Deposit Safes are an essential element for any large cash flow retail business. Unfortunately they are also the primary safe type where the majority of misinformation and fraud occurs. We Only Supply Certified Deposit Safes.
Genuine certified deposit safes are given the certification EN1143-2 or EN1143-2D as distinct from EN1143-1 which is only used for a safe that was originally certified without a deposit facility. If you see an EN1143-1 certification badge on any deposit safe you know it has been modified outside of the factory as it would be fraud to leave this badge on a factory modified deposit safe.
If your deposit safe does not display this cert or has no badge inside its door it's not a good sign, if it's a new safe, it's not certified and you may be entitled to a refund if you bought the deposit safe on the understanding that it had a certified overnight insurance cover.Remember a deposit safe certification badge must be one awarded by an accredited European testing house to be valid. This also applies to pneumatic tube or capsule deposit safes because a hole has been cut into the safe (usually around 65mm). A deposit safe like this couldn't possibly be valid for insurance as the barrier material has clearly been extensively breached. It is only the very ignorant or dishonest who will assert otherwise.
Safes Ireland™ will be happy to check any suspicion you may have regarding a deposit safe you already own or to assist you in finding the right deposit safe to suit your needs and business. We will even check the credentials of a deposit safe you have been offered by another supplier free of charge.
Deposit safes grades and cash covers are as follows: (Cover only applies to recognised European certification)
Deposit Safe EN1143-2 Grade 1 - £10,000 / €15,000
Deposit Safe EN1143-2 Grade 2 - £17,500 / €26,250
Deposit Safe EN1143-2 Grade 3 - £35,000 / €52,500
Deposit Safe EN1143-2 Grade 4 - £60,000 / €90,000
There's nothing to stop an insurance company giving a cash cover on an uncertified deposit safe but this would have to be based on a risk assessment where all the facts are made available to the insurer. This is rarely the case so unless the insurer is aware of the fact the deposit safe is uncertified, the insurance is technically void if there is a loss.
When it comes to insurance it is the policy holder's responsibility to see that all details regarding a deposit safe, strong room or vault are correctly submitted.