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Claims & Loss Prevention

Sarvada research, workflows, and commentary focused on claims & loss prevention.

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Claims & Loss Prevention

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August 9, 2026

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111 articles

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Claims & Loss Prevention - June 30, 2026 - 6 min read

Surety Bond Invocation and Recovery in India 2026: When the Bond Is Called, Who Pays First, and How the Insurer Claws It Back

When a beneficiary such as NHAI, a PSU or a project owner invokes a surety bond, the payout mechanics turn entirely on whether the bond is conditional or unconditional, and the insurer's recovery from the contractor is a separate fight altogether. This post walks the claims and recovery side of IRDAI surety insurance: on-demand exposure, the contractor indemnity agreement, personal guarantees and the unresolved recourse-rights gap that slows recovery.

By Sarvada Editorial Team

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Claims & Loss Prevention - June 24, 2026 - 10 min read

Filing a Commercial Claim on Bima Sugam: The Notification and Evidence Traps Brokers Must Pre-Empt

Bima Sugam's claims module makes intimation instant and timestamped, but a one-click FNOL with thin documentation can lock a commercial claimant into an under-described loss. This piece sets out how brokers keep control of the intimation narrative and the evidence pack as claims start flowing through the portal.

By Sarvada Editorial Team

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Claims & Loss Prevention - June 23, 2026 - 10 min read

Stranded at Hormuz: What a War-Risk Cargo Claim Actually Pays When Insurers Walk Away

Iran's blockade of the Strait of Hormuz from late February 2026 cancelled war-risk and P&I cover for Gulf transits and pushed premiums sharply higher. For Indian cargo interests with stranded shipments, recovery now turns on transit, frustration and held-covered clauses, not the war-risk certificate they assumed would respond.

By Sarvada Editorial Team

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Claims & Loss Prevention - June 18, 2026 - 10 min read

Cyclone Wind Versus Flood Apportionment for Bengal Industrial Losses: A Commercial Claims Playbook

Take a very severe cyclonic storm making landfall on the Bengal coast in the pre-monsoon window, with Kolkata-area gusts near 155 km/h and rainfall of the order of 250 mm — Cyclone Remal, which struck the coast in May 2024, is the closest recent real analogue. The recoverable number on every damaged plant then turns on one call: was the loss caused by storm or by flood? This post walks brokers through that split.

By Sarvada Editorial Team

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Claims & Loss Prevention - June 18, 2026 - 8 min read

The Red Sea Reopening and Indian Trade Claims in India 2026: Cargo, Contingent Business Interruption and the Disruption That Pays Nothing

As and if container shipping returns to the Red Sea, Indian exporters and importers face a transitional period of rerouting, port congestion and delay, and many assume their insurance will respond. It often will not, because cargo and contingent business interruption cover turn on physical damage that pure delay does not cause. This piece reads the reopening as a scenario and sets out where the cover bites and where it leaves the buyer exposed, whether transit normalises or the Cape diversion drags on.

By Sarvada Editorial Team

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Claims & Loss Prevention - June 16, 2026 - 8 min read

Surveyor Appointment and Settlement Timelines in India 2026: Using the Claims Clock to Move a Large Commercial Loss

IRDAI's claims-handling framework sets out when an insurer must appoint a surveyor, when the survey report must come, and when the claim must be settled, but on a large commercial loss those clocks only work for a policyholder who knows how to start and run them. This piece turns the regulatory timelines into a practical playbook for keeping a complex claim moving.

By Sarvada Editorial Team

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Claims & Loss Prevention - June 14, 2026 - 9 min read

Contractors' Plant and Machinery Claims in India 2026: Transit Damage, Theft Investigation and the Fight Over Quantum

When an excavator burns on a low-loader or a crane is stolen from a yard, the contractor's recovery is decided less by the policy schedule than by the loss investigation: the first information report, the surveyor's cause finding, the salvage, the depreciation and betterment deductions, and whether the loss is settled as a repair, a partial loss or a constructive total loss. This piece walks through how a CPM transit or theft claim is investigated and quantified, and where recoveries are won and lost.

By Sarvada Editorial Team

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Claims & Loss Prevention - June 13, 2026 - 13 min read

Preparing a Large Business-Interruption Claim and the Role of Forensic Accountants in India in 2026

A large business-interruption claim turns on indemnity period, gross profit and increased cost of working, and it is settled through a quantification process where the insurer's loss adjuster and the policyholder's own claim-preparation support each build a number. This post sets out the BI claim mechanics, the documentation and evidence required, where forensic accountants fit, the disputes that recur over savings, trends and sum-insured adequacy, and how to run the process to a fair settlement.

By Sarvada Editorial Team

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Claims & Loss Prevention - June 12, 2026 - 8 min read

When a Commercial Claim Is Disputed in India 2026: Why the Insurance Ombudsman Cannot Help You and What Can

Corporate buyers who reach for the Insurance Ombudsman when a large claim is rejected discover that it has no jurisdiction over them. This piece maps the dispute-resolution pathways actually open to commercial policyholders, from internal grievance and IRDAI's Bima Bharosa to arbitration, consumer and civil courts, and explains how to build the claim file that decides which way a dispute goes.

