Things To Consider When Buying a Cash Safe for Your Business.

When acquiring a safe for your business, there are a few important things to consider. You must first decide what will be kept in the safe, whether it’s valuable documentation, cash, or other valuables such as keys and technological gadgets. Other considerations, such as overnight storage and the quantity of cash and valuables stored, will influence your decision.

 

Type Of Safe

When deciding which type of safe will be perfect for your business, you should take into consideration the type of locking mechanism. When choosing a locking mechanism for your safe, be sure that it will prevent unauthorised entry. A few common locking mechanisms include:

 

Key Locks

They are extremely simple to operate and rely on a physical key to unlock the safe in order to access the contents within, like the ones you would use to open a door. While they are simple and easy to use, there is always the possibility of losing or misplacing them, exposing the safe and its contents.

 

Combination Locks

To gain entry, combination locks employ a secret code known only to authorised personnel, which is input via a dial on the safe. They are incredibly secure, but users must remember the code. The disadvantage of combination safes is that anyone knows the codes has access to the safe and its contents.

 

Electronic Locks

Electronic locks, often known as “digital locks,” are sophisticated systems that require the entry of a code or password to obtain access. They make it simple to alter the code and withdraw access permissions, making them perfect for instances where temporary access is granted.

When compared to key locks and combination codes, these solutions are more user-friendly and provide a safer experience. They also support many users and allow you to provide unique codes to each so that you can trace who used the safe and when.

 

Biometric Locks

To get access to the safe, these locks employ novel technologies such as retina scans, voice recognition, and fingerprint identification. Because these are among the highest-tech safes, they tend to be highly expensive. These safes will be more widespread in multinational, global corporations than in local firms. They provide a high level of security and eliminate the risk of compromised keys, combinations, and codes, removing the possibility of unauthorised access.

 

Size Of Safe

Safes may be massive, heavy things, equivalent to furniture, so the size of the space you want to keep it in must be considered. This is true whether the safe is freestanding or affixed to the floor or wall, because space and size are always important considerations. You should also consider the objects you want to keep in the safe. You do not want to end up with a small safe that cannot even hold some of the crucial items that need to be protected. As a general guideline, it’s advisable to future-proof yourself by purchasing a slightly larger safe to account for any miscalculations, errors, or confusion.

 

Cash Rating

All money safes have a cash rating, which specifies how much money you can keep in the safe while still being completely insured. This grade can also be used to determine how much jewellery or valuables can be stored in the safe. Higher-cashed-rating safes are typically more expensive, meaning that in terms of security, you get what you pay for. Consider how much value you will ever keep in the safe before purchasing a safe with an appropriate cash rating.

The Eurograde System is the name given to this scale. An insurance company will use the rating to determine the amount of protection provided. The following are Eurograde security ratings that apply to all types of cash safes.

Eurograde 0 – Cash rating of £6,000 and a valuables rating of £60,000.

Eurograde 1 – Cash rating of £10,000 and a valuables rating of £100,000.

Eurograde 2 – Cash rating of £17,500 and a valuables rating of £175,000.

Eurograde 3 – Cash rating of £35,000 and a valuables rating of £350,000.

Eurograde 4 – Cash rating of £60,000 and a valuables rating of £600,000.

Eurograde 5 – Cash rating of £100,000 and a valuables rating of £1,000,000.

Eurograde 6 – Cash rating of £150,000 and a valuables rating of £1,500,000.

Eurograde 7 – Cash Rating of £250,000 and a valuables rating of £2,500,000

Eurograde 8 – Cash Rating of £400,000 and a valuables rating of £4,000,000

Eurograde 9 – Cash Rating of £650,000 and a valuables rating of £6,500,000

Eurograde 10 – Cash Rating of £1,000,000 and a valuables rating of £10,000,000

Eurograde 11 – Cash Rating of £1,500,000 and a valuables rating of £11,500,000

Eurograde 12 – Cash Rating of £2,250,000 and a valuables rating of £22,500,000

Eurograde 13 – Cash Rating of £3,500,000 and a valuables rating of £35,000,000

The cash rating of the safe you want to buy for your business should be influenced primarily by the value of the assets you intend to store. The safe will typically cover ten times the amount of cash it holds in terms of valuables. Many small businesses will only need safes with a Eurograde rating of 0-5. But larger businesses or specialty businesses like jewellers may need the higher-security safes.

 

Cost

Eurograde-certified safes are significantly more expensive. The value of a safe can vary greatly depending not only on its Eurograde rating but also on its size, make, and model. All these factors can change the price of the safe dramatically. Generally, the higher the Eurograde certification, cash rating, and safe size, the higher the price. Safes that are accredited by organisations such as the AiS will also carry a larger price tag. But with safes’ sole purpose being to protect your valuable assets, it may be worth every penny to invest in the highest quality safe for your business.

 

Safe Accreditations

 

AiS Approved Safes

These safes have been approved after being independently tested to fulfil the Association of Insurance Surveyors’ criteria. This automatically qualifies them for approval by UK insurance brokers and assures the appropriate level of security for your belongings. When purchasing a cash safe, be cautious and check for the AiS accreditation to verify that your safe is of the highest quality.

 

SBD –

SBD has over 700 member companies and hundreds of products that meet our police-preferred specification. Their membership acknowledges that goods have not only been tested in accordance with applicable security requirements but have also been completely certified by an independent third-party certification organisation approved by the United Kingdom Accreditation Service (UKAS).

Independent certification includes initial product testing as well as regular re-tests, as well as inspections of the manufacturer’s manufacturing facilities to ensure that the necessary processes are consistently maintained over time to provide a more secure and dependable product.

 

ECB•S

The ECB•S certification mark documents that the security products have been certified by the European Certification Body and meet the requirements of the relevant European Standard.

 

Top 3 Cash Safes for Businesses

 

Burton Amario 1K

 

 Eurovault Aver S2 – GR3

 

Burton Torino – S2

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Still struggling to find the best safe for you? Read our alternative blog on “What Are the Best Money Safes?“

If you currently own a Cash Safe for your business and are having problems operating the safe, you should seek professional assistance. To ensure you don’t damage your safe, refer to our Safe Opening and Repair guide for the best advice!

 

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