25 Lessons Learned from Nationwide Litigations (Safe Deposit Box Liability Presentation – 2015 Update)

Safe Deposit Box Liability Presentation - 2015 Update

Improve Your System:

Recently financial institutions have experienced many disappearance claims and significant lawsuits which resulted in very large nationwide losses and very expensive litigations. 


What did they do wrong? Most of these disappearance claims and lawsuits are a direct result of insufficient employee training, incorrect box drilling and safekeeping procedures, unauthorized vault access, improper box relocations, flooded vaults, sloppy record retention and the news media coverage that inevitably follows.


Regardless of the size of your safe deposit operation, this presentation provides a realistic and well-organized method of reviewing your procedures before a lawsuit occurs. Your presenter knows firsthand what to look for, from the most common errors to the not so common, but costly mistakes. This program will help you review specific and critical internal procedures.


Covered Topics:


How can you avoid these claims, lawsuits and media coverage? Review the following questions. This seminar provides the answers and procedures to help reduce future litigation.


q  After a branch is closed for a month, how did renters lose of their box contents?

q  What terrible things could happen if you’re leaving anyone in your vault alone?

q  Why have numerous safe deposit disappearance claims occurred recently?

q  How did granting a small favor create a $2,140,000 disappearance claim?

q Who Should Attend?

This informative program is designed to update safe deposit supervisors, vault attendants, cashiers, branch managers, compliance officers, auditors, training directors, security officers, new account personnel and your in-house legal counsel.