY SERVICES
FREQUENTLY ASKED QUESTIONS (FAQ)
What is Pre-Dispatch Inspection ( PDI )
Pre – Dispatch Inspection is a quality control process conducted before goods are dispatched or shipped from the manufacturers or supplier to the buyer.
Why is Fire Audit Important?
A Fire Audit is a systematic evaluation of a building’s fire safety preparedness. It is critically important for preventing fire - related hazards and ensuring the safety of life and property.
What is thermography in Fire Audits?
Thermography ( or thermal Imaging )in fire audits is a non-contact, infrared scanning technique used to detect abnormal heat patterns or temperature variations in electric systems, mechanical equipment, or building materials – all of which could lead to a fire if left unaddressed.
What is claim management in Insurance?
Claim Management in Insurance refers to the entire process of receiving, processing, evaluating and settling insurance claims made by policyholders after a loss or damage covered under an insurance policy.
What is Reinstatement value in Insurance Claims ?
Reinstatement Value in Insurance Claims refers to the cost of replacing or restoring damaged property to its original condition, using new materials of the same kind and quality, without nay deduction for depreciation.
Can u help with Insurance Claim settlement?
Yes, we help in drafting a claim intimation letter, reviewing claim documents, understanding deductions, coverage or policy terms and conditions, responding to a claim denial or short settlement.
Do we provide Inspection services for exports?
Yes, If you’re exporting goods, our services includes pre-shipment inspection, verifies quantity ,quality ,labeling, packaging and compliance before shipment. Further we insures goods meet buyer/importing country requirements.
What are the key elements of a fire safety audit?
fire safety audit is a systematic and comprehensive evaluation of a building’s fire safety systems, practices and readiness to prevent, detect and respond to fire emergencies. It helps identify potential fire hazards and ensures compliance with applicable codes.
How can Sapient help reduce insurance premium?
Risk Assessment and Mitigation. We conducts thorough risk inspections and fire safety audits of the premises ( factory, warehouse, hospital, etc) to identify potential hazards , recommend cost effective safety upgrades.
Do you provide insurance valuation for warehouses?
Yes, we provide insurance valuation for warehouses by correctly determining the correct sum insured for building structure, plant and machinery, stock-in-trade/goods stored, furniture, fixtures and fittings, electrical installations, misc assets like forklifts, racks, CCTV etc.
What sectors do you offer insurance advisory for?
We provide insurance advisory and loss assessment services across wide range of sectors which includes Industrial & Manufacturing , Warehouses, Logistics & Cold Storage, Hospitals and Healthcare.
Is third-party validation required in insurance claims?
Yes, Third-Party validation is often required or highly recommended in insurance claims, especially for large, complex or high-risk claims. It acts as an independent, expert assessment to ensure that the claim amount is fair, justified and in line with the insurance policy terms and conditions.
What is the timeline for a PDI report?
The timeline for a pre-dispatch inspection report typically depends on the scope of inspection, product type, and inspection agency, but general guidelines in this direction must be followed strictly.
What is the risk assessment in insurance?
In insurance, risk assessment is the process of systematically identifying, analyzing and evaluating potential risks associated with the property, operations or liabilities being insured.
Can you audit factory premises for fire safety
Yes, we can audit factory premises for fire safety as our expertise is to conduct detailed audit that assess potential fire hazards in operations, storage and electrical systems.