Improve Your System:
Recent safe deposit vault burglaries, devastating fires, Tropical Storms Sandy and Allison, Hurricanes Harvey, Ike, Katrina, Rita, Wilma and Andrew and damaging tornados, raging floods and many other nationwide disasters have significantly impacted our safe deposit industry. Following these tragic events, financial institutions have been confronted with some very difficult challenges, decisions, and very significant lawsuits.
Did you inherit the safe deposit area and then start wondering what liability might exist? Historically, this responsibility has been routinely passed from employee to employee with very little attention given to existing procedures or documentation. Unfortunately, only after a burglary, disaster or lawsuit occurs does management turn its attention to this area.
Whether you have 50 boxes or 5,000, this presentation provides a realistic and well-organized method of reviewing and auditing your procedures before a catastrophe occurs. Your speaker knows firsthand what to look for, from the most common errors to the not so common, but potentially costly mistakes. This presentation will help you review your own internal procedures.
How can proper vault door closing procedures help you avoid overnight guests?
How could $300 million in box contents disappear during a safe deposit vault burglary?
Why are many flooded safe deposit box disasters caused by defective plumbing?
What details about recent safe deposit burglaries have TV reporters covered recently?
How should employees be trained to answer consumer’s questions?
What ten questions will always be asked in any safe deposit lawsuit?
Would your part-time attendant make a good courtroom witness?
Why must phrases like “waterproof or fireproof” vault be avoided?
What happened to all the safe deposit boxes after fire totaled four branches recently?
What 15 steps must be taken when a flood fills your vault with contaminated water?
Why are self-service box renters now suing for millions?
How can FDIC or NCUA signs, logos or brochures create safe deposit liability?
Do you now have written disaster recovery plans to handle fire and flood disasters?
Why should renters be provided with “No Insurance” disclosure forms?