The Irish Safes Ratings Group (ISRG)
The Irish Safes Ratings Group (ISRG)
The Irish Safes Ratings Group (I.S.R.G.) was established to make and periodically update, recommended insurance ratings related to the overnight cash cover for certified safes, strong rooms and secure cabinets, conforming to European standards, for the Republic of Ireland. The National Standards Authority of Ireland and The Private Security Authority sit in an observer capacity on the group.
Having been sourced directly from the Republic of Ireland's insurance industry the I.S.R.G. rates for certified safes are the official rates recognised by The European Security Systems Association.
If you encounter rates that differ from the indicative rates shown on the I.S.R.G. web site which can be found here: www.isrg.ie, or the E.S.S.A. web site which can be found here: http://www.ecb-s.com, it is important to understand that the rates you see are completely fictitious, either by intention or through ignorance. Furthermore, seeing such rates should be a good indication of the reliability of the information you may obtain from a source that quotes completely unsubstantiated figures for a factor as critical as overnight insurance cover.
Official Irish Safe Ratings - Understanding Recommended Rates
Insurance rates for safes are published for most European countries, usually sourced directly from the insurance industry, and are a helpful guide for clients in choosing a safe appropriate to a given risk. The recommended amounts displayed for each certified grade of safe in relation to cash and jewellery cover are for indicative purposes only. Actual insurance cover is subject to approval by an insurer on a case-by-case basis, so before investing in any safe it is important to consult your insurance provider beforehand. It is the client’s responsibility to ensure that the grade or specification of any chosen safe is properly certified.
Almost all insurers will specify a certified grade of safe for the protection of cash or jewellery, but seldom provide a definition of a "certified safe". EU regulation 765/2008 created the system that provides the legal basis of accreditation for the certification of safes to European standards (ISO/IEC 17065). A system backed by regular auditing and market surveillance.
Documentation And Certification
A reputable safe supplier will always provide accredited certification documents for a safe and the safe itself will have at least one certification plate which can be located on the inside of the door. This will always be a stamped metal plate, never a sticker. Accredited European certification is verifiable assurance that a safe, fire safe or data cabinet has been tested and certified under European law. Proof of standard for insurance, GDPR and litigation purposes. Look for an ISO/IEC17065 accreditation noted on certification documents and on the certification plates. All plates will clearly state the European certification standard and the name of the accredited certification body, ECB-S, VDS, CNPP or SBSC.
Insurance Rates And Cover
The rates shown below presume a monitored intruder alarm is installed in the premises where the safe is situated. Some insurers may decide that a higher cover is warranted based on their risk assessment, some may decide the specification of the safe is not adequate or may insist on various types of monitoring. For higher levels of cover a certain amount of negotiation is to be expected and additional measures may be required to mitigate risk.
It is not hard to encounter rates that differ from the indicative rates shown below as unfortunately there are many safe suppliers, some well known, that invent higher rates to attract business. It is often the case that displaying false rates is an indication of more serious issues with a supplier who does so.
Amounts in €1000 units
Contents cover is five times cash rating
|Grade||Standard||Type||Cash||Jewellery / Contents|
|S1||EN 14450||Secure Cabinet||Not Advised||Not Advised|
|S2||EN 14450||Secure Cabinet||Not Advised||Not Advised|
|I||EN 1143-1 / EN 1143-2||Safe / Deposit Safe||€12,500.00||€62,500.00|
|II||EN 1143-1 / EN 1143-2||Safe / Deposit Safe||€25,000.00||€125,000.00|
|III||EN 1143-1 / EN 1143-2||Safe / Deposit Safe||€50,000.00||€250,000.00|
|IV||EN 1143-1 / EN 1143-2||Safe / Deposit Safe||€90,000.00||€450,000.00|
- Recommended amounts are for indicative purposes only and are subject to approval by the insurer on a case by case basis
- Certified deposit safes are only available in grade 1 to 5 and display the certification EN1143-2. Any other mark not accepted
- Certified safes with a weight of <1.000 kg must be anchored at the place of installation in accordance with the EN1143-1 specification
- NA – Not advised
- PA – Prior approval recommended – It’s necessary to discuss this cover in detail with your insurance company as it falls outside normal recommendations