Avoiding Safe Deposit Lawsuits

(Liability Issues Presentation)

Improve Your System:

Typically the safe deposit responsibilities are passed from employee to employee with very little understanding of the institution’s liability. Unfortunately, only after a lawsuit occurs does management turn their attention to this area. Ask yourself the question outlined in the program HIGHLIGHTS. If you’re unable to answer them, this seminar will provide vital information to reduce your liability and hopefully avoid a lawsuit.

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. The presenter knows first hand what to look for, from the most common errors to the not so common, but costly mistakes. This presentation will help you review many critical internal procedures.

Highlights:

This program covers many thought provoking issues and will address your concerns regarding the following questions:

• After losing a $100,000 lawsuit, how did TV coverage increase this loss?

• What seven questions will always be asked in any safe deposit lawsuit?

• Why was an institution sued for $30,000,000 after an internal box theft?

• How did a former employee steal $400,000 in bearer bonds from a box?

• Have you seen the new locksmith tool that opens boxes in 3 seconds?

• How did stamped box numbers on box keys create a $4 million loss?

• How could handling a renter’s key cost an institution over $300,000?

• Why must locks be changed on closed boxes before renting again?

• Are you leaving anyone in your vault alone? “BIG MISTAKE!”

• Why was a “self service box” provider sued for $7,000,000?

Who Should Attend: