Safe Insurance Explained

When buying safes you cannot base your choice on looks or price alone, at least not if you want your insurance company to cover you for losses due to theft, fire or flood damage to the safe and or its contents.

The manufacturers of quality cash safes will give Insurance or Cash Rating for each safe expressed in terms of the amount of cash an insurance underwriter considers you can safely store in the safe. The general rule is that the higher the cash rating the more secure the safe is from burglars and safecrackers. The Cash rating also usually defines the Valuables rating of the safe i.e. the equivalent value of non-cash valuables such as jewellery the safe can hold. This is almost universally agreed by insurers as 10 times the cash rating.

A safe certified to EN14450 is suitable for low risk applications up to a maximum of £4000 in cash and £40,000 in valuables and are a popular choice for home security. The European standard EN1143-1 covers everything above this security level and safes to this standard are often termed Euro or Eurograde cash safes. The “Grade” is expressed as a number from Grade 0 to Grade13 in ascending order of greater security. A grade 13 safe is effectively equivalent to a bank vault with a cash rating of £3.5 million.

Assigning cash ratings is usually based upon testing to the European Attack Test Standards and drop tests that are now widely recognised by the insurance industry and provide independent third party confirmation of the security level and durability of a safe. You do sometimes see equivalent American test standards quoted usually prefixed by UL and independent laboratory certifications such as NT or NordTest more often for fire and water resistance.

Certification to international standards is the starting point for choosing the right safe for your circumstances but be aware that different insurers may apply different risk assessment criteria due to other factors such as the location of the property and the presence of other security measures. It is always best to check with your insurer that your cover is adequate particularly if you are storing lots of cash or valuables.

Water resistant storage a bigger priority

At long last Summer has arrived, at least for a day or two. River levels are falling and the farmers may at last be able to get onto their fields to harvest crops. It’s easy to forget that many businesses are still cleaning up from the devastating floods that hit many towns and villages earlier this month.

Although insurance will cover the cost of reinstatement, for the majority this will do little to help the business return to normal trading or replace business critical documents and customer records lost in the deluge. It is also an ever present worry that once at risk further flood events are likely to reoccur in the future.

Businesses in risk areas should consider additional measures to protect their operations so that normal service can be resumed as soon as possible. Fortunately there are a range of waterproof safety storage options to protect documents, cash and valuables from as little as £50 or so. All have the considerable added benefit of providing fire protection.

A Sentry or Phoenix portable waterproof document box and cash box come in a range of sizes ideal for the small business providing both water damage protection and security against unauthorised access. If you have larger quantities of paper based records and files that would be difficult to remove from the premises in a flood alert a waterproof filing cabinet such as the Sentry vertical file cabinet or the innovative Phoenix World Class lateral drawer model, is an effective safeguard against both flood and fire.

Businesses holding significant cash or water sensitive valuables such as electronic devices and digital media on the premises should consider a waterproof safe with bolt down facility. Advances in design and technology means they are now an affordable option for even the smallest business. The Burton Aquasec will withstand total submersion in water, is certified for 60minutes fire protection and at less than £250 is surprisingly cost effective.

If the climatologists are to be believed extreme and freakish weather is likely to become the norm in the years ahead so business attitudes to risk and preventive actions must adapt to safeguard business viability.

Key boxes ensure secure access to your home.

I was driving into the village where I live on yet another miserable rainy summer’s day when I passed a schoolboy walking the mile and a half road from the last bus stop into the village. Ordinarily I would not stop unless I was very well acquainted with the individual as sad to say these days such acts of altruism can and often are misinterpreted.

However as I looked back in the mirror I could see the lad was battling the elements so I pulled up and reversed back to offer a lift. It turned out his family had arrived in the village only recently and as he could not remember the house name he gave directions that led me to it. There were no cars on the drive or any signs of activity so I asked if his parents were around. They were both at work but he said he had a key. He thanked me for the lift and headed off but having had kids of my own I held back from driving off whilst I saw him safely inside.

Key Cabinet

The heavens chose that moment to unleash a torrential downpour while the poor lad was searching first his pockets then his schoolbag looking frantically for his key. Nothing I could do but watch and wonder what I would do next if he has lost the key. After what seemed an age he triumphantly held the key aloft and waved by which time he and the contents of his bag were clearly soaked.

For working parents it must be a logistical nightmare to arrange daytime care and supervision of the children and so called latchkey kids are all too common. To provide security and eliminate the risk of children or even parents losing the house key the security industry has developed some excellent weather proof home key boxes that you can mount outside the door to ensure a key is always to hand. They have combination or digital locks to control access and are also useful if you need to admit carers or workmen whilst you are away from home.

 

Keeping your Cash Safe

In a working environment where cash and other such valuable items are being dealt with Safeson a regular basis, the installation of a safe is recommended.

Providing protection – as well as acting as a deterrent to potential thieves – a set of good safes in your business’ office will allow you to rest assured that your valuables aren’t going to get into the wrong hands.

There are a number of different types of safes out there on the market – each designed to fulfill a specific purpose. Here are just a few:

Fireproof Safes – Fireproof safes provide a high level of fire resistance – whilst also maintaining a significant level of security against theft for any valuables stored within.
Ideal for important documents, digital storage media – such as hard drives – as well as cash and keys, a fireproof safe will allow these items to remain protected for up to an hour if a fire occurs.

Cash Safes – Cash safes are a great choice for protecting money and valuables against theft – whether it be in the home, office or a retail environment. With a choice of electronic or standard combination locks, you can ensure that only you have access to the materials within.

Key Safes – Some businesses – such as vehicle rental firms – will have to deal with a large number of keys. A key safe provides a great storage method that will allow you to store them in an organised manner without compromising their security.