By Sarvada Editorial Team

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Claims & Loss Prevention - June 11, 2026 - 14 min read

Underinsurance and the Average Clause in India 2026: Why Sound Sums Insured, Not Cheap Premiums, Decide What a Fire Claim Pays

The most common reason a large Indian fire claim pays far less than the loss is not a coverage dispute. It is the average clause biting on an underinsured sum insured. This piece explains how proportionate settlement works inside the claim, and the order in which the surveyor applies average, the deductible and the sub-limits. It also covers why declared values drift below the surveyor's day-of-loss reinstatement assessment, how the reinstatement-settlement and waiver-of-average provisions change what is actually paid, and the declared-value pitfalls that only surface at the fire.

By Sarvada Editorial Team

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Claims & Loss Prevention - June 10, 2026 - 11 min read

Non-Disclosure and Claim Repudiation in India 2026: Materiality, Good Faith and the Insurer's Burden of Proof

An insurer cannot repudiate a claim for non-disclosure merely because the proposal form was imperfect. Indian law sets a structured test: the undisclosed fact must be material, and the insurer carries the burden of proving it. This piece sets out the principles of utmost good faith, materiality and burden of proof, the limits on repudiating for technical or immaterial non-disclosure, and how proposal-form practice, policy wording and claims defence should reflect them.

By Sarvada Editorial Team

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Claims & Loss Prevention - June 10, 2026 - 16 min read

Road Transit Pilferage and Hijack Claims in India 2026: Investigation, Recovery and Loss Prevention Playbook

Goods-in-transit pilferage, theft, driver collusion and vehicle hijack drive a large share of inland cargo claims on Indian roads. This piece sets out how Marine cum Transit and road-carrier policies respond, how investigators separate pilferage from shortage and fraud, recovery against carriers under the Carriage by Road Act 2007, and a practical loss-prevention regime.

By Sarvada Editorial Team

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Claims & Loss Prevention - June 8, 2026 - 12 min read

Combustible-Dust Explosions in Indian Pharma and Food Plants 2026: A Process-Safety and Underwriting Problem

A combustible-dust explosion is a distinct process-safety hazard for pharma-API, food-processing and chemical plants, and it triggers property, employers' liability, business-interruption and product or recall cover all at once. Anchored on the June 2025 Sigachi Industries explosion, this piece sets out dust hazard analysis, ignition control, Factories Act duties, and the loss-prevention controls underwriters check before they price the risk.

By Sarvada Editorial Team

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Claims & Loss Prevention - June 7, 2026 - 14 min read

Container-Ship Fires, Misdeclared Dangerous Goods and Cargo Claims in India 2026: A Playbook for the Cargo Interest

Container-ship fires fed by misdeclared dangerous goods, lithium batteries, reactive chemicals and self-heating charcoal, are a growing maritime loss for Indian exporters and importers. When a fire and a general average declaration hit your cargo, the response runs through marine cargo open cover and Institute Cargo Clauses, the general average machinery of average bonds and guarantees, salvage, documentation and the time-bar, and recovery against the carrier. This is the cargo-interest playbook.

By Sarvada Editorial Team

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Claims & Loss Prevention - June 6, 2026 - 11 min read

Denial of Access Business Interruption Claims in India 2026: When Loss Comes From the Surroundings, Not Your Premises

Some of the most disputed business interruption claims in India arise not from damage to the insured's own premises but from events nearby that block access, cut utilities or close a neighbourhood. This guide explains denial of access and the related extensions, how they are triggered, and why these claims so often turn on the precise wording.

By Sarvada Editorial Team

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Claims & Loss Prevention - June 6, 2026 - 15 min read

Warehouse Rack Collapse and Stored-Stock Claims in India 2026: Cause, Quantum, Salvage and Subrogation

Pallet-racking and stack collapse is a distinct and growing warehouse loss in India, driven by overloading, forklift impact, poor racking design and installation, and seismic exposure. This post sets out how rack-collapse claims differ from fire claims: investigating the cause, quantifying and segregating damaged stock, salvage, business interruption from rack downtime, subrogation against installers and operators, the role of racking standards, and how property and stock policies and sums insured respond.

By Sarvada Editorial Team

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Claims & Loss Prevention - June 4, 2026 - 14 min read

Subsidence and Ground Movement Claims on Indian Commercial Property 2026: A Wordings-Led Claims Playbook

Subsidence, ground heave and landslip claims on commercial property are rising with monsoon intensity, excavation-adjacent construction and building on soft and reclaimed soils. This post sets out how the Standard Fire and Special Perils policy treats subsidence and landslide, the STFI versus subsidence distinction, the proximate-cause and gradual-versus-sudden disputes that decide these claims, the geotechnical and surveyor work that evidences them, and a practical loss-prevention and claims playbook.

By Sarvada Editorial Team

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Claims & Loss Prevention - May 29, 2026 - 25 min read

Cyber Incident Multi-Policy Claim Coordination for Indian Corporates 2026: Cyber, D&O, Crime, BI and PI Interaction

A single cyber incident at an Indian corporate now triggers claim notifications across cyber, D&O, crime, business interruption and professional indemnity policies. Coordinating these claims through CERT-In reporting timelines, DPDP Act exposure and IRDAI cyber wordings is the new claims discipline for FY2026-27.

By Sarvada Editorial Team

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