Safe Deposit Box Disaster Management: Fires, Floods, Tornados, Hurricanes and Burglaries

On Demand Course

Updated: May 12, 2025

Instructor: Dave McGuinn

What You'll Learn

Hurricane season is approaching, recent forest fires have turned safe deposit vaults into ovens, tornadoes have leveled branch facilities, burglaries are occurring nationwide, and sloppy recordkeeping, poor vault security procedures and many other disaster recovery mistakes have significantly impacted our safe deposit industry. Following all these tragic events, financial institutions have unfortunately been confronted with many difficult challenges, decisions, significant lawsuits and damaging newspaper and TV coverage.

Did you inherit the safe deposit area and then start wondering what liability might exist? Historically, this responsibility has been routinely passed from one operation or security officer to another, with little training or attention given to existing safe deposit procedures or documentation. Unfortunately, only after a disaster or lawsuit occurs does management turn its attention to this area.

Whether you have fifty boxes or 5,000, this presentation provides a realistic and well-organized method of reviewing and auditing your procedures before a disaster, burglary, catastrophe, or other mistake occur. Your speaker knows firsthand what to look for to eliminate these problems, from the most serious to the not so common, but potentially costly errors. This presentation will help you review your own internal security and operating procedures.

Topics covered in this session